Bajaj Electricals Q2 FY26 Profit Declines 23.6% YoY to ₹9.86 Crore

Mumbai, October 31, 2025: Bajaj Electricals Ltd (NSE: BAJAJELEC) reported a consolidated net profit of ₹9.86 crore for the quarter ended September 30, 2025, marking a 23.6% decline year-on-year from ₹12.90 crore in the same period last year. However, the profit showed a sharp sequential rebound from ₹0.91 crore in Q1 FY26, reflecting an improvement driven by operational recovery and enhanced cost efficiency..

Moderate Revenue and Sequential Profit Recovery

Revenue from operations stood at ₹1,10,714 lakh in Q2 FY26, slightly lower than ₹1,11,833 lakh in the same period last year — a marginal decline of 1%. Total income slipped 1.6% to ₹1,11,496 lakh, while total expenses decreased 2.2% to ₹1,09,469 lakh. Despite the modest dip in revenue, profit before tax rose 5.3% to ₹1,550 lakh, supported by effective cost control. The company reported earnings per share (EPS) of ₹0.85 for the quarter, compared to ₹1.12 in the corresponding quarter of the previous year.

Operational Highlights Across Segments

The Consumer Products business witnessed stable growth in kitchen appliances and fans amidst subdued consumer sentiments. The Lighting Solutions segment was resilient, with the help of institutional orders and the rollout of new B2B lighting projects. The Engineering & Projects division reported improved margins, reflecting better project execution and stronger cost control measures.

Management noted that although consumer demand remains uneven, a gradual recovery in discretionary spending and sustained project activity are expected to support growth over the coming quarters.

Stock Market Performance

The impact of the profit decline was evident in market sentiment, as shares of Bajaj Electricals closed 3.66% lower at ₹1,008.80 on the NSE on October 31, 2025, after opening at ₹1,030. The company’s market capitalisation stood at approximately ₹11,820 crore, with a price-to-earnings (P/E) ratio of 51.6 and a dividend yield of 0.58%.

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