ajaj Electricals reported a 97% decline in net profit for Q1 FY26, falling to ₹91 lakh.
The steep drop is attributed to increased expenses and sluggish market conditions.
Revenue and operational performance details are yet to be elaborated by the company.
Bajaj Electricals Ltd on Thursday reported a 97% dip in consolidated net profit at ₹91 lakh in the first quarter ended June 30, 2025, due to lower sales in the consumer products segment and ex gratia payment for its Nashik factory.
The company had posted a consolidated net profit of ₹28.11 crore in the corresponding quarter of the previous fiscal, Bajaj Electricals said in a regulatory filing.
Consolidated total revenue from operations in the quarter under review stood at ₹1,064.59 crore, as compared to ₹1,154.91 crore in the year-ago period, it added.
During the quarter, the company reported an exceptional item outgo of ₹6.68 crore as ex gratia for the Nashik factory in Maharashtra.
Total expenses in the first quarter were lower at ₹1,086 crore, compared to ₹1,127.24 crore in the same period last fiscal, the company said.
The company said its revenue from the consumer products division in the first quarter was lower at ₹807 crore, compared to ₹905.16 crore in the same period a year ago.
On the other hand, the lighting solutions vertical clocked revenue of ₹257.59 crore, as compared to ₹249.75 crore in the corresponding period last fiscal, it added.
