Bajaj Electricals today reported a decline of 26.01 per cent in standalone net profit to Rs 34.69 crore for the fourth quarter ended March 31, 2016.
The company had registered a net profit of Rs 46.89 crore in January-March period a year-ago, Bajaj Electricals said in a BSE filing.
Net sales during the quarter under review was up 3.73 per cent to Rs 1,351.14 crore as against Rs 1,302.51 crore in the same quarter of last fiscal, it added.
During the fourth quarter of 2015-16, Bajaj Electricals revenue from lighting segment increased 18.23 per cent to Rs 326.69 crore as against Rs 276.30 crore in the year-ago period.
Revenue from consumer durables segment was down 0.37 per cent to Rs 544.09 crore in the last fiscal.
The engineering and projects division reported a revenue of Rs 486.33 crore during the quarter, down 1.46 per cent from Rs 493.54 crore in the year-ago period.
For the entire 2015-16 fiscal, Bajaj Electricals’ standalone net profit was at Rs 95.61 crore. It had posted a net loss of Rs 13.95 crore in the previous fiscal.
Net sales were up 8.27 per cent to Rs 4,591.74 crore in 2015-16 as against Rs 4,240.73 crore in the preceding year.
Bajaj Electricals stock was trading at Rs 239.00 per scrip, down 5.94 per cent from the previous close.