Bajaj Electricals shares surge over 9% on smart Q3 results

Press Trust of India Posted online: Tuesday, Feb 11, 2014 at 0000 hrs
Mumbai : Shares of Bajaj Electricals today surged over 9 per cent after the company reported a 71.48 per cent rise in net profit for the third quarter ended December 31, 2013.

Bajaj Electricals' scrip ended 9.26 per cent higher at Rs 228.80 on the BSE. During the day, the stock soared 10.64 per cent to Rs 231.70.

At the NSE, the household appliances maker shares zoomed 9.44 per cent to Rs 229.05.

Bajaj Electricals reported a 71.48 per cent rise in net profit at Rs 20.03 crore for the third quarter ended December 31, 2013.

The company had reported a net profit of Rs 11.68 crore in the same period of 2012-13, Bajaj Electricals said in a filing to the BSE today.

Net sales increased to Rs 1,032.42 crore in the quarter under review as against Rs 872.12 crore in the same period last year.