Bajaj Electricals shares gained over 5 per cent in the afternoon trade on Thursday after the company reported more than 250 per cent rise in net profit figures for the quarter ended June 30, 2015. Net profit of the company jumped 261 per cent year-on-year to Rs 20.34 crore. The company earned Rs 5.63 crore in the corresponding quarter a year ago.
At 12.30 pm, the shares of Bajaj Electricals were trading 5.21 per cent higher at Rs 274.80. It opened at Rs 266.70 and has touched a high and low of Rs 279.80 and 264.90, respectively, in trade so far. The BSE Sensex was trading 0.02 per cent down at 28216.44.
The scrip closed 4.77 per cent higher at Rs 273.65 on BSE.
For the quarter ended June 2015, the company posted total income from operations of Rs 1,009.09 crore, up 13.69 per cent, against Rs 887.61 crore in the same quarter a year ago.
Total expenditure of the company also increased by 11.27 per cent on year-on-year basis to Rs 955.82 crore.
On the volume front, around 4.26 lakh shares of the company changed hands at the BSE so far as against two-week average volume of 0.56 lakh shares.