Bajaj’s net sales, however, increased to Rs 1,269.51 crore
Bajaj, India
New Delhi: Bajaj Electricals reported a loss of Rs 10.65 crore for the quarter ended March 31. It had posted a net profit of Rs 63 lakh in the January -March period of last fiscal, Bajaj Electricals said in a BSE filing.
However, its net sales during the quarter under review increased to Rs 1,269.51 crore, against Rs 1,099.74 crore in the year-ago period. For the financial year 2013-14, the company had a net loss of Rs 5.31 crore.
It had reported a profit of Rs 51.21 crore in the previous fiscal. The net sales for the year increased to Rs 4,024.04 crore from Rs 3,370.58 crore in 2012-13. Shares of Bajaj Electricals were trading at Rs 345 per scrip during afternoon trade at BSE, down 6.82 per cent from their previous close.
( Source : PTI )
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