Another round of price hike inevitable as raw material costs remain high: Bajaj Electricals
Demand not strong as last year: Poddar16-11-2021
16-11-2021
Bajaj Electricals' prospects improve led by consumer products biz
Appliances, fan, lighting, and Morphy Richards range, all impressed with 13-41% year-on-year growth16-11-2021
Earnings Call for Q2FY22 of Bajaj Electricals
Conference Call with Bajaj Electricals Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.13-11-2021
Bajaj Electricals Ltd - 500031 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we wish to inform you that the Company will have a one on one Investor call on Monday, November 15, 2021, at 5:15 p.m. (IST). Kindly note that the above Investor call is subject to change/cancellation and such change/cancellation may happen due to exigencies on the part of the Investor/Company.13-11-2021
BAJAJ ELECTRICALS LTD.-$ - 500031 - Payment Of Interest/Redemption Premium And The Principal Amount In Respect Of Early Redemption Of The Series C Listed Unsecured Redeemable Non-Convertible Debentures Issued By Bajaj Electricals Limited On A Private Placement Basis At A Face Value Of Rs. 10,00,000 Each
Further to our letter dated November 12, 2021, and pursuant to the provisions of Regulation 60 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, the terms of an issue as enumerated in the Information Memorandum dated February 18, 2019, and any other applicable laws, the Company hereby intimates the record date and date of payment of interest/redemption premium and the principal amount in respect of early redemption of the said NCDs, as under: ISIN: INE193E08012 No. of securities: 750 NCDs Record Date: November 25, 2021 Date of Payment of Interest / Redemption Premium: December 10, 2021 Date of Redemption of Principal Amount: December 10, 202112-11-2021
BAJAJ ELECTRICALS LTD.-$ - 500031 - Grant Of 4,12,500 Stock Options Under The Company'S Employee Stock Option Scheme 2015
The Nomination and Remuneration Committee of the Board of Directors of Bajaj Electricals Limited (the 'Company'), at its Meeting held today i.e. November 12, 2021, has approved the grant of total 4,12,500 Stock Options under the Company's ESOP Scheme 2015 to 143 eligible employees at a price of Rs.1,108.95 per option being the closing market price of the Company's equity share on the National Stock Exchange of India Limited, where the traded volume in the Company's shares was higher on November 11, 2021, i.e. the date previous to the date of the Committee Meeting. The Stock Options granted are within the Plan Size of 30,27,073 Stock Options as available under the ESOP Scheme 2015. These options will vest in favour of the grantees over a period of 4 years from the date of grant i.e. November 12, 2021.12-11-2021
BAJAJ ELECTRICALS LTD.-$ - 500031 - Presentation On The Financial Results Of Bajaj Electricals Limited For The Half-Year Ended September 30, 2021
The presentation on the Financial Results of the Company for the half-year ended September 30, 2021, is enclosed.12-11-2021
Q2FY22 Quarterly Result Announced for Bajaj Electricals Ltd.
Highlights: The Company has achieved revenue from operations of Rs. 1,302 Cr. as against Rs. 1,218 Cr., an increase of 7% over the second quarter of the previous year. Profit before tax and profit after tax was Rs. 79 Cr. and Rs. 63 Cr. respectively, as against profit before tax and profit after tax of Rs. 73 Cr. and Rs. 53 Cr. respectively, in the corresponding second quarter of the previous year. Profit After Tax up 18% Consumer Products (CP) segment of the Company has earned total revenue of Rs. 1,035 Cr. as against Rs. 792 Cr., a growth of 31% over the corresponding quarter of the previous year. CP recorded an EBIT of Rs. 103 Cr. as against Rs. 85 Cr., a growth of 22% over the corresponding second quarter of the previous year. CP Operating Margins are at 10%. EPC segment has achieved a total revenue of Rs. 267 Cr. as against Rs. 425 Cr., registering a de-growth of 37% over the corresponding second quarter of the previous year. EPC recorded a loss of Rs. 14 Cr. as against profit of Rs. 7 Cr. over the corresponding second quarter of the previous year. The Company generated positive Cashflow from Operations of Rs. 476 Cr. Net Debt stands at Rs. 237 Cr., including the debt taken over, as a result of the acquisition of Starlite Lighting Limited. Debt repayment trajectory remains intact. Mr. Shekhar Bajaj, Chairman and Managing Director of Bajaj Electricals Limited, said “This has been a strong come-back quarter despite the external challenges. We have maintained our strategic direction and focus. The Consumer Products business continues to deliver top-line growth and has maintained EBIT margins (vs. the year ago period) despite the significant impact of price rise of commodities. We remain confident of maintaining our direction in the coming quarters. Our EPC segment has delivered an EBIT loss but continues to focus on project execution and remains cashflow positive. We continue to generate strong overall positive Cashflow from Operations amounting to Rs. 476 crores in this quarter, and a resultant strong decline in debt levels.” Result PDF12-11-2021
Bajaj Electricals Ltd - 500031 - Repurchase The 750 Listed Unsecured Redeemable Non-Convertible Debentures (Series C) Of Rs.10,00,000 Each, Bearing ISIN INE193E08012
Pursuant to the provisions of Regulation 30 (read with Part B of Schedule III) of the SEBI Listing Regulations and the terms of the Information Memorandum dated February 18, 2019, concerning said NCDs, we wish to inform you that the Board of Directors at its Meeting has, subject to the consents of Debenture Holder and Debenture Trustees and provisions of the applicable laws, approved the re-purchase of the said Series C NCDs at such a price and on such terms as mutually agreed between the Company and the Debenture Holder.12-11-2021
BAJAJ ELECTRICALS LTD.-$ - 500031 - Outcome Of The Board Meeting Of Bajaj Electricals Limited Held Today I.E. On November 12, 2021
The outcome of the Board Meeting of Bajaj Electricals Limited (the 'Company') held today i.e. on November 12, 2021 ('Meeting'), where the Board of Directors, considered and approved: A. Unaudited Standalone and Consolidated Financial Results of the Company for the second quarter and half year ended September 30, 2021; and B. Repurchase the 750 Listed Unsecured Redeemable Non-Convertible Debentures (Series C) of Rs.10,00,000 each, bearing ISIN INE193E0801212-11-2021