During the fourth quarter, the company achieved sales or income from operations of Rs 1,772.94 crore as against Rs 1,606.27 crore registering a growth of 10.4 per cent over the fourth quarter of the previous year. Profit before tax and profit after tax for the quarter were at Rs 43.86 crore and Rs 28.54 crore as against Rs 43.85 crore and Rs 7.31 crore in the corresponding quarter of the previous year, respectively.
For the year ended 31st March, 2019, the company achieved sales or income from operations of Rs 6,673.14 crore as against Rs 4,716.39 crore, registering a growth of 41.5 per cent over the previous year. Profit before tax and Profit after tax for the year were at Rs 259.44 crore and Rs 167.07 crore as against Rs 164.47 crore and Rs 83.62 crore for the previous year, respectively.
Shekhar Bajaj, Chairman and Managing Director, Bajaj Electricals Limited, said, “Consumer products segment continued to reap the benefits of Range & Reach Expansion Programme (RREP), registering a good growth with improvement in margins. RREP has now been fully rolled out pan-India, which helps the company to reach out to end consumers through more than 2,05,000 retail outlets across the country. This has given the company an edge over the competition in terms of product availability and reach.”
