Bajaj Electricals' stock skids post shabby Q3 FY'22 numbers; revenue lowers 12% YoY

8 Feb 2022 , 02:11 PM

Bajaj Electricals‘ stock dipped to day’s low of Rs 1,202.15 post company’s Q3 result announcements. However, it soon regained its previous levels and is currently trading at Rs 1218.35, marginally lower than its previous closing price of Rs 1220.35.

Bajaj Electrical Limited’s consolidated revenue from operations for December 2021 quarter stood at Rs 1320 crore as against Rs 1500 crore for December 2020 quarter, down by 12% YoY.

Its EBITDA for Q3 FY’22 was reported at Rs 92 crore against Rs 150 crore for Q3 FY’21, declining by 38.50% YoY.

Its PAT for the quarter ended December 2021 stood at Rs 48 crore against a profit of Rs 98 crore for the quarter ended December 2020, a decline of 50.90% YoY.

EBITDA margin for the quarter ended December 2021 settled at 7% as against 10% for the previous corresponding quarter, with an EBITDA margin of 7.6% in the quarter ended September 2021. PAT margin for the quarter ended December 2021 stood at 3.6% and PAT margin for December 2020 quarter stood at 6.5%.

Company’s PBT stood at Rs 76 crore for the quarter ended December 2021 as against Rs 134 crore for the previous corresponding quarter, down by 43.20% year-on-year.

Company’s Fans line witnessed double-digit 2-year CAGR (c.26%) backed by new launches. While appliances segment reported De-growth on a/c of high base effect (2-year CAGR c.13%). Its kitchen aids – Scaled up in a meaningful manner (2-year CAGR >15%).