BAJAJ ELECTRICALS CHAIRMAN
Bajaj Electricals exec chairman Shekhar Bajaj to become non-executive board member from January
Bajaj Electricals executive chairman Shekhar Bajaj will step down from his current role by the end of 2026 after leading the company for four decades. He will transition to a non-executive board position from January 1, 2027, subject to shareholder approval. The move is part of the company’s shift towards a professionally managed, board-led governance model, it said.
Tractor demand drying to likely 3-year low at arid farms
Tractor sales are projected to fall by up to 10% year-on-year, while vehicle dealers in some markets are also seeing sharp declines in sales of entry-level cars and two-wheelers. Tractor sales were up 8% to 610,000 units in the first half of the current year from a year-ago period, according to Tractor and Mechanisation Association. The pressure is also visible in entry-level motorcycles and cars, which have a large rural market.
ET Business Growth Summit, Nagpur: Maharashtra minister Jaiswal calls for a rethink of industrial incentives to ease investor stress
ET Business Growth Summit in Nagpur highlighted land shortages, financing constraints, and rising energy costs as major challenges.
India’s business owners need to match the global ambitions of Korean and Chinese peers: Gautam Kumra, Chairman of McKinsey's offices in Asia
McKinsey Asia chairman Gautam Kumra discusses why owner-led businesses have outperformed professionally managed and state-owned peers, accounting for $7 trillion of the $14 trillion in market value created by Asia’s top 300 companies over 25 years. He explains the leadership traits that distinguish founders, succession challenges, AI adoption and why Indian businesses must look beyond domestic markets to build global franchises.
10-minute househelp startups & their crore-sized losses
Latest financials reported by Snabbit and Urban Company on Friday point to heavy cash burn in the race to deliver household services within 10 minutes. This and more in today’s ETtech Top 5.
ET Prime Special Series: Multibagger or IBC - Part 76: Exports are 30%, one customer is 28%, and EV story is still at the starting line
Seventy-six weeks,76 auto ancillary companies. This week, we turn to another legacy supplier that has spent decades building precision-manufacturing capability, a wide customer base, and a presence across tractors, commercial vehicles, construction equipment, and industrial applications. The business has three manufacturing plants and exports to multiple countries. Part 76 looks at how this old supplier has evolved, where its revenue concentration lies, how its financial profile has changed, and what investors should watch beyond the headline numbers.
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Bajaj Electrical Q2 results: Net profit at Rs 62 cr, sales slip 6.4% to Rs 1,201 cr
"We have delivered a PBT growth of 6 per cent in spite of revenue degrowth and absorption of high-cost inventories. EPC has delivered positive EBIT for the current quarter coupled with a strong focus on the collection of receivables," Bajaj Electricals Chairman and Managing Director Shekhar Bajaj said.
Bajaj Electricals elevates Anuj Poddar to the role of Managing Director, CEO
Bajaj Electricals Chairman Shekhar Bajaj said over the last few years a significant transformation journey has been embarked at Bajaj Electricals - involving many changes on the business as well as the organisational front. The company has also separated the post of chairman and managing director and its patron Shekhar Bajaj will continue as the executive chairman of the company.
Bajaj Electricals Q1 net profit at Rs 41.19 cr
"We have delivered a stable performance in this quarter on all parameters despite the pressures of commodity inflation and demand slowdown in the latter part of the quarter. EPC has delivered positive EBIT for the current quarter coupled with a strong focus on the collection of receivables," Bajaj Electricals Chairman and Managing Director Shekhar Bajaj said.
Bajaj Electricals Q3 Results: Net profit down 51% at Rs 48 cr
Its total revenue from operations was down 12.02 per cent to Rs 1,319.81 crore during the quarter under review as against Rs 1,500.14 crore in the corresponding period of the previous fiscal.
Bajaj Electricals Q2 results: Net profit up 18% to Rs 62.55 crore
Commenting on the results, Bajaj Electricals Chairman and Managing Director Shekhar Bajaj said: "This has been a strong come-back quarter despite the external challenges. We have maintained our strategic direction and focus."
Bajaj Electricals loss widens to Rs 25 crore in Apr-Jun
Bajaj Electricals' total income was up 40.63 per cent to Rs 865.37 crore during the quarter under review as against Rs 615.34 crore in the corresponding period of the previous fiscal.
Bajaj Electricals Q4 results: Firm reports net profit of Rs 54 cr
The company's total revenue from operations in January-March 2021 stood at Rs 1,258.47, down 3.24 per cent as against Rs 1,300.66 crore in the year-ago period, the company said in a BSE filing.
Bajaj Electricals Q1 results: Firm posts net loss of Rs 16.60 crore
Its total income during the quarter under review stood at Rs 615.34 crore, down 53.3 per cent, as against Rs 1,317.99 crore in the corresponding quarter last fiscal.
Bajaj Electricals Q4 results: Posts net loss at Rs 81 lakh
It had logged a net profit of Rs 23.08 crore in the corresponding January-March quarter a year ago.
Bajaj Electricals aims 48% jump in revenue to 7,000 cr this fiscal
Bajaj Electricals had posted a revenue of Rs 4,716.39 last fiscal, in which EPC had contributed around 2,500 crore.
Anuj Poddar appointed executive director on board of Bajaj Electricals
Anuj Poddar joins Bajaj Electricals from Viacom 18 Media where he was a part of its Leadership Team and was one of its founding team members.
Bajaj Electricals expects Rs 5,550 crore revenue next financial year
Consumer durables maker Bajaj Electricals today said it expects revenues to go up by about 17 per cent to Rs 5,500 crore in the next financial year, 2015-16.
Bajaj Electricals sees good business this fiscal
On exports, Bajaj said some of geographies have seen some difficulties and these markets are expected to see improvement from next year.
Bajaj Electricals eyes Rs 5,000 crore turnover by Financial Year 2015
Home appliances manufacturer Bajaj Electricals is looking at a turnover of Rs 5,000 crore by the end of financial year 2015.
Bajaj Electricals Q4 Net plunges to Rs 63 lakh in January-March
Bajaj Electricals today reported a sharp decline in net profit to Rs 63 lakh for the January-March quarter, 2013, against Rs 48.99 crore profit in the same period last year.
Bajaj Electricals profit declines 64 per cent in Q3
Anant Bajaj, joint MD, Bajaj Electricals said the company has recently received orders worth Rs 275 crore and the current order book stands at Rs 970 crore.
Bajaj Electricals scouts for brands with Rs 1,000 crore corpus
Bajaj Group company Bajaj Electricals Ltd is scouting for acquisition, including brands in electricals and lighting with a corpus of Rs 1,000 crore.
Union Budget 2011: Shekhar Bajaj, Harsh Goenka welcome budget
'It is a pragmatic budget under the challenging circumstances and has a basket of goodies for the individual in the form of tax benefits, rural housing and agri-reforms.'
Bajaj Electricals Q3 net profit jumps 19 pc
Bajaj Electricals today reported a 19.07 per cent rise in its net profit at Rs 40.59 crore for the quarter ended December 31, 2010.
Bajaj Electricals June qtr net profit up 37 pc to Rs 22.5 cr
Bajaj Electricals today posted a 37 per cent jump in its net profit to Rs 22.5 crore in the quarter ended June 30, 2010, over the same period of the previous fiscal.
Bajaj Electricals targeting a revenue of Rs 1,700 cr in FY 09
Bajaj Electricals is aiming for a revenue of Rs 1,700-crore in FY 09, up from the Rs 1,400-crore of last fiscal, a top company official has said.
Name Game: 'bajaj' makes way for 'BAJAJ'
What's in a name? A lot, particularly in the way it is written. This is particularly true for the ‘Bajaj’ brand.
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