Bajaj Electricals second quarter results live broadcast: Bajaj Electricals announced its second quarter results on November 7, 2024, reporting an annual increase in revenue of 0.5%, but a significant drop in profits of 52.71%. The stark contrast highlights the challenges the company faces in a highly competitive market.
Compared with the previous quarter, the company’s revenue fell by 3.17% and its profit fell by 54.11%. Operating income also dropped significantly, with a quarterly decrease of 61.29% and an annual decrease of 43.5%. The trend is disturbing.
Second quarter earnings per share (EPS) were $1.12, a decrease of 59.13% compared with the same period last year. The drop in earnings per share raised concerns among investors about the company’s future profitability.
Despite its recent struggles, Bajaj Electricals still managed a return of 5.56% last week. However, the company has returned -1.31% over the past six months and -6.97% year-to-date, indicating tougher market conditions.
As of November 8, 2024, Bajaj Electricals had a market capitalization of $Rs 10,599.17 Crore, 52-week High $1,110 minimum $820.15. The volatility reflects investor sentiment as the company navigates current challenges.
Of the 16 analysts covering Bajaj Electricals, ratings are mixed: 2 recommend a sell, 6 recommend a hold, 4 recommend a buy, and 4 assign a strong buy rating. As of November 8, 2024, the consensus recommendation remains “Buy,” indicating optimism about the company’s future performance despite current setbacks.
Bajaj Electric Finance
| period | Q2 | Q1 | Quarterly growth | Q2 | annual growth |
|---|---|---|---|---|---|
| total revenue | 1118.33 | 1154.91 | -3.17% | 1112.82 | +0.5% |
| Depreciation/amortization | 34.79 | 31.96 | +8.85% | 26.88 | +29.43% |
| total operating expenses | 1101.51 | 1111.46 | -0.9% | 1083.05 | +1.7% |
| operating income | 16.82 | 43.45 | -61.29% | 29.77 | -43.5% |
| net income before tax | 14.72 | 38.29 | -61.56% | 45.15 | -67.4% |
| net income | 12.9 | 28.11 | -54.11% | 27.28 | -52.71% |
| Diluted normalized earnings per share | 1.12 | 2.44 | -54.1% | 2.74 | -59.13% |
