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Bajaj Electrical expects FY19 to be a strong year for consumer products business
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Bajaj Electrical expects FY19 to be a strong year for consumer products business
May 23, 2018 7:20 AM

FY19 should be a strong year for consumer products segments, said Anant Bajaj, Managing Director, Bajaj Electricals.

The company came out with a good set of earnings on Wednesday for the fourth quarter of FY18.

Revenues were up around 27%, while margins also improved to 8.4% against 5.8% year-on-year.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) was also up 82.6% but net profit was down 81% at Rs 7.3 crore against Rs 38.4 crore year-on-year.

The company incurred a one-time loss of Rs 89.4 crore.

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