Indian appliances maker Bajaj Electricals' profit doubles on one-time gain, strong demand

Bajaj Electricals

12/05/2025 10:25

May 12 (Reuters) - India's Bajaj Electricals BJEL.NS reported a 101.5% jump in fourth-quarter profit on Monday, helped by a one-time income and strong demand for its home appliances, which range from air coolers to LED lights.

The company's consolidated net profit rose to 590.5 million rupees ($6.95 million) in the quarter ended March 31, from 293.1 million rupees a year ago.

Its bottom-line was also boosted by a 213.7 million rupees one-off gain, which includes the proceeds from liquidation of some properties.

Its revenue from operations increased 6.5% to 12.65 billion rupees.

Shares of Bajaj Electricals surged 13.9% after posting results and approving a 5 billion rupees fund raise.

KEY CONTEXT

The fourth quarter was strong for consumer durables makers, driven by an early summer in India and demand for products like air coolers, refrigerators, and fans, analysts said.

Peers Havells India HVEL.NS and Orient Electric ONTE.NS both posted upbeat results, buoyed by strong demand for cooling appliances.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth(%)
Profit growth(%)
Mean rating*
# of analysts
Stock to price target
Div yield (%)
Bajaj Electricals
BJEL.NS
31.37
14.79
12.23
79.71
HOLD
9
0.66
0.57
Blue Star
BLUS.NS
44.03
28.93
16.36
20.95
HOLD
16
0.89
0.56
Voltas
VOLT.NS
37.32
29.43
12.70
18.58
BUY
33
0.85
0.45
Havells India
HVEL.NS
53.01
35.02
14.11
21.07
BUY
26
0.86
0.65

* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

JAN-MAR STOCK PERFORMANCE

 -- All data from LSEG

($1 = 84.9050 Indian rupees)

TTEX https://tmsnrt.rs/3F4Wouc

 (Reporting by Aleef Jahan)

 ((aleefjahan.cs@thomsonreuters.com))