Bajaj Electricals Faces Tremulous Times with Q4 Losses

Bajaj Electricals Ltd faced a significant financial setback in the March quarter of fiscal year 2026, reporting a consolidated net loss of Rs 67.53 crore. This is a stark contrast from the net profit of Rs 59.05 crore seen in the same period of the previous year, highlighting challenges such as reduced gross margins and the impact of new labor codes.

The company's financial woes were compounded by an exceptional net loss of Rs 55.58 crore this quarter, primarily due to a Rs 29.31 lakh impairment on property, plant, and equipment. Despite these hurdles, Bajaj Electricals managed a before-exceptional items profit of Rs 6.85 crore, with revenue from operations totaling Rs 1,239.52 crore, slightly lower than the previous year's Rs 1,265.47 crore.

In a related filing, the company's board recommended maintaining a 150 percent dividend rate for FY26, equivalent to Rs 3 per share. Meanwhile, shares of Bajaj Electricals ended Friday at Rs 393.85 on the Bombay Stock Exchange, reflecting a 0.78 percent decrease.

(With inputs from agencies.)