Bajaj Electricals = QTRLY RESULTS = FOR Q3 FY 2012 = Q/E DEC,2011 = NET SALES UP 15%YoY; NPY -19% YoY = IMPROVED OVER PREVIOUS 2 QTRS = LOWER ON CORRESPONDING QTR.

Bajaj Electricals Limited

NSE Symbol        BAJAJELEC

BAJAJ ELECTRICALS  has declared results for the third quarter ending Dec,2011.

RESULTS TABLE

Bajaj Elect	31-Dec-11	30-Sep-11	%dfi1	30-Jun-11	%dif2	31-Dec-10	%dif3
Net Sales	79286	69862	13.49	54407	45.73	68919	15.04
Other Operating Income	78	218	-64.2	18	333.3	32	143.75
Raw Materials	6557	5173	26.75	5026	30.46	3750	74.85
Traded Goods	53679	48100	11.6	44851	19.68	46587	15.22
Employees Cost	3412	4634	-26.4	3150	8.32	2865	19.09
Depreciation	288	292	-1.37	307	-6.19	266	8.27
Other Expenditure	10106	8107	24.66	7148	41.38	7408	36.42
Total Expenditure	73177	65119	12.37	51716	41.5	62130	17.78
Profit from Operations	6187	4961	24.71	2709	128.4	6821	-9.29
Other Income	213	71	200	67	217.9	70	204.29
Interest	1518	1284	18.22	1067	42.27	926	63.93
Profit before tax	4882	3748	30.26	1709	185.7	5965	-18.16
Tax expense	1598	1246	28.25	600	166.3	1919	-16.73
Net Profit	3284	2499	31.41	1106	196.9	4059	-19.09
Face Value (In Rs	2	2	0	2	0	2	0
Paid Up Equity	1993	1992	0.05	1990	0.15	1977	0.81
Basic EPS	3.3	2.51	31.47	1.12	194.6	4.13	-20.1
Diluted EPS	3.28	2.46	33.33	1.11	195.5	4.05	-19.01
Public holding (%)	34.4	34.39	0.03	35.22	-2.33	35.12	-2.05

Net Sales in Q3 FY 12 stands at Rs.792.86 Cr, up by 13.49% from Q2 FY 12; and up by 45.73% from Q1 FY 12; and up by 15.04% from Q3 FY 11.

Raw Materials Consumption      in Q3 FY 12 stands at Rs.65.57 Cr, up by 26.75% from Q2 FY 12; and up by 30.46 % from Q1 FY 12; and up by 74.85% from Q3 FY 11.

Traded Goods in Q3 FY 12 stands at Rs.    536.79 Cr, up by 11.6% from Q2 FY 12; and up by  19.68% from Q1 FY 12; and up by 15.22% from Q3 FY 11.

Other Expenditure  in Q3 FY 12 stands at Rs.  101.06 Cr, up by 24.66% from Q2 FY 12; and up by 41.38% from Q1 FY 12; and up by 36.42% from Q3 FY 11.

Total Expenditure in Q3 FY 12 stands at Rs.731.77 Cr, up by 12.37% from Q2 FY 12; and up by  41.5% from Q1 FY 12; and up by   17.78% from Q3 FY 11.

Profit from Operations        in Q3 FY 12 stands at Rs.6187 Cr, up by 24.71% from Q2 FY 12; and up by    128.39% from Q1 FY 12; and down by -9.29% from Q3 FY 11.

Interest in Q3 FY 12 stands at Rs.15.18 Cr, up by        18.22% from Q2 FY 12; and up by     42.27% from Q1 FY 12; and up by 63.93% from Q3 FY 11.

Profit before tax in Q3 FY 12 stands at Rs.48.82 Cr, up by 30.26% from Q2 FY 12; and up by  185.66% from Q! FY 12 and down by -18.16% from Q3 FY 11.

Tax expense in Q3 FY 12 stands at Rs.      15.98 Cr, up by   28.25% from Q1 FY 12; and up by  166.33% from Q1 FY 12; and down by -16.73% from Q3 FY 11.

Net Profit in Q3 FY 12 stands at Rs.32.84 Cr, up by 31.41% from Q2 FY 12; and up by 196.93% from Q1 FY 12; and down by   -19.09% from Q3 FY 11.

Basic EPS, in Q3 FY 12 stands at Rs.3.3;Rs.2.51 in Q2 FY12;Rs.1.12 in Q1; and Rs.4.13 in Q3 FY 11. 

The annual EPS may stand around Rs.10.3 – on a Face Value of Rs.2.

The current Market Price is Rs.170;  While the  52 week high price is Rs.296; the 52 week low price is Rs.132.

The PE Ratio is 16.5.While the Result is very good with reference to Q2 and q1 of FY 12; it is slightly lower with reference to Q3 FY 11.

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