Bajaj Electricals has reported strong financial results for the second quarter of FY27, with profit after tax soaring 2.6 times to ₹26 crore. Revenue from operations saw a modest 1.5% increase to ₹1,123 crore. The company also announced significant leadership changes, including the planned cessation of Mr. Shekhar Bajaj as Executive Chairman and Whole-time Director, and his continuation as Non-Executive Non-Independent Director.
Bajaj Electricals Posts Resilient Q2 FY27 Results
Bajaj Electricals Limited has announced its financial results for the quarter ended September 30, 2026 (Q2 FY27), showcasing a significant improvement in profitability. The company reported a total comprehensive income of ₹32 crore, a more than 5.7 times increase compared to the same period last year. Profit after tax (PAT) surged by 2.6 times to reach ₹26 crore.
Revenue and Profitability Highlights
Revenue from operations for the second quarter of FY27 stood at ₹1,123 crore, a growth of 1.5% over the previous year’s corresponding quarter (₹1,107 crore). Profit before tax (PBT) also saw a substantial improvement, rising to ₹35 crore from ₹16 crore in the prior year’s second quarter. Company EBIT increased by 51% to ₹50 crore.
Segment Performance
The Consumer Products (CP) segment reported total revenue of ₹853 crore, a growth of 2.4% over the corresponding quarter of the previous year. The CP segment recorded an EBIT of ₹34 crore, compared to ₹7 crore in the previous year’s quarter. The Lighting Solutions (LS) segment, however, experienced a slight degrowth of 1.3% in revenue, with total revenue at ₹271 crore against ₹274 crore in the prior year’s quarter. LS recorded an EBIT of ₹8 crore, down from ₹22 crore in the corresponding quarter of the previous year.
Leadership Transition
In a significant governance move, the Board of Directors has approved the cessation of Mr. Shekhar Bajaj from his executive positions as Executive Chairman and Whole-time/Executive Director, effective December 31, 2026. He will continue as a Director of the Company in a Non-Executive, Non-Independent capacity from January 1, 2027, subject to shareholder approval. The Board has also approved conferring upon him the title of ‘Chairman Emeritus’ for a term of five years, effective January 1, 2027.
Additionally, Mr. Sanjay Sachdeva’s tenure as Managing Director & Chief Executive Officer is set to conclude on March 31, 2027, with proposals for his re-appointment for a further five-year term from April 1, 2027, to March 31, 2032, along with revisions to his remuneration, pending shareholder approval.
Financial Position
The company maintains a strong balance sheet, with cash equivalents and surplus investments totaling ₹845 crore.
Source: BSE
