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Bajaj Electricals expects revenue growth of 22% for FY14 and FY15

25 Jan 2014 Evaluate

Bajaj Electricals is confident of clocking a 22% revenue growth for FY14 and similar growth in FY15 too. The company is hopeful of seeing a turnaround in their Engineering & Projects (E&P) business segment in FY15 after completion of all their earlier projects. For the last many years the company has posted losses from that segment.

Besides, in a bid to ramp up its growth, the company is all set to focus on non-electrical products and exports. Non-electrical products such as pressure cookers and gas stoves currently have a share of Rs 80 crore in the company’s last fiscal’s turnover of Rs 3,387 crore.

Bajaj Electricals (BEL), part of the Rs 20000 crore Bajaj Group, is engaged in business appliances, fans, lighting, luminaries and engineering and projects.

Bajaj Electricals Share Price

391.55 3.70 (0.95%)
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