ICICI Direct: Bajaj Electricals Delivers An All Round Q2 Performance
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ICICI Direct Report
Bajaj Electricals Ltd. reported strong Q2 FY21 results with top line growth of 11% YoY to Rs 1,217 crore led by strong performance of consumer products segment, which grew a healthy 13% YoY.
Strong demand from semi-urban and rural regions coupled with rise in work from home culture has led to the revival in demand for home appliances in urban India.
On the engineering and project front, closure of power distribution projects in Bihar help drive revenue in Q2 FY21.
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