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Bajaj Electricals Limited Q1 FY26 earnings call summary

NSE: BAJAJELEC · BSE: 500031

Earnings call of 7 Aug 2025, summarised by AI from the filing.

Bajaj Electricals Q1 FY26: Lighting EBIT at record 10.6%, but seasonal products drag overall performance.

Key takeaways

  1. Lighting EBIT 10.6% in Q1 FY26, the highest ever since the vertical was crafted in 2022.
  2. Switchgear target Targeting 10% to 15% contribution to Lighting revenue from switchgear by this financial year.
  3. Seasonal drag Coolers degrew around 45% and fans declined double digits due to early monsoon.
  4. Non-seasonal growth Non-seasonal revenues up in high single digits, with high double-digit growth in most categories.
  5. Nirlep drag In-principle approval taken to restructure Nirlep, which currently drags financial results.

Original filing on BSE

Bajaj Electricals Limited Q1 FY27 results

As filed: Revenue ₹1,089 cr (+2% year on year), EBITDA ₹77.5 cr (+128% year on year), PAT ₹48.4 cr (+300% year on year), EBITDA margin 7.1% (+393 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹1,240 cr (−2% year on year), EBITDA ₹40.0 cr (−57% year on year), PAT −₹67.5 cr (−93% year on year), EBITDA margin 3.2% (−413 bps). Score 32 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA and profit before exceptional items growth were well below it. EBITDA margin fell 413 bps year on year. Share price after the results: −20.9% in 28 days (Nifty 500: +0.3%).
  • Q3 FY26: Revenue ₹1,051 cr (−19% year on year), EBITDA ₹12.9 cr (−85% year on year), PAT −₹34.1 cr (−145% year on year), EBITDA margin 1.2% (−552 bps). Score 12 of 100, Below trend. Revenue, EBITDA and profit before exceptional items growth were well below the company's own trend. EBITDA margin fell 552 bps year on year. Revenue fell 5% from last quarter. Share price after the results: −7.9% in 30 days (Nifty 500: −5.9%).
  • Q2 FY26: Revenue ₹1,107 cr (−1% year on year), EBITDA ₹62.0 cr (+19% year on year), PAT ₹10.0 cr (−23% year on year), EBITDA margin 5.6% (+95 bps). Score 38 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA growth was above it; profit growth was below it. EBITDA margin rose 95 bps year on year. Other income 40% of PBT. Consolidated profit -23% but standalone +15%. Share price after the results: −8.9% in 28 days (Nifty 500: +0.4%).
  • Q1 FY26: Revenue ₹1,065 cr (−8% year on year), EBITDA ₹34.0 cr (−55% year on year), PAT ₹1.0 cr (−76% year on year), EBITDA margin 3.2% (−330 bps). Score 14 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA and profit before exceptional items growth were well below it. EBITDA margin fell 330 bps year on year. Other income 1500% of PBT. Tax rate 50%. Revenue fell 16% from last quarter. Share price after the results: −4.5% in 29 days (Nifty 500: +0.7%).
  • Q4 FY25: Revenue ₹1,265 cr (+6% year on year), EBITDA ₹93.0 cr (+86% year on year), PAT ₹59.0 cr (+108% year on year), EBITDA margin 7.4% (+314 bps). Score 83 of 100, Above trend. Revenue growth was above the company's own trend; EBITDA and profit before exceptional items growth were well above it. EBITDA margin rose 314 bps year on year. Share price after the results: +27.2% in 30 days (Nifty 500: +7.7%).
  • Q3 FY25: Revenue ₹1,290 cr (+5% year on year), EBITDA ₹87.0 cr (+53% year on year), PAT ₹33.0 cr (−11% year on year), EBITDA margin 6.7% (+210 bps). Score 56 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was well above it; profit growth was below it. EBITDA margin rose 210 bps year on year. Other income 29% of PBT.
  • Q2 FY25: Revenue ₹1,118 cr (0% year on year), EBITDA ₹52.0 cr (−9% year on year), PAT ₹13.0 cr (−52% year on year), EBITDA margin 4.7% (−47 bps). Score 9 of 100, Below trend. EBITDA margin fell 47 bps year on year. Other income 100% of PBT. Tax rate 13%. Not enough history for a trend yet: scored on growth alone. Revenue fell 3% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Bajaj Electricals Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.