BAJAJELEC

March 18 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• BAJAJ ELECTRICALS LTD - GST AUTHORITY IMPOSES TOTAL DEMAND OF 36.2 MILLION RUPEES INCLUDING 3.3 MILLION RUPEES PENALTY

Source text: ID:nBSE6SwY5X

Further company coverage: BJEL.NS

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March 16 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• BAJAJ ELECTRICALS - EXECUTES DEAL TO BUY TRADE MARKS, GOODWILL,DOMAIN NAMES OF MORPHY RICHARDS BRAND IN TERRITORIES

• BAJAJ ELECTRICALS LTD - TOTAL CONSIDERATION COST FOR ACQUISITION IS 1.68 BILLION RUPEES

• BAJAJ ELECTRICALS LTD - ACQUISITION APPLIES TO INDIA, NEPAL, SRI LANKA, BANGLADESH, MALDIVES, BHUTAN

Source text: ID:nNSE2tYNqn

Further company coverage: BJEL.NS

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By Praveen Paramasivam

CHENNAI, March 12 (Reuters) - Indian households are rushing to buy electric induction stoves, draining stocks online and in stores, amid fears of a potential cooking gas shortage tied to the Middle East conflict.

India, the world's ​second-largest importer of liquefied petroleum gas (LPG), has invoked emergency powers to boost supplies for households even as availability tightens for commercial users including canteens, hostels and restaurants.

Meanwhile, consumers are buying electric cooking appliances as a precaution, with some households worried about refill delays and higher prices.

Checks by Reuters on Thursday showed several induction stove models were unavailable on Amazon AMZN.O, Walmart-backed WMT.O Flipkart, Eternal's ETEA.NS Blinkit and Zepto, while some offline chains said fresh supplies were still days away.

Induction stove sales on Amazon India have jumped more than 30-fold, while rice cookers and electric pressure cookers are up fourfold, a company spokesperson said.

Kitchen appliances maker TTK Prestige TTKL.NS said demand for induction stoves had surged far beyond supply.

"There is a threefold surge (in demand)," CEO Venkatesh Vijayaraghavan told Reuters.

The company has raised its production capacity to 100% from about 70% before the start of the war, and increased staffing by roughly 15%. It also plans to raise prices of induction stoves in the June quarter to offset any higher costs.

Induction stoves accounted for about a tenth of TTK's 25.30 billion rupees ($274.52 million) standalone revenue in 2024–25.

Online shopping platforms also showed models from Butterfly CROP.NS, Havells India HVEL.NS and Bajaj Electricals BJEL.NS marked as "currently unavailable".

Google Trends showed search interest for induction stoves hit a record high on March 12, while some restaurant chains, including Wow Momo and California Burrito, said they were exploring induction stoves as a contingency plan.

Anand Rathi analyst Manish Valecha said large kitchen appliance makers with domestic assembly and strong distribution, including TTK Prestige, Butterfly and Stove Kraft STOE.NS, are best placed to benefit from the surge in induction cooktop demand. But reliance on imported components could pose supply risks if the spike persists, he added.

TTK Prestige will switch from sea shipments to airlifting components sourced from China and Southeast Asia, absorbing higher costs to ensure supplies if disruptions persist, Vijayaraghavan said.

The Middle East conflict has disrupted shipping through the Strait of Hormuz and the Gulf, raising costs and tightening oil and gas supplies from the Middle East. O/R

On Thursday, the Suezmax tanker Shenlong reached Mumbai with Saudi crude, becoming the first crude carrier to arrive in India from the Middle East since the war between Iran and the United States and Israel erupted in late February, LSEG data showed.

($1 = 92.1625 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai; Editing by Dhanya Skariachan and Leroy Leo)

((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))

Feb 9 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• BAJAJ ELECTRICALS LTD - APPROVED SALE OF OFFICE PREMISES IN MUMBAI FOR 265.3 MILLION RUPEES

Source text: ID:nBSE7pcRRy

Further company coverage: BJEL.NS

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Feb 3 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• BAJAJ ELECTRICALS LTD - LAUNCH OF BAJAJ SECURA WIRES, MARKING ENTRY INTO WIRES SEGMENT

Further company coverage: BJEL.NS

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** Shares of Bajaj Electricals BJEL.NS rise 7.4% to 453 rupees, their biggest intraday pct-gain since May 2025

** Electric appliances maker to foray into wires segment as a new business line

** Co plans to launch product shortly and assess market to ascertain investment required

** Stock rated "buy" on avg; median PT 558 rupees - data compiled by LSEG

** Stock down 37.8% in 2025

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

Dec 17 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• DECIDED TO ENTER INTO THE ‘SOLAR SOLUTIONS’ BUSINESS

Source text: [ID:]

Further company coverage: BJEL.NS

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** Bajaj Electricals BJEL.NS jumps 6.3% to 518 rupees

** Stock of consumer durables manufacturer on track for best session since May 12

** Co has put its loss-making Nirlep cookware unit for sale to focus on the core consumer electronics segment, ET reports citing two industry executives

** BJEL did not immediately respond to a Reuters request for comment

** The Bajaj family has sounded out potential buyers and talks are at an initial stage, according to the report

** Stock rated "buy" on avg by 16 analysts covering it; median PT at 587 rupees - data compiled by LSEG

** YTD, BJEL down 33%

(Reporting by Komal Salecha)

((Komal@thomsonreuters.com;))

** Consumer durables manufacturer Bajaj Electricals BJEL.NS jumps 13.1% to 652.4 rupees

** Co's board approves proposal to acquire kitchen appliances brand 'Morphy Richards' in India and other South Asian regions from Glen Electric for 1.46 billion rupees ($16.46 million)

** BJEL on track to gain the most in a day since May 12

** YTD, BJEL shares down ~16%

($1 = 88.6900 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

((Ananta.Agarwal@thomsonreuters.com))

Sept 23 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• BAJAJ ELECTRICALS LTD - BOARD APPROVES ACQUISITION OF 'MORPHY RICHARDS' BRAND

• BAJAJ ELECTRICALS LTD - ACQUISITION VALUED AT 1.46 BILLION RUPEES

Source text: ID:nBSE4p3B0

Further company coverage: BJEL.NS

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** Shares of Bajaj Electricals BJEL.NS fall 3.9% to 591.15 rupees

** Consumer appliances maker posts 96.8% slump in Q1 profit on weak demand and a one-time charge

** Co's shares slipped 2.7% after the results on Thursday

** Ambit Institutional Equities ("buy", PT cut to 767 rupees) trims FY27 revenue estimates by 5%, says exploring strategic options to restructure Nirlep cookware business has not resulted in synergies

** 11 analysts covering the stock have a "buy" rating on average; median PT is 708.5 rupees - data complied by LSEG

** Stock down ~23% YTD

(Reporting by Urvi Dugar)

((UrviManoj.Dugar@thomsonreuters.com;))

Aug 7 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• BAJAJ ELECTRICALS Q1 CONSOL NET PROFIT 9.1 MILLION RUPEES

• BAJAJ ELECTRICALS Q1 CONSOL TOTAL REVENUE FROM OPERATIONS 10.65 BILLION RUPEES

Further company coverage: BJEL.NS

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July 9 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• CO GETS ORDER WAIVING INTEREST AND PENALTY

Source text: ID:nNSE7QbD6h

Further company coverage: BJEL.NS

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June 6 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• RECEIVES ORDER IMPOSING ANTI-DUMPING DUTY

• ORDER LEVIES PENALTY OF 13.2 MILLION RUPEES

Source text: ID:nBSE4qrV1h

Further company coverage: BJEL.NS

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** Shares of Bajaj Electricals Ltd BJEL.NS rise as much as 17.8% to 624.35 rupees

** Appliances maker's Q4 consol net profit more than doubled y/y to 590.5 mln rupees; total rev up 6.5% y/y

** Adds, bigger consumer products segment rev up 8.4% y/y

** Co records an exceptional gain of 213.7 mln rupees as part of liquidation of few properties

** More than 1.5 mln shares traded as of 2:34 p.m. IST, 13.2x their 30-day moving avg

** Mean rating of stock is 'hold'; their median PT is 815 rupees - data compiled by LSEG

** BJEL last up 14.2%, cutting YTD losses to ~31%

(Reporting by Meenakshi Maidas in Bengaluru)

((meenakshi.maidas@thomsonreuters.com;))

April 16 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• BAJAJ ELECTRICALS LTD - ENTERS AGREEMENT WITH SEAK S.R.O.

• BAJAJ ELECTRICALS LTD - SEAK TO SUPPLY LIGHTING CONTROL PRODUCTS TO BAJAJ ELECTRICALS

• BAJAJ ELECTRICALS LTD - PRODUCTS TO BE USED FOR TUNNEL LIGHTING PROJECTS IN INDIA

Source text: ID:nNSE60TtxJ

Further company coverage: BJEL.NS

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March 19 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• TO FORM WHOLLY-OWNED SUBSIDIARY IN UAE

• TO EXPLORE SETTING UP MANUFACTURING UNIT IN INDIA WITH CAPEX OF 3 BILLION RUPEES

Source text: ID:nBSE9nVKyQ

Further company coverage: BJEL.NS

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March 12 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• APPELLATE AUTHORITY RULES IN FAVOR OF CO, DROPS 110.5 MILLION RUPEES DEMAND

Source text: ID:nNSE73cpCn

Further company coverage: BJEL.NS

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Feb 28 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• BAJAJ ELECTRICALS LTD - RECEIVES ASSESSMENT ORDER FROM GST AUTHORITY

• BAJAJ ELECTRICALS LTD - TOTAL DEMAND OF 26.9 MILLION RUPEES IMPOSED

Source text: ID:nNSE6w60N2

Further company coverage: BJEL.NS

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Feb 26 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• BAJAJ ELECTRICALS LTD - APPEAL AUTHORITY UPHOLDS TAX ORDER, CO TO PAY 1.9 MILLION RUPEES

Source text: ID:nNSE961MJW

Further company coverage: BJEL.NS

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Feb 4 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• BAJAJ ELECTRICALS Q3 CONSOL NET PROFIT 333.6 MILLION RUPEES; IBES EST. 323.9 MILLION RUPEES

• BAJAJ ELECTRICALS Q3 CONSOL TOTAL REVENUE FROM OPERATIONS 12.9 BILLION RUPEES; IBES EST. 12.86 BILLION RUPEES

Source text: [ID:]

Further company coverage: BJEL.NS

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Aug 6 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• Q1 CONSOL NET PROFIT 281.1 MILLION RUPEES, IBES EST. 323 MILLION RUPEES

• Q1 CONSOL TOTAL REVENUE FROM OPERATIONS 11.55 BILLION RUPEES

Further company coverage: BJEL.NS

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Bajaj Electricals Ltd BJEL.NS:

• BAJAJ ELECTRICALS LTD- ANUJ PODDAR RESIGNED AS MD, CEO

Source text for Eikon: ID:nBSEgNTyB

Further company coverage: BJEL.NS

BENGALURU, May 14 (Reuters) - Consumer appliances maker Bajaj Electricals BJEL.NS reported a fourth straight quarter of profit decline on Tuesday, missing estimates due to sluggish demand for its lights, water heaters and kitchen appliances.

The Mumbai-based company said consolidated net profit fell to 293.1 million rupees ($3.5 million) for the three months ended March 31, from 518.5 million rupees a year earlier.

Analysts, on average, had expected a profit of 573.2 million rupees, as per LSEG data.

Revenue from its lighting products segment fell 11.3% to 2.71 billion rupees, while revenue from the segment that makes air coolers, fans, room heaters and kitchen appliances, reported a drop of 7% as consumers postponed discretionary purchases amidst persistent inflation.

Sales in its lighting products segment dropped due to lower prices of LED products in consumer lighting and a higher base effect in professional lighting, the company said in a statement.

Additionally, the company approved a proposal to borrow funds through the issuance of non-convertible debentures, up to an amount not exceeding 5 billion rupees, via private placement.

The board also recommended a dividend of 3 rupees per share for the fiscal year ended March.

Shares of Bajaj Electricals closed 3% higher on Tuesday and are down 4% so far this year.

($1 = 83.5064 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))

Bajaj Electricals Ltd BJEL.NS:

• BAJAJ ELECTRICALS LTD - GETS GST DEMAND ORDER WORTH 11.1 MILLION RUPEES

Source text for Eikon: ID:nBSE3SZGlD

Further company coverage: BJEL.NS

April 30 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• GETS TAX ORDER FROM ASSISTANT COMMISSION, WEST BENGAL WITH GROSS DEMAND 29.5 MILLION RUPEES INCLUDING PENALTY 1.4 MILLION RUPEES

Source text for Eikon: ID:nBSESSxPL

Further company coverage: BJEL.NS

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BENGALURU, Feb 5 (Reuters) - India's Bajaj Electricals BJEL.NS reported its third consecutive drop in quarterly profit on Monday, as high inflation dampened festive spending and rural demand remained subdued.

Consolidated net profit slumped nearly 40% to 373.6 million rupees ($4.5 million) for the three months ended Dec. 31, following declines of 56% and 14% in the previous two quarters.

The October-December period typically marks the festival season in India, during which consumers traditionally splurge on non-discretionary products. However, demand was subdued in the latest quarter due to elevated inflation levels, which restrained expenditure on non-essential items, in both rural and urban areas, analysts said.

While the likes of Voltas VOLT.NS and Blue Star BLUS.NS benefited from demand for air coolers and fans due to warmer-than-usual temperature in the quarter, companies such as Havells HVEL.NS were hit by slowing sales of other home appliances.

"Consumer products continue to show signs of rural stress and weak consumer demand," Bajaj Electricals said in a statement.

Bajaj Electricals' total revenue fell 6.2% to 12.28 billion rupees, marking the third consecutive quarter of decline.

Sales of consumer products, which accounted for nearly 80% of revenue, dropped 8%, while sales of lighting products barely increased about 1%.

The Mumbai-based company's input costs increased 4.8% to 1.24 billion rupees.

($1 = 83.0386 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Dhanya Ann Thoppil)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

Dec 7 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• RECEIVED ORDER FROM OFFICE OF ASST. COMMISSIONER OF INCOME TAX

• CO GETS REFUND OF 111.7 MILLION RUPEES

Source text for Eikon: ID:nBSE95wDZy

Further company coverage: BJEL.NS

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Nov 8 (Reuters) - Bajaj Electricals Ltd BJEL.NS:

• BAJAJ ELECTRICALS LTD - RECEIVED ORDER FROM OFFICE OF ASST. COMMISSIONER OF INCOME TAX GIVING EFFECT TO ORDER OF BOMBAY HIGH COURT

• BAJAJ ELECTRICALS LTD - RECEIVED ORDER REGARDING SCHEME OF DEMERGER BETWEEN HIND LAMPS, CO

• BAJAJ ELECTRICALS LTD - RECEIVED ORDER RESULTING IN REFUND OF 150.4 MILLION RUPEES FOR ASSESSMENT YEAR 2014-15

Source text for Eikon: ID:nBSE31SQ5f

Further company coverage: BJEL.NS

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BENGALURU, Nov 6 (Reuters) - India's Bajaj Electricals BJEL.NS posted a 56% fall in its second-quarter profit on Monday, hurt by pricing pressures due to stiff competition and muted demand caused by a delayed festive period.

Its consumer products business, which includes appliances like grinders and microwaves and constitutes more than three-fourths of the total revenue, contracted by 2.9% year-on-year while its lighting business fell 7.4%.

Chairman Shekhar Bajaj, in a statement, blamed weak consumer demand and pricing constraints for the fall in the revenue in both businesses.

The kitchen appliances industry is witnessing heightened competitive pressure with the entry of fast-moving electric goods players with aggressive price points, forcing traditional players to resort to heavy discounts.

Margins in the consumer products unit were "under pressure due to price discounting in a weak environment", the company said in its earnings presentation.

Bajaj Electricals' consolidated net profit fell to 272.8 million rupees ($3.28 million) in the July-September quarter, from 620 million rupees a year earlier.

The festive season, when most Indians splurge, including on electronic items, was also delayed by a month to October this year, hurting sales in multiple consumer-facing firms.

As a result, the Mumbai-based company's revenue from operations fell nearly 4% to 11.12 billion rupees.

Bajaj Electricals shares dropped as much as 4.6% after the results, but recovered to close up 0.5%.

($1 = 83.2100 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru; Editing by Savio D'Souza)

((ashish.chandra@thomsonreuters.com; +91 7982114624;))