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However, the company saw strong operational growth, with EBITDA surging 51.6% YoY to ₹87.3 crore, up from ₹57.6 crore in Q3 FY23.
Revenue for the quarter grew 5% YoY to ₹1,289.7 crore, driven by steady demand across its consumer products and lighting segments.
Also read: Asian Paints Q3 Results: Underperforming Nifty stock surges to day’s high ahead of resultsThe company also saw a significant improvement in margins, with EBITDA margin expanding to 6.8%, compared to 4.7% in Q3FY23, reflecting improved cost efficiencies and product mix optimisation.
Following the results, Bajaj Electricals’ shares gained 1.89%, trading at ₹734.00 on the BSE at 1:48 PM.
Also read: Godrej Properties Q3 Results: Business development guidance met; booking value at 71% of target
