Bajaj Electricals Ltd. - Interim / Quarterly Report 2025

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Electricals

BAJAJ

February 4, 2025

To, BSE Limited National Stock Exchange of India Limited Department of Corporate Services Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, Sandra Kurla Complex, Dalal Street Mumbai 400 001 Sandra (East), Mumbai 400 051 Code No. 500031 BAJAJELEC - Series: EQ

Dear Sir/Madam,

Sub.: Outcome of the Board Meeting of Bajaj Electricals Limited (the "Company") held today i.e., on Tuesday, February 4, 2025 ("Meeting")
A. Unaudited Financial Results of the Company for the third quarter and nine months ended December 31. 2024:

Further to our letter dated January 20, 2025, and pursuant to the provisions of Regulations 30 (read with Part A of Schedule Ill) and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations"), we enclose herewith the Unaudited Standalone and Consolidated Financial Results of the Company for the third quarter and nine months ended December 31, 2024, along with the Limited Review Reports as provided by the Statutory Auditors thereon, which were approved and taken on record by the board of directors of the Company at its aforesaid Meeting.

B. Approval and Ratification of the payment of Minimum Remuneration to Mr. Anuj Poddar (DIN:01908009). former Managing Director & Chief Executive Officer. for FY 2024-25:

We hereby inform you that, at the aforesaid Meeting, the Board approved and ratified the payment of minimum remuneration to Mr. Anuj Poddar, former Managing Director & Chief Executive Officer of the Company, for the financial year 2024-25, based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee. This approval is subject to the consent of the shareholders.

The shareholders' approval for the aforementioned payment will be sought via a postal ballot, and the requisite details regarding the process will be communicated in due course.

The Meeting commenced at 11 :15 A.M. and concluded at01: 15 P.M.

We request you to take the above on record and treat the same as compliance under the applicable provisions of the SEBI Listing Regulations.

Thanking you,

Yours faithfully, i�tricals Limited Prashant Dalvi

Chief Compliance Officer & Company Secretary (ICSI Membership No.: A 51129)

Encl.: As above.

Corporate Office: Mulla House 51, Mahatma Gandhi Road, Mumbai - 400001 Tel: +91 22 6149 7000 I www.bajajelectricals.com

Registered Office: 45/47, Veer Nariman Road, Fort, Mumbai 400001. Tel: +91 22 6110 7800 I Email: [email protected] I CIN: L31500MH1938PLC009887

bii group

SR BC& COLLP Chartered Accountants

12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai - 400 028, India

Tel: +91 22 6819 8000

Independent Auditor's Review Report on the Quarterly and Year to Date· Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors Bajaj Electricals Limited

We have reviewed the accompanying statement of unaudited standalone financial results of Bajaj Electricals Limited (the "Company") for the quarter ended December 31, 2024 and year to date April 01, 2024 to December 31, 2024 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For S R B C & CO LLP Chartered Accountants

ICAI Firm registrat"on number: 324982E/E300003

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Per Aruna Kumaraswamy Partner Membership No.: 219350 UDIN: 25219350BMMAAD8965 Mumbai, February 04, 2025

Page 1 of 1

S RB C & CO LLP, a Limited liability Partnership with LLP Identity No. AAB-4318 Regd_ Office: 22, Camac Street, Block 'B', 3rd floor, Kolkata-700 016

Bajaj Electricals Limited

CIN L31500MH1938PLC009887 Registered Office: 45/47, Veer Nariman Road, Mumbai - 400 001 Tel. 022-61497000 Website http://www.bajajelectricals.com Email [email protected]

STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER 2024

Sr.No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Pariculars Revenue from continuing operations (a) Net sales (b) Other operating income Total Revenue from operations Other income (refer note 3) Total Income (1 + 2) Expenses (a) Cost of raw materials consumed (b) Purchase of traded goods (c) Changes in inventories of finished goods, work-in-progress and traded goods (d) Erection & Subcontracting Expenses (e) Employee benefits expense (f) Depreciation and amortisation expense (g) Other expenses (refer note 4) (h) Finance Costs Total Expenses Profit before tax from continuing operations (3 - 4) Tax Expense / (Credit) from continuing operations Current Tax Deferred Tax (refer note 1 and 5) Adjustment of tax relating to earlier periods Total Tax Expense/ (Income) from continuing operations Net profit for the period / year from continuing operations (5 - 6) Profit/ (loss) before tax from discontinued operations (refer note 2) Tax expense_I_(Credit) from discontinued operations Net profitI(loss) for the period / year from discontinued operations (8- 9) Net Profit for the period/ year (7 + 10) Other comprehensive (income)/ loss, net of income tax from continuing operations Items lllat will be reclassified to profit or loss (net of tax) Items lat will not be reclassified to profit or loss (net of tax) Total other comprehensive (income)/ loss, net of income tax Other comprehensive (income)/ loss, net of income tax from discontinued operations Items that will be reclassified to profit or loss (net of tax) Items that will not be reclassified to profit or loss (net of tax) Total other comprehensive (income)/ loss, net of income tax Total comnrehensive income for the neriod / vear 111 - 12 Paid-up equity share capital (Face value of Rs. 2/-) Reserve excludinQ revaluation reserves Networth Earnings per share (not annualised) (Face value of Rs. 2/-) (a) Basic for continuing operations (b) Diluted for continuing operations (c)Basic for discontinued operations (d) Diluted for discontinued operations (e) Basic for continuinq and discontinued operations liflDiluted for continuinaand discontinued oaerations	Quarter ended	Quarter ended	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)
Sr.No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 l			Nine months ended				Year ended
	31-Dec-24 30-Sep-24		31-Dec-23 31-Dec-24 31-Dec-23				31 -Mar-24
	(Unaudited) 1,28,631 341 1 28 972	(Unaudited) 1,11,462 371 1 11 833 (Unaudited) (refer note 1) 1,22,599 225 1 22 824	(Unaudited) (refer note 1)		(Unaudited) (Unaudited) (Audited) (refer note 1) (refer note 2) 3,55,318 3,44,137 4,62,235 978 1,182 1892 3 56 296 3 45 319 4 64 127		(Audited) (refer note 2)
					3,55,318 978 3 56 296			4,62,235 1892
							9	4 64 127
	1,279 1 30 251	1,519 1 13 352 13,844 72,590 (9,545) 943 9,234 3,479 19,606 1 729 4 273 1 27 097 12,413 68,704 5,521 466 9,582 2,954 20,374 2 035			3 860 3 60 156 41,141 2,01,022 1,211 2,844 28,503 10,283 60,131 5 178	6,401 3 51720 39,516 1,90,503 12,073 1,516 28,209 7,939 52,507 4 592	1 0	8 647 4 72 774
	13,986 72,288 1,635 893 9,948 3,608 21,480 1 871							51,349 2,56,675 18,060 2,621 36,493 10,958 72,960 6 348
	125,709 4 542 1,501 (295)	1 11 880 1472		122 049 5 048	3 50 313 9,843	3 36 855 14.865		4 55 464 17 310
		717 (535)		1,358 (46)	3,383 4,413 (977) (216) 11			5,720 (2,009) 11
	1,206	182		1.312	2 406 4,208			3.722
	3 336 - -	1 290 - -
				3 736 7.437 10 657 - (553) - 11441 - . (409)				13 588 (553) 11441 (409)
	~~-~~
	3 336 1 290 . (13) . 1294) ~~.~~ 13071 . . . 3 736 7 437 10 248 7 (1 (294) 18 111 .... 26 . - 1711							13179 7 55 62 . 171
	~~.~~ . .	13071 . 111 . -
	~~-~~	~~-~~		~~.~~	~~.~~ 1711			'11
	'33� 2.89 2.89 - 2.89 2 so	1 597 1.12 1.12 1.12 1 1?		3 737 3.25 3.24 - . 3.25 S ?A	7 731 10 794 13 188 2,304 1,41,006 1,45,501 6.45 9.26 11.81 6.44 9.24 11.79 (0.36) (0.36) (0.36) (0.36) 6.45 8.90 11.45 AAA 888 11_AS_

SIGNED FOR IDENTIFICATION BY .f\ll-SR BC & CO LLP MUMBAI

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Notes to the standalone financial results:

1) In the previous year ended, March 31, 2024, the Hon'ble National Company Law Tribunal, Mumbai Bench, vide its order dated March 01, 2024 ("Order") passed in the matter of Company Scheme Petition No. C.P (C.A.A)/250(MB)2023 connected with C.A. (CAA)/246(MB)2022) ("Petition") in respect of the Scheme, has inter-alia approved the Scheme of Merger by Absorption of Nirlep Appliances Private Limited ("Transferor Company") with Bajaj Electricals Limited ("Transferee Company") and their respective shareholders under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ("Scheme").

Accordingly, the Company had accounted for the merger under the pooling of interest method retrospectively for all periods/year presented as prescribed in IND AS 103 Business Combinations of entities under common control. Accordingly, the period for nine months and quarter ended December 31, 2023 numbers have been restated. The summary of the restatement is as below

Parculars	Quarer ended Nine months ended 31-Dec-23 31-Dec-23 Repored Restated Repored Restated
Total Revenue from operations	1,22,879 1,22,824 3,45,357 3,45,319 5,103 5,048 16,028 14,865
Profit before tax from continuing operations
Net profit for the period / year from continuing operations	3,792 3,736 11,878 10,657
Profit / (loss) before tax from discontinued operations	~~-~~ (553) (553)
Net profit / (loss) for the period / year from discontinued operations	~~-~~ ~~-~~ (409) (409) 3,792 3,736 11,469 10,248 g (1) 22 25 (71) (71) 3,792 3,737 11,518 10,294
Net Profit for the period / year Total other comprehensive (income) / loss, net of income tax from continuin operations Total other comprehensive (income) / loss, net of income tax from discontinued operations Total comprehensive income for the period/ year

Additionally, subsequent to the merger, the Company had deemed brought forward losses of Nirtep Appliances Private Limited and temporary differences on Property, Plant and Equipment as recoverable in tax and hence had credited an amount of Rs 1,010 lakhs to the tax charge for the year/quarter ended March 31, 2024

2) During the previous year, the Scheme of Arrangement between Bajaj Electricals Limited ("□emerged Company") and Bajel Projects Limited ("Resulting Company") and their respective shareholders ("Scheme") became effective after regulatory approvals and conditions precedents. Accordingly, effect of the de-merger has been considered in the standalone financial results for the year ended March 31, 2024. Further as required by the scheme, the assets and liabilities relating to the demerged undertaking including cash generated by the said business from the appointed date of 1st April, 2022 amounting to Rs. 23,843 lakhs have been de-recognised from the books from the effective date of September 1, 2023 and have been adjusted against the retained earnings by Rs. 56,850 lakhs, in the said standalone financial results. The results of the demerged business before the effective date for all the periods/year presented are disclosed as Discontinued operations.

Pariculars Total assets transferred Total liabilities transferred Net impact in retained earnings	Amount 1,00,086
	43,236 56,850

3) During the quarter ended December 31, 2023 and year ended March 31, 2024, the Company had received an income tax refund order of Rs. 6,006 lakhs and Rs.12,577 lakhs, including interest on income tax refunds of Rs. 3,628 lakhs Rs. 4.056 lakhs. respectively. The said interest was recorded as other income in the above standalone financial results. The same has been presented as an unallocable income in segment reporting.
4) The Company has launched several new products in the last two years and had began insuring warranty claims. Majority of warranty on sales are insured. In the previous quarter ended December 31, 2023, the Company re-assessed the warranty on all products and accordingly had booked an additional provision of Rs. 2,300 lakhs, which is accounted under other expenses.
5) Pursuant to change in tax rate on long term capital gain and withdrawal of the indexation benefit on long term capital gains on enactment of the Finance Act 2024, the Company has reassessed deferred tax asset/ liabilities on land which have been fair valued in earlier years resulting in a net reduction of Rs. 215.67 lakhs considered as a one time cumulative true up while computing the profit after tax for the quarter ended September 30, 2024.
The above standalone results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on February 4, 2025.
7) These standalone financial results are available on the Company's website viz. www.bajajelectricals.com and on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com).

SIGNED FOR IDENTIFIC ATION BY S R BC & CO LLP MUMBAI

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Bajaj Electricals Limited

CIN. L31500MH1938PLC009887 Registered Office: 45/47, Veer Nariman Road, Mumbai -400 001

Tel. 022-61497000 Website . http:/iwww.bajajelectricals.com Email: [email protected]

STANDALONE SEGMENTWISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER AND NINE MONTHS ENDED 31st DECEMBER 2024

			(Rs. In Lakhs)	(Rs. In Lakhs)	(Rs. In Lakhs)	(Rs. In Lakhs)
Sr. No A) 1 2 B) C) D) Pariculars CONTINUING OPERATIQNS Segment Revenues A) Consumer Products B) Lighting Solutions Revenue from Operations Segment Profit before Tax and Finance cost A) Consumer Products B) Lighting Solutions Less: A) Finance Cost B) Other un-allocable expenditure net of unallocable income (refer note 3) Profit before tax from continuing operations DISCQNTINUED OPERATIONS (EPC! jrefer note 2l Revenue from discontinued operations Segment Profit/ (Loss) before Tax and Finance cost Profit/ (loss) before tax from discontinued operations Segment Assets A) Consumer Products B) Lighting Solutions C) Assets as classified as Discontinued Operations (EPC) D) Unallocable / Corporate Assets Total Segment Liabilities A) Consumer Products B) Lighting Solutions C) Liabilities directly associated with Discontinued Operations (EPC) D) Unallocable/ Corporate Liabilities Total	Pariculars	Quarter ended		Nine months ended Year ended
		31-Dec-24 30-Seo-24 (Unaudited) (Unaudited)	31-Dec-23	31-Dec-24	31-Dec-23 31-Mar-24
			(Unaudited) (refer note 1)	(Unaudited) 2,81,188 75,108	(Unaudited) (refer note 1) 2,68,683 76,636 3,45,319 9,787 5,647 15,434 4,592 (4,023) (Audited) (refer note 2) 3,60,390 1,03,737 4,64,127 11,422 7.961 19,383 6,348 (4,275)
		1.03,845 86,827 25,127 25,006	95,666 27,158
		1,28,972 1,11,833 5,199 886 528 1,490 5,727 2,376 1,871 1,729 (686) (825)	1,22,824 1,586 2,274	3,56,296 8,393 4,630
			3,860 2,035 (3,223)	13,023 5,178 (1,998)	15,434 4,592 (4,023)
		4,542 1,472 - - - 2,47.056 2,43,266 53,756 54,055 - 96.324 89,565 3,97,136 3,86,886 1,91,280 1,82,981 45,309 45,904 - - 10,815 11,719 2,47,404 2,40,604	5,048 9,843 14,865 34,038 (184) (553) 2,60,203 2,47,056 2,60,203 51,571 53,756 51,571 - - - 73,542 96,324 73,542 3,85,316 3,97,136 3,85,316 1,79,540 1,91,280 1,79,540 52,370 45,309 52,370 12,141 10,815 12,141 2,44,051 2,47,404 2,4,051			17,310 34,038 (184) (553) 2,46,787 51,416 - 85.113 3,83,316 1,75,389 50,680 13,125 2,39,194
Note : The Company pursuant to the provisions of Ind AS 108, identified its business segments as its primary reportable segments, which comprises of Consumer Products and Lighting Solutions. "Consumer Products" includes Appliances, Fans and Morphy Richards. "Lighting Solutions" includes Professional Lighting (B2B) and Consumer Lighting (B2C). Additionally 'EPC' includes Power Transmission and Power Distribution is presented as discontinued operations since it was demerged as referred to in note 2 of the standalone financial results. SIGNED FOR IDENTIFICATION BY � SR 8 C & CO LLP Place : Mumbai MUMBAI Date : February 4, 2025 By Order of the Board of Directors- for BaJaJ Electricals L1m1ted C 1RIC� �� ', (' G -. e , Shekhar Bajaj Chairman � 45-7! iV.N.Rd;g1 ' 4 1• lBA\•�

SR BC& COLLP Chartered Accountants

12th Floor, The Ruby 29 Senapati Bapat Marg Dadar ( West) Mumbai - 400 028, India

Toi: +912268198000

Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors Bajaj Electricals Limited

We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Bajaj Electricals Limited (referred to as "Holding Company) and an associate (together referred to as "the Group") for the quarter ended December 31, 2024 and year to date April O 1, 2024 to December 31, 2024 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the Circular No. CIR/CFD/CMDl/44/2019 dated March 29, 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable_

The Statement includes the results of the following entities

Name of the Entity	Relationship HoldinQ Company
BajajElectricals limited
Hind Lamps Limited Associate

Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any aterial misstatement.

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SR BC & co LLP, a Limited Liability Partnership with LLP Identity No. AA8·4318 Regd. Office: 22, Camac Street. Bloc!< 'B', 3rd Floor, Kolkata-700 016

Bajaj Electricals Limited Limited review report for consolidated financial results . .

SR BC & COLLP Chartered Accountants

The accompanying Statement includes the unaudited interim financial result and other unaudited interim financial information, in respect of 1 associate, whose unaudited interim financial result include Group's share of net profit of Rs. 0.00 lakhs and 0.00 lakhs and Group's share of total comprehensive income of Rs. 0.00 lakhs and 0.00 lakhs for the quarter and for the period ended as on date respectively, as considered in the Statement.

The unaudited interim financial result and other unaudited interim financial information of this associate have not been reviewed by their auditor and have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of this associate, is based solely on such unaudited interim financial results and other unaudited interim financial information. According to the information and explanations given to us by the Management, this unaudited interim financial result and other unaudited interim financial information are not material to the Group.

Our conclusion on the Statement in respect of matter stated in para 6 is not modified with respect to our reliance on the work done and the financial result certified by the Management.

For S R BC & CO LLP Chartered Accountants ICAI Firm registration number: 324982E/E300003 � Per Aruna Kumaraswamy Partner Membership No.: 219350 UDIN: 25219350BMMAAE450 Mumbai, February 04, 2025

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Bajaj Electricals Limited

CIN : L31500MH1938PLC009887

Registered Office: 45/47, Veer Naliman Road, Mumbai - 400 001 Tel. 022-61497000 Website: http://www.bajajelectricals.com Email: [email protected]

CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER 2024

			(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)
			Quarter ended Nine monts ended Year ended
	31D2		30S24 31D23 31D24 31D23 31M24
	-ec- (Unaudited	)	-ep- (Unaudited) -ec- -ec- (Unaudited) (Unaudited)				-ec- -ar- (Unaudited) (Audited) (refer note 2)
ns (3•	1,28,6 3 128,9	3 4 7	1 1 1.11,462 371 1,22.599 3,55,318 225 978				3,44,137 1,182	4,62,235 1,892
			2 1.11.833 1.22,824 3,56 296				3,45.319	4.64,127
	1,2	7	9 1 519 4273 3.860				6.401	8647
	1,30,2	5	1 6 8 5 3 8 8 0 1 9 2 2 1 5) 6 6 6 1,13,352 13,844 72,590 (9,545) 943 9,234 3,479 19,606 1 729 1,11,880 1,472 1 472 717 (535) . 182 1,290 ... 1,290 (13) 1294 1,27 097 360,156 351 720 4 72 774 12,413 41,141 39,516 51,349 68,704 2,01 .022 1,90,503 2,56,675 5,521 1,211 12,073 18,060 466 2,844 1,516 2,621 9,582 28,503 28.209 36,493 2,954 10,283 7,939 10,958 20,374 60,131 52,507 72,960 2,035 5 178 4592 6,348 1,22,049 3,50 313 3 36 855 4,55 464 5,048 9,843 14,865 17,310 5 048 9,843 14,865 17,310 1,358 3,383 4,413 5,720 (46) (977) (216) (2,009) 11 11 1 312 2 406 4 208 3,722 3,736 7437 10 657 13,588 . (681) (681) 1201) [201) {480) 14801 3736 7,437 10,177 13,108 . 7 7 11 1294] 18 55
	13,9 72,2 1.6 8 9,9 3,6 21,4 1 8 1,25,7 4,5 4,5 1,5 (2 1,2 3,3	8 8 3 9 4 0 8 7 0 4 4 0 9 0 3
	3 3	3	6	1,290 (13) 1294
				(307 .	'1 (294		25 ,71 171	62 (71 f71 13 117 13,588 13,108 13,117
				~~.~~
	3,3 3,3 3,3 3,3	3 3 3 3	6 6 6 6	1,597 1,290 1,290 1,597	3,737 7,731 3,736 7,437 3,736 7,437 3,737 7,731		10,223 10,657 10,177 10,223
	2. 2. 2. 2.	8 8 8 8	9 9 9 9 1.12 1.12 1.12 1.12 3.25 3.24 3.25 3.24			6.45 6.44 6.45 6,44	9.26 9.24 (0.42) (0.42) 8.84 8.82	2,304 1,41,006 1,45,501 11.81 11.79 (0.42) (0.42) 11.39 11.37

Notes to the consolidated financial results: 1) In the previous year ended, March 31, 2024, the Hon'ble National Company Law Tribunal, Mumbai Bench, vide its order dated March 01, 2024 ("Order'') passed in the matter of Company Scheme Petition No. C.P (C.A.A)/250(MB)2023 connected with C.A. (CAA)/246(MB)2022) ('"Petition"") in respect of the Scheme]. has inter-alia approved the Scheme of Merger by Absorption of Nirlep Appliances Private Limited ("Transferor Company") with Bajaj Electricals Limited ("Transferee Company") and their respective shareholders under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ("Scheme"). Accordingly, the Parent Company had accounted for the merger under the pooling of interest method retrospectively for all periods/year presented as prescribed in IND AS 103 Business Combinations of entities under common control. This combination has no impact on the consolidated financial results. Additionally, subsequent to the merger, the Parent Company had deemed brought forward losses of Nirlep Appliances Private Limited and temporary differences on Property, Plant and Equipment as recoverable in tax and hence had credited an amount of Rs 1,010 lakhs to the tax charge for the year/quarter ended March 31, 2024
2) During the previous year, the Scheme of Arrangement between Bajaj Electricals Limited ("Demerged Company'') and Bajel Projects Limited ("Resulting Company") and their respective shareholders ("Scheme") became effective after regulatory approvals and conditions precedents. Accordingly, effect of the de-merger has been considered in the consolidated financial results for the period ended March 31, 2024. Further as required by the scheme, the assets and liabilities relating to the demerged undertaking including cash generated by the said business from the appointed date of 1st April, 2022 amounting to Rs. 23,843 lakhs have been de-recognised from the books from the effective date of September 1, 2023 and have been adjusted against the retained earnings by Rs. 56,749 lakhs, in the said consolidated financial results. The results of the demerged business before the effective date for all the periods presented continue to be disclosed as Discontinued operations. Particulars Amount
Total assets transferred 1,00,086 Total liabilities transferred Net impact in retained earnings 56,749
3) During the quarter ended December 31, 2023 and year ended March 31, 2024, the Parent Company had received an income tax refund order of Rs. 6,006 lakhs and Rs.12,577 lakhs, including interest on income tax refunds of Rs. 3,628 lakhs Rs. 4,056 lakhs, respectively. The said interest was recorded as other income in the above standalone financial results. The same has been presented as an unallocable income in segment reporting.
4) The Parent Company has launched several new products in the last two years and had began insuring warranty claims. Majority of warranty on sales are insured. In the previous quarter ended December 31, 2023, the Parent Company re-assessed the warranty on all products and accordingly had booked an additional provision of Rs. 2,300 lakhs, which is accounted under other expenses.
5) Pursuant to change in tax rate on long term capital gain and withdrawal of the indexation benefit on long term capital gains on enactment of the Finance Act 2024, the Parent Company has reassessed deferred tax asset / liabilities on land which have been fair valued in earlier years resulting in a net reduction of Rs. 215.67 lakhs considered as a one time cumulative true up while computing the profit after tax for the quarter ended September 30, 2024
6) The Parent Company has an associate, "Hind Lamps Limited". The above consolidated financial results includes Group's share of net profit of Rs. 0.00 lakhs and 0.00 lakhs and Group's share of total comprehensive income of Rs. 0.00 lakhs and 0.00 lakhs for the quarter and nine months ended December 31, 2024.
7) The above consolidated results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on February 4, 2025. 43,337
8) These consolidated financial results are available on the Parent Company's website viz. w .bajajelectricals.com and on the websites of BSE (www.bseindia.com) and NSE (w .nseindia.com).

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SIGNED FOR IDENTIFICATION
BY �
SR BC & CO LLP
MUMBAI
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Bajaj Electricals Limited

CIN • L31500MH1938PLC009887 Registered Office: 45/47, Veer Nariman Road, Mumbai -400 001

Tel. 022-61497000 Website . http://www.bajajelectricals.com Email: [email protected]

CONSOLIDATED SEGMENTWISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER ENDED AND NINE MONTHS ENDED 31ST DECEMBER 2024

		(Rs In Lakhs)	(Rs In Lakhs)	(Rs In Lakhs)	(Rs In Lakhs)	(Rs In Lakhs)
Sr. No. A) 1 2 B) C) D) Pariculars CONTINUING OPERATIONS Segment Revenues A) Consumer Products B) Lighting Solutions Revenue from Operations Segment Profit before Tax and Finance Cost A) Consumer Products B) Lighting Solutions Less: A) Finance Cost B) Other un-allocable expenditure net of unallocable income (refer note 3) Profit before share of profit/ (loss) of an associate and tax Share of profit I (loss) of an associate• (refer note 6) Profit before tax from continuing operations DISCONTINUED OPERATIONl jEPC jrefer note 2! Revenue from discontinued operations Segment Profit/ (Loss) before Tax and Finance Cost Profit/ (loss) before tax from discontinued operations Segment Assets A) Consumer Products B) Lighting Solutions C) Assets as classified as Discontinued Operations (EPC) D) Unallocable / Corporate Assets Total Segment Liabilities A) Consumer Products B) Lighting Solutions C) Liabilities directly associated with Discontinued Operations (EPC) D) Unallocable/ Corporate Liabilities Total " perains to Consumer products segment	r. o. Pariculars	Quarer ended Nine months ended 31-0ec-24 30-Sep-24 31-Dec-23 31-Dec-24 31-Dec-23 (Unaudited) (Unaudited) (Unaudited) {Unaudited) (Unaudited) 1,03,845 86,827 95,666 2,81,188 2,68,683 25,127 25,006 27,158 75,108 76,636				Year ended 31-Mar-24
		31-0ec-24
		(Unaudited) 1,03,845 25,127		(Unaudited) {Unaudited) (Unaudited)		(Audited) (refer note 2)
			86,827 25,006	95,666 2,81,188 2,68,683 27,158 75,108 76,636		3,60,390 1,03,737 4,64,127 11,422 7,961
		1,28,972 5,199 528	1,11,833 886 1,490	1,22,824 3,56,296 3,45,319 1,586 8,393 9,787 2,274 4,630 5,647
		5,727 1,871 (686) 4,542 - 4,542	2,376 1,729 (825) 1,472 - 1,472	3,860 13,023 2,035 5,178 (3,223) (1,998) 5,048 9,843 - 5,048 9,843 - - - - -	15,434 4,592 (4,023)	19,383 6,348 (4,275)
					14,865 14,865 34,038 (312) (681) 17,310 17,310 34,038 (312) (681)
		2,47,056 2,43,266 2,60,203 2,47,056 2,60,203 53,756 54,055 51,571 53,756 51,571 96,324 89,565 73,542 96,324 73,542 3,97,136 3,86,886 3,85,316 3,97,136 3,85,316 1,91,280 1,82,981 1,79,540 1,91,280 1,79,540 45,309 45,904 52,370 45,309 52,370 - . - 10,815 11,719 12,141 10,815 12,141 2,47,404 2,40,604 2,44,051 2,47,404 2,44,051 2,46,787 51,416 85,113 3,83,316 1,75,389 50,680 - 13,125 2,39,194
Note: The Group pursuant to the provisions of Ind AS 108, identified its business segments as its primary reportable segments, which comprises of Consumer Products and Lighting Solutions. "Consumer Products" includes Appliances, Fans and Morphy Richards. "Lighting Solutions" includes Professional Lighting (B2B) and Consumer Lighting (B2C). Additionally 'EPC' includes Power Transmission and Power Distribution is presented as discontinued operations since it was demerged as refered to in note 2 of the consolidated financial results.
SIGNED FOR IDENTIFICATION BY J By Order of the Board of Directo@ for BaJaJ Electricals L1 � t :RIC� '�J, :t- (< � : 45-7 �
SR BC & CO LLP Place : Mumbai MUMBAI Date : Feburar4,2025 . � ,lV.N.Rd; �1 ) Shekhar BaJaJ � / �� Chairman ',.,' .*. ,. \�

Note:

The Group pursuant to the provisions of Ind AS 108, identified its business segments as its primary reportable segments, which comprises of Consumer Products and Lighting Solutions. "Consumer Products" includes Appliances, Fans and Morphy Richards. "Lighting Solutions" includes Professional Lighting (B2B) and Consumer Lighting (B2C). Additionally 'EPC' includes Power Transmission and Power Distribution is presented as discontinued operations since it was demerged as refered to in note 2 of the consolidated financial results.

	Place : Mumbai Date : Feburar4,2025	SIGNED FOR IDENTIFICATION BY J SR BC & CO LLP MUMBAI	By Order of the Board of Directo@ for BaJaJ Electricals L1 � t :RIC� '�J, :t- .(< � �: 45-7 � ,lV.N.Rd; �1 Shekhar BaJaJ � / �� Chairman ',.,' .*. ,. \� ~~,~~,	)

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