Bajaj Electricals posts Rs 34 crore loss in Q3 FY26

Bajaj Electricals Limited reported a consolidated net loss of Rs 34 crore for the third quarter ended December 31, 2025, reversing a profit of Rs 33 crore recorded in the same quarter last year. The performance reflected an 18.5% year-on-year decline in revenue and the impact of exceptional charges linked to newly implemented labour codes.

Revenue from operations declined to Rs 1,051 crore in Q3 FY26 from Rs 1,290 crore in Q3 FY25. Earnings before interest and tax (EBIT) turned negative, with a loss of Rs 8 crore compared to a profit of Rs 64 crore in the corresponding quarter of the previous year.

The company attributed the weaker performance in part to a strategic shift towards a more balanced, demand-led approach in its Consumer Products segment. This led to channel inventory normalisation and a 25.2% year-on-year contraction in the segment. The decline was partly offset by a 9.1% year-on-year increase in the Lighting Solutions segment.

Profitability was further affected by an exceptional charge of Rs 29 crore arising from the implementation of new labour codes. The company said the charge relates to a revised definition of wages under the codes and remains subject to final rules and regulatory approvals. During the quarter, a net reduction in deferred tax assets also weighed on the bottom line.

Despite the quarterly loss, the company reported a strong balance sheet, with cash, cash equivalents and surplus investments of around Rs 620 crore. At its meeting on February 9, 2026, the Board of Directors approved the appointment of Mr. Pramod Agrawal as an additional Independent Director. The board also cleared the sale of certain non-operational office premises in Mumbai to related parties for an aggregate consideration of Rs 26.53 crore.