Bajaj Electricals was bullish on its other two main business verticals - consumer durables and lighting with 15 percent topline growth.
Consumer durables and lighting company, Bajaj Electricals Ltd is aiming a revenue of Rs 4,700 crore in the current fiscal, a growth of 17-18 percent over the previous year.
"This year (FY15') our revenue should be around Rs 4,700 crore as against Rs 4,000 crore achieved last year," Bajaj Electricals CMD Shekhar Bajaj said Monday.
The turnaround of the engineering projects division would help the company to register better numbers, he said.
"In the current financial year, revenue from projects business will be in the region of Rs 1,400-1,500 crore as against Rs 1,100 crore last year in the previous year. We expect some profit against huge losses in the past," Bajaj said.
Currently, the project business order book was in the size of Rs 3,100 crore.
Bajaj Electricals was bullish on its other two main business verticals - consumer durables and lighting with 15 percent topline growth.
Bajaj expects Rs 1,100 crore revenue from lighting business with flat margin and Rs 2,200 crore with higher operating margins in consumer durables, the CMD said.
The company was also focusing at higher export business to the tune of Rs 40 crore to Rs 60 crore in FY 15'.
Bajaj Electric stock price
On September 22, 2014, Bajaj Electricals closed at Rs 284.35, down Rs 0.4, or 0.14 percent. The 52-week high of the share was Rs 384.80 and the 52-week low was Rs 156.00.
The latest book value of the company is Rs 70.58 per share. At current value, the price-to-book value of the company was 4.03.
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