Anuj Poddar, Executive Director at Bajaj Electricals, said the company will continue to drive margin growth. "We will continue to drive margin growth, so we do expect to continue margin growth," he said.

The company has taken price hikes effective from January 1, 2021 to cover for some of the commodity cost. "It is yet one month of Q4, let us see how Q4 goes but we remain fairly optimistic about Q4 as well,” he said.

"Consumer business has grown by 34 percent and we are seeing very strong operating leverage, very tight cost management. So our consumer operating profits are up more than 100 percent, profit before tax (PBT) is up 8 times over last year and our profit after tax (PAT) is over 10 times of last year,” he said.

In terms of balance sheet, he said, "We have generated over Rs 140 crore of cash, we have reduced the debt significantly in this quarter and our balance sheet is healthier than before."

"Consumer margins are up from about 7 percent last year to 12.3 percent this year. Commodity price increase is impacting all of us. We are yet on the track to grow our margins on a business going forward," he mentioned.

"The EPC business is making a slight loss but it is heading in the right direction. We have significantly reduced our EPC losses and therefore there is a drag on the company. Both business are doing well and that is why the consolidated numbers are looking good," Poddar said.

For full interview, watch the video.

(Edited by : Priyanka Rathi)

First Published:Feb 4, 2021 5:45 PM IST