Appliances and lighting products maker Bajaj Electricals expects better margins in the fourth quarter of FY09 on the back of falling raw material costs,a senior official said.
“The fourth quarter has been a rollicking quarter for us. We have closed the year with approximately 1,750 crores (1.75 billion) rupees in terms of sales turnover and all our business have done extremely well,” R.Ramakrishnan,executive director,told a television channel.
The engineering and projects business has grown at 40 per cent,appliances business at 30 per cent and our lighting,luminaire and fans business has grown at 30 per cent,he added.
Falling raw material prices particularly copper and aluminium will improve its bottomline,he added.
He also said that the company has not taken any decision to hive off its engineering and projects business and will consider it when the time is appropriate. Shares of the company have risen close to 50 per cent between five sessions till Wednesday on BSE. At 11 p.m.,shares of the company were up 7.04 per cent at 231.95 rupees.
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