Mumbai, May 15 (IANS) Bajaj Electricals on Friday reported a consolidated net loss of Rs 67.5 crore for the fourth quarter (Q4) of FY26, compared with a net profit of Rs 59.1 crore in the corresponding quarter last financial year, as weaker operating performance and a sharp reversal in exceptional items weighed on earnings.

The company’s revenue from operations declined 2.1 per cent year-on-year to Rs 1,239.5 crore during the March quarter from Rs 1,265.5 crore in the same period of the previous fiscal (Q4 FY25), according to its stock exchange filing.

Operating performance also weakened during the quarter, with EBITDA falling 28.9 per cent to Rs 75.2 crore from Rs 105.8 crore a year earlier.

Consequently, the EBITDA margin narrowed to 6.1 per cent in Q4FY26 compared with 8.4 per cent in the year-ago quarter.

Bajaj Electricals reported an exceptional loss of Rs 55.58 crore in the March quarter, compared with an exceptional gain of Rs 21.37 crore in Q4 FY25.

Despite the weak quarterly performance, the board of directors recommended a final dividend of Rs 3 per equity share with a face value of Rs 2 each for FY26, translating into a 150 per cent payout, unchanged from the previous financial year.

The proposed dividend is subject to shareholder approval at the company’s 87th annual general meeting and will be paid on or after August 6, 2026.

The board also approved a proposal to seek shareholders’ enabling approval for raising or borrowing up to Rs 500 crore through the issuance of securities, including unsecured non-convertible debentures and commercial papers, in one or more tranches depending on market conditions.

In a separate development, the company announced the appointment of Ashween Anand as chief financial officer with effect from May 16, 2026.

Ahead of the earnings announcement, shares of Bajaj Electricals ended 0.42 per cent higher at Rs 391.30 on the National Stock Exchange of India on Friday.

–IANS

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