Bajaj Electricals Reports 59% Decline in Q2 Profit;

08 Nov 2024 CW Team

Bajaj Electricals posted a significant 59.28% drop in net consolidated profit for Q2 FY25, reporting a profit after tax of Rs.12.90 crore (approximately $1.55 million), down from Rs.31.68 crore ($3.8 million) in the same period last year. The company’s net consolidated total income saw a slight growth of 0.88%, reaching Rs.1,133.52 crore ($136 million) compared to Rs.1,123.63 crore ($135 million) in Q2 FY24.

To improve operational efficiency, the board has approved a Voluntary Retirement Scheme (VRS) for permanent employees in the 'workmen' category at the Nashik facility, with a projected cost of Rs.15.30 crore ($1.8 million).

Real Estate

12 May 2026

ESNAAD Hands Over The Spark Project in Dubai

ESNAAD Real Estate Development has announced the handover of The Spark by ESNAAD, its residential project located in Mohammed Bin Rashid City, Dubai.The development comprises a ground floor, five residential floors and a rooftop, with 50 one and two-bedroom apartments. The project has been designed with a focus on practical layouts, contemporary architecture and long-term value for homeowners and investors.Located in District 11 of Mohammed Bin Rashid City, the project offers connectivity to Downtown Dubai, DIFC, Meydan, Dubai Marina and Dubai International Airport through Dubai Al Ain Road.Th..

L&T Achieves Double Tunnel Breakthrough at Dibang

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ICEMA Reports Resilient CE Industry Amid Export Surge

India’s construction equipment (CE) industry reported a marginal decline of around 2 per cent in total equipment sales during FY2025–26, with overall sales falling to 136,995 units from 140,191 units in FY25. However, exports registered strong growth of 31.5 per cent, reinforcing India’s position as the world’s third-largest construction equipment market.According to ICEMA, domestic demand declined by around 7 per cent across most equipment categories due to slower infrastructure execution, project delays, land acquisition challenges and slower disbursement cycles. ICEMA said the secto..