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Nirmal Bang Report
Bajaj Electricals Ltd. has achieved a credible turnaround in its consumer products segment with healthy revenue growth (which assumes even greater significance under range and reach expansion programme model) and attaining double-digit Ebit margin two years ahead of schedule.
The engineering procurement and construction segment is likely to see a turnaround in FY22 with Uttar Pradesh rural electrification project nearing completion.
The company's financials would improve significantly with the strategic downsizing of the EPC segment and continued focus on -
- driving growth in the consumer products business
- cash generation and
- repayment of debt.
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