Bajaj Electricals Q3 net loss Rs 12.9 cr, new independent director, sells Mumbai office for Rs 26.5 cr

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BAJAJELEC · price

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Price reactionminutes from the announcement price · days from the prior close

-2.6%Reaction day

₹413.60

prior close

₹409.00

announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+2.6%-5.2% vs market

Household Appliances peers, median of 22sector+2.6%-5.2% vs sector

On the reaction day the stock moved 5.2 pts less than Nifty Microcap 250 and 5.2 pts less than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Household Appliances peers, median of 22Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bajaj Electricals reported Q3 FY26 standalone net loss of Rs 12.92 cr (vs Rs 16.4 cr profit YoY), hit by Rs 28.89 cr exceptional charge for new labour codes. Revenue fell 18.5 percent YoY to Rs 1,051 cr. Board appointed Pramod Agrawal (ex-CMD Coal India, former IAS officer) as additional independent director for 5 years. Approved sale of two Mumbai office floors at Rustomjee Aspiree, Sion for Rs 26.53 cr to related parties Bajaj General Life Insurance and Bajaj Life Insurance at arm's length.

Likely market impact

Q3 loss driven by one-time labour code impact; new independent director adds expertise; office sale unlocks Rs 26.5 cr cash from related parties.