Mumbai: Bajaj Electricals' net profit for the first quarter of the current financial year (Q1 FY26) stood at just 1.64 crore, plunging over 97 per cent sequentially and 94 per cent year-on-year, according to an exchange filing on Thursday. The consumer durable arm of Bajaj Group had posted a net profit of Rs 57.69 crore in the preceding quarter (Q4 FY25), while in the same quarter a year ago, the net profit stood at Rs 27.98 crore. Meanwhile, the revenue for the quarter under review of the electric product manufacturer declined 14 per cent quarter-on-quarter at 1,09.93 crore from Rs 1,281.65 crore in Q4 FY25 and down 6 per cent from Rs 1,165.5 crore in the first quarter of FY25. Consumer products and lighting solutions contributed Rs 807 crore and Rs 257.59 crore to the company's revenue for the quarter, respectively, the filing said.