Shares of Crompton Greaves Consumer Electrical surged 7% after the company reported a strong financial performance for the July-September quarter of FY25. At 1:40 PM, the stock was trading 4% higher at ₹385. On a year-to-date basis, Crompton Greaves shares have gained 23%, outperforming the Nifty 50 index, which has risen by 8% during the same period.
The company’s consolidated net profit for the quarter grew 27.8% year-on-year (YoY) to ₹124.9 crore. Revenue from operations increased 6.4% YoY to ₹1,896 crore.
Segment Highlights:
- Electric Consumer Durables (ECD): Revenue rose to ₹1,392.7 crore, up from ₹1,238 crore a year ago.
- Lighting Products: Revenue grew to ₹253 crore, compared to ₹238.7 crore last year.
- Butterfly Products: Revenue declined to ₹250.2 crore from ₹305.6 crore in Q2 FY24.
The company said there is growth in the fans segment, led by margin enhancement on account of regular price increases. Crompton Greaves reported an EBIT margin of 9.7% in the quarter, higher compared with 9.1% in the same period last year on account of pricing across categories considering rising input cost and regulatory changes.
Crompton Greaves is into the business of electrical equipment and offers fans, LED lighting, pumps, water heater, and kitchen appliances among its products. The company headquarters is in Mumbai.
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Source: Moneycontrol
News Desk
