Crompton Greaves profit rises 65% as quarterly revenue grows
The consumer electricals maker reported higher September-quarter profit and revenue, with its electric consumer durable segment leading growth.
Key takeaways
- Consolidated net profit rose 65% to Rs 124.39 crore in the September quarter.
- Revenue from operations increased 18.15% to Rs 2,263.29 crore.
- Electric consumer durable segment revenue grew 19.36% to Rs 1,634.49 crore.
Crompton Greaves Consumer Electricals reported a 65% rise in consolidated net profit to Rs 124.39 crore for the September quarter. Revenue from operations increased 18.15% year on year to Rs 2,263.29 crore.
The company said revenue growth was driven by double-digit growth in general trade and record quarterly sales in its international business. EBITDA rose 24.1% to Rs 205 crore, with a 9% margin, supported by price increases, cost efficiencies and operating leverage, it said.
Revenue from the electric consumer durable segment grew 19.36% to Rs 1,634.49 crore. Crompton said this was the segment’s strongest quarterly growth in nine quarters, led by fans, conventional pumps, large domestic appliances and small domestic appliances.
Lighting products revenue increased 14.26% to Rs 298.29 crore, while subsidiary Butterfly’s revenue rose 15.87% to Rs 330.51 crore. CEO Promeet Ghosh said the company had recorded its third consecutive quarter of strong double-digit growth across segments, with market-share gains in key categories.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
