More Stories

Informist, Thursday, Aug. 7, 2025

--Crompton Greaves Apr-Jun net profit INR 1.25 bln vs INR 1.58 bln year ago 

--Analysts saw Crompton Greaves Apr-Jun net profit INR 1.49 bln 

--Crompton Greaves Apr-Jun revenue INR 18.19 bln vs INR 19.59 bln year ago 

By Adhithya Aji

MUMBAI – Crompton Greaves Consumer Electricals Ltd. reported a fall in revenue and net profit for the June quarter, missing analysts' estimates on both counts. Revenue for the quarter fell 7% on year, dragging the net profit down 21% even though expenses fell almost 6%.

The company posted a net profit of INR 1.25 billion for the June quarter, against INR 1.58 billion a year ago. Analysts had estimated the net profit at INR 1.49 billion. The company posted a revenue of INR 18.19 billion for the quarter, against INR 19.59 billion a year ago. Analysts had estimated the electrical goods manufacturer's revenue at INR 21.43 billion. Sequentially, the net profit fell 27% and revenue was down 3%.

The company's total expenses fell to INR 16.73 billion from INR 17.71 billion a year ago. Its inventories rose to INR 345 million, up almost 101% on year. The cost of raw materials, which constitutes 19% of the company's total expenses, was INR 3.14 billion, down 14% from the year-ago quarter. The cost of purchase of stock-in-trade was INR 9.05 billion, down 6.2% on year. Employee benefit expenses were INR 1.44 billion, up 7% on year. Other expenses fell to INR 2.44 billion from INR 2.56 billion in the June quarter a year ago. 

Crompton Greaves's depreciation and amortisation expenses rose to INR 228 million in the June quarter from INR 196 million a year ago. However, the company's finance cost declined to INR 91 million from INR 140 million a year ago.

The company's profit margin declined 110 basis points on year to 6.9% from 8.0%. The operating margin contracted by 190 bps on year to 8.5% from 10.4%.

The company posted an earnings before interest, tax, depreciation, and amortisation of INR 1.78 billion, down 20% on year and 28% on a trailing basis. Revenue from the electrical consumer durables segment was INR 15.86 billion, down 8% on year. The muted performance of the company was primarily because of the early onset of the monsoon, which affected sales of its products.

In the electrical consumer durables segment, revenue from solar pumps doubled on year. The company received its largest order for solar pumps, worth INR 1.01 billion, from the Maharshtra Energy Development Agency. The company's small domestic appliances delivered double-digit growth. Mixer-grinders, dry irons, and induction cooktops were the key growth drivers in this segment.

Cooling products faced low demand due to the early onset of the southwest monsoon, truncating the summer season. Sales of air coolers were hit as a result. However, in the fans segment, new launches got traction and premuim offerings and industrial fans emerged as key growth drivers.

Shares of Crompton Greaves ended marginally lower at INR 319.35 on the National Stock Exchange Thursday.  End

Edited by Rajeev Pai

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.