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Crompton Greaves Consumer Electricals Limited has announced a board meeting on February 12, 2025, where it reviewed the consolidated financial results for the quarter and nine months ended December 31, 2024.
Total income for the quarter reached ₹1,780.81 crore, representing a slight decline from ₹1,913.53 crore in the previous quarter, but marking an increase from ₹1,709.36 crore year-on-year, driven by strong sales in Electric Consumer Durables and Lighting Products.
Net profit for the quarter stood at ₹111.92 crore, compared to ₹128.07 crore last quarter and ₹85.45 crore in the same quarter last year. The earnings per share (EPS) remain solid at ₹1.71 compared to ₹1.94 and ₹1.35 in the previous quarter and year-ago period, respectively. Factors influencing profitability included effective cost management, despite rising operational costs in materials and employee benefits.
Total operational expenses increased to ₹1,629.62 crore, up from ₹1,596.90 crore year-on-year, reflecting higher materials and employee costs, but showing improved efficiency in other areas such as purchases of stock-in-trade.
The balance sheet remains healthy, with a net worth of ₹3,675.30 crore and manageable debt levels reflected in a Debt-Equity Ratio of 0.08.
Strategically, Crompton's focus on expanding the Electric Consumer Durables segment suggests a robust market positioning. Current market sentiment appears cautiously optimistic, though rising input costs could pose future risks.
Given the solid financial performance and strategic positioning, a buy stance is suggested, with attention to potential cost pressures.
All announcements from Crompton Greaves Consumer Electricals Limited