Crompton Greaves Consumer Electricals Ltd.'s consolidated net profit surged 23% in the quarter ended March 31, according to an exchange filing on Thursday.
The company posted a profit of Rs 169 crore in the fourth quarter as compared to Rs 138 crore in the same period last year, it said.
Crompton Q4 FY25 Highlights (Consolidated, YoY)
Revenue up 5% to Rs 2,061 crore versus Rs 1,961 crore.
Ebitda up 30% at Rs 264 crore versus Rs 204 crore.
Margin expands to 12.8% versus 10.4%.
Net profit up 23% to Rs 169 crore versus Rs 138 crore.
The board of Crompton Greaves recommended a dividend of Rs 3 per share for the financial year 2025.
"This quarter's growth was driven by robust demand in solar pumps and appliances, particularly mixer grinders and air coolers," Chief Executive Officer Promeet Ghosh said. "In lighting, B2C top line grew despite ongoing price erosion, supported by a favourable product mix."
Shares of Crompton Greaves closed 1.21% lower at Rs 327.4 apiece on the National Stock Exchange, compared to a 1.6% rise in the benchmark Nifty. The stock has fallen 3.16% in the last 12 months and 17.28% on a year-to-date basis.
Out of the 39 analysts tracking the company, 36 have a 'buy' rating on the stock, two recommend 'hold' and one suggests 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 38%.
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