Crompton Greaves Consumer Electricals Ltd reported a strong performance for the first quarter of FY27, with consolidated net profit rising nearly 15% year-on-year, supported by robust revenue growth and a sharp improvement in operating margins.
The company posted a healthy set of first-quarter earnings, with the profit rising 14.8% year-on-year to Rs 140 crore, compared with Rs 122 crore in the corresponding period last year, according to an exchange fling on Thursday. The improvement came on the back of higher sales and a significant expansion in operating profitability.
Consolidated revenue from operations increased 16.9% to Rs 2,335 crore during the April-June quarter, up from Rs 1,998 crore a year earlier, reflecting steady demand across the company's consumer electricals and home appliances portfolio.
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The company's operating performance improved sharply during the quarter. Earnings before interest, tax, depreciation and amortisation surged 65.7% year-on-year to Rs 325 crore from Rs 196 crore in the year-ago period. Operating margin expanded to 13.9% from 9.8% in the same quarter last year, marking an improvement of more than four percentage points.
The combination of double-digit revenue growth and widening margins enabled the company to deliver stronger profitability despite a competitive consumer market environment.
Investors are likely to watch whether the company can sustain this momentum in the coming quarters as consumer demand, commodity prices and competitive intensity remain key factors influencing the sector.
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