Crompton Greaves

Leading fans and residential pump maker Crompton Greaves Consumer Electricals expects to cross USD 1 billion sales mark this fiscal and achieve a double-digit revenue growth helped by a new strategy, its MD & CEO Promeet Ghosh said on Thursday. Moreover, the company expects to enter a new segment in the coming years and double its turnover in the next five to six years helped by its Crompton 2.0 vision, he said. Under Crompton 2.0 vision, the company is emphasising on consumer centricity, business growth, and profitability through innovations. Crompton Greaves operates in segments like fans, lights, water pumps and appliances. It is introducing next-generation technology platforms such as smart solutions, energy efficiency, durability and easy reparability for its products helped by enhanced in-house R&D. Crompton Greaves is quite encouraged by its last three quarters, in which the leading fans and water pump maker reported double-digit growth despite challenging market ...

Consolidated net profit increased 27.7 per cent to Rs 110 crore ($12.7 million) in the quarter, but fell short of analysts' average estimate of Rs 115 crore

The rise in Crompton Greaves share price came after the company posted a strong set of results in the September quarter of financial year 2025 (Q2FY25)

Crompton Greaves Consumer Electricals Ltd on Thursday reported an increase of 26.9 per cent in its consolidated net profit to Rs 128.07 crore in the second quarter ended in September 2024. The company had posted a net profit of Rs 100.87 crore in the July-September quarter a year ago, according to a regulatory filing from Crompton Greaves Consumer Electricals Ltd (CGCEL). However, its revenue from operations rose by 6.4 per cent to Rs 1,896.01 crore in the quarter under review, from Rs 1,782.27 crore in the same period last year. CGCEL's total expenses rose to Rs 1,742.79 crore in the September quarter of FY25, registering an increase of 4.9 per cent. The total consolidated income of CGCEL stood at Rs 1,913.53 crore in the September quarter, up 6.47 per cent. In the September quarter, CGCEL's revenue from the electric consumer durables segment was up 12.5 per cent to Rs 1,392.7 crore. Similarly, revenue from its lighting products business was up 6 per cent to Rs 253.13 crore. Ho

Near-term demand is lower amidst a host of factors such as inflationary challenges on consumer spending, rural weakness, and Q2 being a seasonally weak quarter post a strong summer

Revenue from operations jumped 14 per cent to Rs 2,138 crore, while cost of materials consumed fell to Rs 468 crore

On a yearly basis, Crompton Greaves' profit soared 5.5 per cent to Rs 138.4 crore in the March quarter of FY24, from Rs 131 crore in the March quarter of FY23

At 6:51 AM, GIFT Nifty futures showed a rise of 26 points, trading at 22,478 levels, signaling a subdued start for the stock exchanges

Crompton Greaves Consumer Electricals Ltd on Wednesday reported a 3.1 per cent decline in its consolidated net profit to Rs 85.45 crore for the third quarter ended December 2023. The company had posted a net profit of Rs 88.19 crore in the October-December quarter a year ago, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a regulatory filing. However, its revenue from operations rose 11.63 per cent to Rs 1,692.69 crore in the quarter under review. It was Rs 1,516.21 crore in the year-ago period. CGCEL's total expenses increased 12.22 per cent to Rs 1,596.90 crore in the December 2023 quarter. The total consolidated income surged 11.17 per cent to Rs 1,709.36 crore. In the December 2023 quarter, CGCEL's revenue from the electric consumer durables segment jumped 18.54 per cent to Rs 1,209.27 crore. However, revenue from lighting products was flat at Rs 249.36 crore. Revenue from its subsidiary Butterfly, which it had acquired earlier last year, was Rs 234.06 crore. Sha

Revenue from operations was up 4.9%, while expenses rose 6.2%

Crompton Greaves Consumer Electricals Ltd on Saturday reported a 3.11 per cent decline in its consolidated net profit to Rs 122.03 crore in the first quarter ended in June 2023. The company had posted a net profit of Rs 125.95 crore in the April-June quarter a year ago, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a regulatory filing. Its revenue from operations increased marginally to Rs 1,876.85 crore during the quarter under review against Rs 1,862.94 crore in the year-ago period. CGCEL's total expenses were at Rs 1,740.83 crore, up 2.81 per cent in the first quarter of FY 2023-24. Its total income in the June quarter was Rs 1,896.65 crore, up 1.24 per cent. In the June quarter, CGCEL's revenue from the electric consumer durables segment revenue was at Rs 1,428.98 crore compared to Rs 1,347.18 crore in Q1 FY23. However, revenue from lighting products slipped 12.68 per cent to Rs 228.98 crore against Rs 262.26 crore. While revenue from its new subsidiary Butterfly

Analysts expect the stocks to remain weak in the near-term as lower sales offtake will lead to companies missing their earnings estimates for the April-June quarter (Q1FY24)

Crompton Greaves Consumer Electricals Ltd on Friday reported a decline of 25.48 per cent in its consolidated net profit at Rs 131.55 crore in the fourth quarter ended March 2023. The company had posted a net profit of Rs 176.55 crore in the January-March quarter a year ago, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a regulatory filing. Its revenue from operations increased 15.7 per cent to Rs 1,790.96 crore during the quarter under review against Rs 1,547.82 crore in the year-ago period. The total expenses in Q4 FY23 surged 21.8 per cent to Rs 1,637.30 from Rs 1,344.18 crore a year ago, the company said. CGCEL's total income in the March quarter was at Rs 1,807.73 crore, up 15.13 per cent. Commenting on the quarter results, CCGEL MD and CEO, Promeet Ghosh said: "We delivered well in Q4 with our calibrated approach towards BEE transition, roll out of new brand architecture for Pumps, portfolio strengthening in Appliances and focus on premiumisation across the board"

Technically, stocks inversely proportionate to the benchmark indices' trend are safe to bet during weakness.

Crompton Greaves will issue 22 fully paid up shares of Rs 2 each for every five fully paid up shares of Rs 10 each of Butterfly

Crompton Greaves Consumer Electricals Ltd (CGCEL) and Butterfly Gandhimathi Appliances have announced a merger to accelerate and smoothen the realisation of synergies of the combined business. This will also simplify corporate and governance structure and convergence of public shareholders of Butterfly at the parent level and align interests for shareholders of both companies, said a joint statement. This would be based on a share swap, it added. "Upon merger, the public shareholders of Butterfly as on the record date will receive 22 equity shares of Crompton for every 5 equity shares held by them in Butterfly, as a consideration for the merger," it said. Post-merger, the public shareholders of Butterfly will hold ~3 per cent stake in the the combined entity, it added. "The scheme is subject to the necessary statutory and regulatory approvals including approval of the stock exchanges, SEBI, the respective shareholders and creditors of each of the companies and NCLT (Mumbai and Che

The company has stated that the appointment of a new CFO in his place would be intimated in due course

Market share gains in key categories and entry into premium kitchen appliances are positives

Crompton Greaves Consumer Electricals Ltd on Friday reported a 33 per cent increase in consolidated net profit at Rs 125.95 crore in the first quarter ended June 30, on the back of higher sales

Nifty has not gained for more than three weeks in a row since mid-January 2022