Analysts are bullish on the company with sales improving
Revenue from operations jumped 14 per cent to Rs 2,138 crore, while cost of materials consumed fell to Rs 468 crore
While there's bullish consensus on the company's future performance, the stock has gained over 40 per cent in the last six months and valuations may become stretched
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
Indian household appliance maker Crompton Greaves Consumer Electricals reported a near 18% drop in September-quarter profit, dented by higher expenses and subdued performance
The Rs 2,076 crore buy to earnings accretive from second year of acquisition
In Q4, the profit margin maintained a strong trajectory, improving sequentially due to cost control and a superior sales-mix
Improving profitability in durables, tax cuts to drive earnings
The electric fan market, which is at around Rs 6,000 crore at present has been growing at 4-6% over the last two years, has seen value addition in terms of designs and colours and a little improvement in features