Rs 1,368 cr committed for manufacturing ACs and LED light components; Total production pegged at Rs 25,583 crore over five years, with 4,000 direct job opportunities
The board is scheduled to meet on Monday, June 13, 2022, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a regulatory filing
The company had posted a net profit of Rs 249.08 crore in the January-March period a year ago, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a BSE filing
Closing Bell: The frontline S&P BSE Sensex fell 69 points to settle at 57,232 levels while the Nifty50 shut shop at 17,063 down 29 points
Shares of Crompton Greaves Consumer Electricals also rallied 5 per cent to Rs 396.35 on the BSE in intra-day trade
The CBI on Thursday carried out searches at locations in Mumbai, Delhi and Gurgaon.
Crompton Greaves Consumer Electricals on Friday reported a 6.13 per cent decline in consolidated quarterly net profit
Havells India reported healthy Q3 performance on the back of strong festive demand, market share gains and increased penetration in smaller towns
Appliances maker Crompton Greaves Consumer Electricals is looking at inorganic growth opportunities and is engaged in discussions for the same as it looks to enter more product segments.
In Q4, the profit margin maintained a strong trajectory, improving sequentially due to cost control and a superior sales-mix
While lighting segment saw continued pricing pressure, the electrical consumer durables segment was the show stopper in December quarter
Improving profitability in durables, tax cuts to drive earnings
The office of the MCA's regional director, western region, is in charge of the probe
Analysts remain confident on its consumer durables business and expect the company's earnings to grow by up to 20 per cent annually
Lighting margins seen recovering; consumer durables remain strong
The company had reported a net profit of Rs 708 million in the July-September period a year ago, it said in a BSE filing
The LED bulbs segment is witnessing some pricing pressure due to an increase in competitive intensity
Firm is investing ten times more in branding to increase appeal among target consumers
The price of the bid was not disclosed by the company
Much-delayed deal may be a small remedy for firm's Rs 1,200-cr total debt