Crompton Greaves Consumer Electricals Ltd shares slipped 2% in early Friday trade after the company reported disappointing second-quarter (Q2 FY25) results, weighed down by lower profitability and margin pressure.
On a consolidated, year-on-year (YoY) basis, Crompton’s revenue grew marginally by 1% to ₹1,916 crore, compared to ₹1,896 crore in the same quarter last year. However, operating performance weakened as EBITDA fell 22.2% to ₹158 crore, down from ₹204 crore YoY. The company’s EBITDA margin dropped sharply to 8.3%, versus 10.7% a year ago, reflecting rising input costs and subdued demand in key product segments.
Profitability took a bigger hit, with net profit plunging 43% to ₹71.2 crore, compared to ₹125 crore in Q2 FY24.
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