Shares of Crompton Greaves Consumer Electricals jumped nearly 4%, trading higher on the NSE, following the announcement of strong Q2 FY25 financial results. The company reported robust growth across key segments, with margins improving and profit surging year-on-year.
As of 9:31 am the shares were trading 3.62% higher at ₹384.50 on NSE.
Key Financial Highlights:
- Standalone Revenue: ₹1,645 crore, up 11% YoY.
- Net Profit: ₹160 crore, an increase of 27% YoY.
- Standalone Material Margins: Expanded to 31.9% from 30.1% in Q2 FY24.
- EBIT Margin: Improved by 60 basis points to 9.7%.
Business Segment Performance:
- ECD Business: Revenue grew by 13% YoY to ₹21,393 crore.
- Appliances: Up 26% YoY.
- Pumps: Grew by 20% YoY.
- Fans: Increased by 5% YoY.
- Lighting Segment: Revenue rose 6% YoY, driven by non-conventional lighting products.
- Ecommerce Revenue: Crossed ₹200 crore, showcasing 37% YoY growth, contributing 21% of sales.
- Butterfly Segment: Revenue increased to ₹258 crore, with EBIT margin expanding by 380 basis points.
Market Sentiment:
The positive results reflect strong execution across product lines and pricing actions. With double-digit revenue growth for five consecutive quarters, Crompton has demonstrated resilience and adaptability, further boosting investor confidence.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always consult a financial advisor before making investment decisions.
