Crompton Greaves Consumer Electricals reported a mixed financial performance for the third quarter, with revenue growth remaining steady while profitability came under pressure on a year-on-year basis.
For Q3, the company posted a net profit of ₹101 crore, marking a decline of 9.8% compared with ₹112 crore in the same quarter last year. The fall in bottom-line performance reflects margin compression and higher operating costs, even as topline momentum remained intact.
Revenue from operations during the quarter rose 7.3% year-on-year to ₹1,898 crore, up from ₹1,769 crore in Q3 of the previous financial year. The growth was supported by stable demand across key product categories, though pricing pressures and competitive intensity continued to weigh on margins.
Operating performance showed modest improvement, with EBITDA increasing 1.9% YoY to ₹194.6 crore from ₹191 crore a year ago. However, the EBITDA margin declined to 10.3% compared with 10.8% in the corresponding quarter last year, indicating pressure from input costs and a higher expense base.
