CROMPTON · Consumer Durables
Crompton Greaves Consumer Electricals Ltd. reported revenue of ₹1,545 cr for October to December 2024, +6.0% on the year and −6.1% on the quarter.
Operating profit (EBITDA) was ₹171 cr, a margin of 11.1%, +99 bps on the year and +13 bps on the quarter. Over the last 7 quarters the margin has ranged from 10.0% to 12.5%, averaging 10.9%. Operating costs grew +4.8% against revenue growth of +6.0%, so more of each rupee of sales reached operating profit.
Net profit was ₹112 cr, +17.9% on the year and −8.9% on the quarter, with earnings per share of ₹1.74. Profit before other income, one-offs and tax grew faster, at +27.0%; other income, one-offs or tax held the headline back. The tax rate of 26% is in line with its recent average.
Retail growth comes from new stores and from sales at existing stores; the statements show the total, the filing shows how much each contributed. The quarterly statements do not carry same-store sales, stores added and revenue per square foot; those come with the filing read.
On earnings per share of ₹8.61 over the last four quarters, the stock at ₹218.90 trades at 25.4 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,458 cr | ₹1,797 cr | ₹1,959 cr | ₹1,645 cr | ₹1,545 cr | ₹1,878 cr | ₹1,819 cr | ₹1,632 cr | ₹1,659 cr | ₹2,083 cr | ₹2,022 cr | ₹1,932 cr |
| YoY | — | — | +18% | +11% | +6% | +5% | −7% | −1% | +7% | +11% | +11% | +18% |
| EBITDA margin | 10.1% | 12.5% | 11.3% | 10.9% | 11.1% | 13.2% | 9.8% | 8.0% | 10.5% | 12.1% | 10.3% | 8.9% |
| Other income, % of PBT | 12% | 7% | 10% | 10% | 7% | 7% | 13% | −4% | −6% | — | 10% | 11% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 24% | 22% | 25% | 25% | 26% | 26% | 25% | 25% | 26% | — | 26% | 26% |
| Net profit | ₹95.0 cr | ₹161 cr | ₹158 cr | ₹123 cr | ₹112 cr | ₹171 cr | ₹125 cr | ₹70.0 cr | ₹98.0 cr | −₹537 cr | ₹140 cr | ₹110 cr |
| YoY | — | — | +37% | +29% | +18% | +6% | −21% | −43% | −13% | −414% | +12% | +57% |
| Core profit YoY | — | — | +43% | +28% | +27% | +11% | −23% | −34% | −1% | +2% | +16% | +35% |
| EPS | ₹1.49 | ₹2.50 | ₹2.45 | ₹1.92 | ₹1.74 | ₹2.65 | ₹1.94 | ₹1.09 | ₹1.53 | −₹8.34 | ₹2.18 | ₹1.71 |
| Flags | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 1 | ✓ | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Crompton Greaves Consumer Electricals Ltd. reported revenue of ₹1,545 cr (+6.0% on the year) and net profit of ₹112 cr (+17.9% on the year) for October to December 2024.
Profit before other income, exceptional items and tax moved +27.0% on the year, against +17.9% for reported profit.
None of the 7 checks that could run raised a question.
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