CROMPTON · Consumer Durables
Crompton Greaves Consumer Electricals Ltd. reported revenue of ₹2,083 cr for January to March 2026, +10.9% on the year and +25.6% on the quarter. It is the highest quarterly revenue in the last 12 quarters on record. Over the last four quarters revenue comes to ₹7,193 cr, +2.4% on the four before.
Operating profit (EBITDA) was ₹253 cr, a margin of 12.1%, −106 bps on the year and +166 bps on the quarter. Over the last 8 quarters the margin has ranged from 8.0% to 13.2%, averaging 10.9%. Operating costs grew +12.3%, faster than revenue at +10.9%, so operating profit grew less than sales.
The company swung to a net loss of ₹537 cr from a profit of ₹171 cr a year earlier, with earnings per share of −₹8.34. Profit before other income, one-offs and tax grew faster, at +2.3%; other income, one-offs or tax held the headline back. Profit over the last four quarters totals −₹244 cr, −143.3% on the four before.
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.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
Swung to a loss from a profit a year ago. One quarter, or a trend?
Source: Quarterly statements
Core profit grew faster than reported profit: one-offs held the headline down.
Source: Quarterly statements
Could not run on this quarter: Other income carrying profit, 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.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| 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 ₹2,083 cr (+10.9% on the year) and net profit of −₹537 cr (−414.0% on the year) for January to March 2026.
Profit before other income, exceptional items and tax moved +2.3% on the year, against −414.0% for reported profit.
1 check raised a question: Swung to a loss from a profit a year ago. One quarter, or a trend?
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