- Crompton Greaves reported a 4Q net income of 1.38 billion rupees, a year-on-year increase of 5.3% which beat the estimate of 1.21 billion rupees.
- The company’s revenue amounted to 19.6 billion rupees, which is a 9.5% increase from the previous year, slightly above the estimate of 19.53 billion rupees.
- Electric consumer durables contributed to a significant chunk of the firm’s revenue, accounting for 15.2 billion rupees, a 14% year-on-year increase, just above the estimate of 15.08 billion rupees.
- The company’s lighting products generated a revenue of 2.81 billion rupees approximating the estimate of 2.82 billion rupees, thus showcasing a 0.7% year-on-year growth.
- Revenue from butterfly products dropped down to 1.64 billion rupees, a slump of 12% year on year, contrary to the estimate which predicted it to be 1.95 billion rupees.
- Total costs for the company stood at 18.1 billion rupees, reflecting a 10% increase from the previous year.
- EBITDA realised a slight decrease of 3.3%, reaching 2.04 billion rupees. However, this still edged past the estimate of 1.96 billion rupees.
- Crompton Greaves declared a dividend per share of 3 rupees.
- EBITDA margin stood at 10.4% as compared to last year’s 11.8%, this was lower than the expected 11.1%.
- CEO Promeet Ghosh iterated the positive signs of stabilization shown by their lighting business, particularly in the second half, despite price erosion.
- Ghosh also highlighted their anticipation of a growth momentum supported by the intense summer season and surge in demand for home and kitchen appliances.
- Among all analyst recommendations, 30 recommended buying the stock, while 11 held neutral positions, and no analysts suggested selling the stock.
A look at Crompton Greaves Consumer Electricals Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Crompton Greaves Consumer Electricals shows a positive long-term outlook. The company scores well in areas such as Dividend and Momentum, indicating a strong performance in these aspects. With a focus on providing dividends to investors and showing good momentum in the market, Crompton Greaves Consumer Electricals demonstrates stability and growth potential.
Crompton Greaves Consumer Electricals Limited is a manufacturer of consumer electrical products, specializing in fans, lamps, luminaires, pumps, and other household appliances. The company’s balanced scores across Value, Growth, Resilience, and Momentum suggest a well-rounded approach to business, highlighting its ability to thrive in the competitive consumer electricals sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
