- Crompton Greaves’ net income for the second quarter was 1.25 billion rupees, marking a 29% increase compared to the previous year and meeting analyst estimates.
- The company’s total revenue reached 19 billion rupees, reflecting a 6.7% year-over-year increase, but it fell short of the estimated 19.17 billion rupees.
- Revenue from electric consumer durables rose by 12% to 13.9 billion rupees, slightly surpassing the forecast of 13.81 billion rupees.
- Lighting products revenue grew by 5.9%, achieving 2.53 billion rupees, which slightly exceeded the estimate of 2.52 billion rupees.
- Butterfly products saw a significant 18% decline in revenue, bringing in 2.50 billion rupees, which was notably below the estimated 4.29 billion rupees.
- Total costs for the company increased by 4.8% year-over-year, reaching 17.4 billion rupees.
- Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 16% to 2.03 billion rupees, surpassing expectations of 1.95 billion rupees.
- The EBITDA margin improved to 10.7%, compared to 9.8% in the previous year, though it was slightly below the estimated 10.8%.
- The shares of Crompton Greaves fell by 3.6% to 371.05 rupees, with a trading volume of 2.02 million shares.
- Analyst ratings for the company include 30 buys, 7 holds, and 3 sells.
A look at Crompton Greaves Consumer Electricals Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| 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
The long-term outlook for Crompton Greaves Consumer Electricals appears to be mixed based on the Smartkarma Smart Scores. With a strong dividend score of 4, the company seems to be a reliable choice for income-seeking investors. Additionally, a resilience score of 4 indicates that the company has the ability to weather market uncertainties and economic challenges effectively.
However, the value and growth scores of 2 and 3 respectively suggest that Crompton Greaves Consumer Electricals may not be particularly undervalued and may have moderate growth prospects. The momentum score of 3 implies that the company’s stock performance may not be seeing significant positive or negative trends in the near future.
### Crompton Greaves Consumer Electricals Limited manufactures consumer electrical products. The Company offers fans, lamps, luminaires, and pumps, as well as a variety of other household appliances. ###
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.
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