Crompton Greaves, a company involved in the business of electric appliances, has announced its quarterly results. The company has informed in the exchange filing that it has recorded good earnings and profits in the second quarter of the current financial year. Due to good results, the stock has seen a rise.

By 1.40 PM, Crompton Greaves stock has gained 4 per cent. After this rise, the stock has reached Rs 385. It has given a return of 23 per cent since January. On the other hand, Nifty 50 has given a return of 8 per cent in the same period.

Results were excellent In the second quarter results, the company said that its profit has increased by 27.8 per cent. After this increase, the profit has reached Rs 124.9 crore. The company said that its income from operations increased by 6.4 per cent. Income has increased to Rs 1,896 crore on an annual basis. Segment-wise, revenue from electric consumer durables (ECD) increased from Rs 1,238 crore to Rs 1,392.7 crore. There has also been a marginal increase in the income from lighting products. This segment increased from Rs 238.7 crore to Rs 253 crore; However, earnings from butterfly products declined to Rs 250.2 crore from Rs 305.6 crore a year ago.


"In the wings, we have seen sustained growth along with margin improvement through consistent price increases over several quarters," the company said in a presentation. The company achieved an EBIT margin of 9.7 per cent in Q2FY25, better than 9.1 per cent in the same period last year. Crompton Greaves has taken pricing actions across categories to deal with the impact of rising commodity prices and regulatory changes.