desk
Share
News Topical, Digital Desk : Crompton Greaves Consumer Electricals, a BSE 500 company, has released its December quarter results. The company's profits declined by 10 percent. However, the profit figures were better than expected. Revenue also exceeded expectations and increased year-over-year. EBITDA and margins both exceeded expectations. The company also announced the launch of new products. The results came after market hours. Prior to the results, the stock closed with a decline of more than half a percent in Friday's session.
How were the quarterly results?
The company's profit declined by 9.8% on an annual basis from ₹112 crore to ₹101 crore, whereas in the CNBC-TV18 poll it was estimated at ₹98 crore.
The company's revenue increased by 7.3% to ₹1,898 crore from ₹1,769 crore, exceeding the CNBC-TV18 poll estimate of ₹1,864 crore. EBITDA increased marginally by 1.9% year-over-year to ₹194.6 crore from ₹191 crore, compared to the CNBC-TV18 poll's EBITDA estimate of ₹166 crore. Margin was 10.3%, lower than the previous year's 10.8%, although it was better than the CNBC-TV18 poll's estimate of 8.9%. The company also announced the launch of a new range of "Insulated Cables (Electrical Wires & Cables)" products. These products will be launched for the domestic market by the end of March 2026.
Read More: Crompton Q3: Profit declines but beats expectations, announces product launch
--Advertisement--
