Results     17-Aug-24
Analysis
Crompton Greaves Consumer Electricals
Sales up 14%, net up 28%
Consolidated net sales (including other operating income) of Crompton Greaves Consumer Electricals for the quarter ended Jun 2024 has increased 13.90% to Rs 2137.69 crore.  Operating profit margin has jumped from 9.90% to 10.87%, leading to 25.08% rise in operating profit to Rs 232.37 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 26.99% to 21.97%.   Purchase of finished goods cost rose from 43.03% to 46.03%.   Employee cost increased from 7.43% to 7.59%.   Other expenses rose from 12.93% to 13.50%.   Other income rose 20.10% to Rs 23.78 crore.  PBIDT rose 24.60% to Rs 256.15 crore.  Provision for interest fell 24.55% to Rs 15.52 crore.  PBDT rose 30.07% to Rs 240.63 crore.  Provision for depreciation rose 27.31% to Rs 37.15 crore.  Profit before tax grew 30.59% to Rs 203.48 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 51.13 crore, compared to Rs 33.79 crore.  Effective tax rate was 25.13% compared to 21.69%. Minority interest decreased 82.88% to Rs 0.63 crore.  Net profit attributable to owners of the company increased 28.20% to Rs 151.72 crore.  
  • Sales of electric consumer durables segment has gone up 20.83% to Rs 1,726.62 crore (accounting for 80.77% of total sales).  Sales of lighting products segment has gone up 1.90% to Rs 233.33 crore (accounting for 10.92% of total sales).  Sales of Butterfly Gandhimathi Appliances Limited segment fell 18.80% to Rs 177.74 crore (accounting for 8.31% of total sales).  
  • Profit before interest, tax and other unallocable items (PBIT) has jumped 26.11% to Rs 283.61 crore.  PBIT of electric consumer durables segment rose 42.40% to Rs 258.66 crore (accounting for 91.20% of total PBIT).  PBIT of lighting products segment fell 23.60% to Rs 20.85 crore (accounting for 7.35% of total PBIT).  PBIT of Butterfly Gandhimathi Appliances Limited segment fell 74.31% to Rs 4.10 crore (accounting for 1.45% of total PBIT).  
  • PBIT margin of electric consumer durables segment rose from 12.71% to 14.98%.  PBIT margin of lighting products segment fell from 11.92% to 8.94%.  PBIT margin of Butterfly Gandhimathi Appliances Limited segment fell from 7.29% to 2.31%.  Overall PBIT margin rose from 11.98% to 13.27%.  




Crompton Greaves Consumer Electricals : Consolidated Results
 Quarter endedYear ended
Particulars202406202306Var.(%)202403202303Var.(%)
Net Sales (including other operating income)2,137.691,876.8513.907,312.816,869.616.45
OPM (%)10.879.9097 bps9.7611.22-146 bps
OP232.37185.7725.08713.69770.47-7.37
Other Inc.23.7819.8020.1067.3966.780.91
PBIDT256.15205.5724.60781.08837.25-6.71
Interest15.5220.57-24.5579.19109.18-27.47
PBDT240.63185.0030.07701.89728.07-3.60
Depreciation37.1529.1827.31128.82115.9211.13
PBT203.48155.8230.59573.07612.15-6.38
Share of Profit/(Loss) from Associates00-00-
PBT before EO203.48155.8230.59573.07612.15-6.38
EO Income00-00-
PBT after EO203.48155.8230.59573.07612.15-6.38
Taxation51.1333.7951.32131.29135.75-3.29
PAT152.35122.0324.85441.78476.4-7.27
Minority Interest (MI)0.633.68-82.881.8613.19-85.90
Net profit151.72118.3528.20439.92463.21-5.03
P/(L) from discontinued operations net of tax00-00-
Net profit after discontinued operations151.72118.3528.20439.92463.21-5.03
EPS (Rs)*2.361.8428.206.847.20-5.03
* EPS is on current equity of Rs 128.67 crore, Face value of Rs 2, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database


Crompton Greaves Consumer Electricals : Consolidated Segment Results
 Quarter endedYear ended
% of (Total)202406202306Var.(%)% of (Total)202403202303Var.(%)
Sales
electric consumer durables80.771,726.621,428.9820.8373.745,392.184,755.6613.38
lighting products10.92233.33228.981.9013.65998.171,058.13-5.67
Butterfly Gandhimathi Appliances Limited8.31177.74218.89-18.8012.61922.461,055.82-12.63
Total Reported Sales100.002,137.691,876.8513.90100.007,312.816,869.616.45
Less: Inter segment revenues 0.000.00- 0.000.00-
Net Sales100.002,137.691,876.8513.90100.007,312.816,869.616.45
PBIT
electric consumer durables91.20258.66181.6442.4087.22774.65789.30-1.86
lighting products7.3520.8527.29-23.6011.86105.32100.524.78
Butterfly Gandhimathi Appliances Limited1.454.1015.96-74.310.928.1983.97-90.25
Total PBIT100.00283.61224.8926.11100.00888.16973.79-8.79
Less : Interest15.5220.57-24.5579.19109.18-27.47
Add: Other un-allcoable-64.61-48.50-33.22-235.90-252.466.56
PBIT Margin(%)
electric consumer durables 14.9812.71226.95 14.3716.60-223.09
lighting products 8.9411.92-298.22 10.559.50105.15
Butterfly Gandhimathi Appliances Limited 2.317.29-498.46 0.897.95-706.52
PBT100.00203.48155.8230.59100.00573.07612.15-6.38
Previous News
  Crompton Greaves Consumer Electricals
 ( Results - Analysis 20-May-25   08:57 )
  Crompton Greaves Consumer Electricals consolidated net profit rises 27.74% in the December 2024 quarter
 ( Results - Announcements 13-Feb-25   07:38 )
  Crompton Greaves Consumer Electricals consolidated net profit rises 5.49% in the March 2024 quarter
 ( Results - Announcements 16-May-24   18:22 )
  Crompton Greaves spurts as Q2 PAT jumps 30% YoY to Rs 123 cr
 ( Hot Pursuit - 18-Nov-24   10:15 )
  Volumes soar at Crompton Greaves Consumer Electricals Ltd counter
 ( Hot Pursuit - 17-Mar-25   11:00 )
  Crompton Greaves Consumer Electricals Ltd Falls 3.89%
 ( Hot Pursuit - 26-Sep-24   09:30 )
  Crompton Greaves Consumer Electricals Ltd Slips 3.61%
 ( Hot Pursuit - 23-Apr-25   09:30 )
  Crompton Greaves Consumer Electricals standalone net profit declines 43.06% in the December 2022 quarter
 ( Results - Announcements 03-Feb-23   07:38 )
  Crompton Greaves Consumer Electricals
 ( Results - Analysis 03-Mar-24   18:00 )
  Crompton Greaves Consumer Electricals consolidated net profit declines 40.52% in the December 2022 quarter
 ( Results - Announcements 03-Feb-23   07:39 )
  Crompton Greaves Consumer Electricals fixes record date for dividend
 ( Market Beat - Reports 16-May-24   17:15 )
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