Crompton Greaves' Electrifying Profit Surge: A Q2 Financial Journey

Crompton Greaves Consumer Electricals Ltd reported a 26.9% increase in consolidated net profit, reaching Rs 128.07 crore in Q2 of FY25. Revenue grew by 6.4% to Rs 1,896.01 crore. While net profit rose, revenue from the subsidiary, Butterfly, fell 18.13% to Rs 250.18 crore.

Crompton Greaves Consumer Electricals Ltd announced a substantial 26.9% rise in its consolidated net profit to Rs 128.07 crore for the second quarter ending September 2024. This marks a significant increase from the Rs 100.87 crore recorded in the same period last year, according to the company's latest regulatory filing.

The company's revenue from operations saw a notable improvement, climbing 6.4% to Rs 1,896.01 crore in Q2, compared to Rs 1,782.27 crore in the previous year. However, CGCEL's total expenses rose to Rs 1,742.79 crore, an uptick of 4.9% from the previous year.

In detailed sector performance, CGCEL's electric consumer durables segment surged 12.5% to Rs 1,392.7 crore, while the lighting products business grew 6% to Rs 253.13 crore. In contrast, revenue from its subsidiary, Butterfly, declined by 18.13% to Rs 250.18 crore. On the day of the announcement, shares of CGCEL closed at Rs 371.20 on BSE, registering a 3.62% decrease.

(With inputs from agencies.)