Crompton Greaves Consumer Electricals

Indian household appliance maker Crompton Greaves Consumer Electricals reported a near 18% drop in September-quarter profit, dented by higher expenses and subdued performance

Crompton Greaves Consumer Electricals Ltd on Friday reported a 33 per cent increase in consolidated net profit at Rs 125.95 crore in the first quarter ended June 30, on the back of higher sales

Crompton Greaves Consumer Electricals Ltd on Monday said it plans to raise long-term funds up to Rs 925 crore through the issuance of non-convertible debentures on a private placement basis

The Rs 2,076 crore buy to earnings accretive from second year of acquisition

Shares of Crompton Greaves Consumer Electricals also rallied 5 per cent to Rs 396.35 on the BSE in intra-day trade

Despite the correction on Monday, analysts are positive on the stock given multiple triggers

Jefferies estimates a 13% annual growth in topline during FY20-23, as well as margin expansion

The company's Ebitda margin improved 380 basis points at 15.8 per cent in Q2FY21

The company had posted a net profit of Rs 110.88 crore in the July-September period a year ago, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a BSE filing

Crompton Greaves Consumer Electricals on Friday reported a 38.90 per cent decline in its consolidated profit to Rs 74.80 crore for the quarter ended June 30, 2020, due to lower income

With products less discretionary and seasonal in nature, company's growth could see faster recovery, say analysts

While lighting segment saw continued pricing pressure, the electrical consumer durables segment was the show stopper in December quarter

Lists at Rs 126, far higher than PE promoters' open offer price

The stock locked in upper circuit of 5% at Rs 135 on the National Stock Exchange.