Appointment of following auditors: - Internal Auditor - Cost Auditor - Tax Auditor
CROMPTON · price
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Crompton Greaves Consumer Electricals reported FY2026 consolidated revenue of ₹8,095.52 crore, up 3% from ₹7,864.08 crore in FY2025. However, the company posted a consolidated net loss of ₹230.76 crore compared to a profit of ₹564.08 crore in the previous year. This significant decline was primarily due to a ₹716.04 crore impairment charge on its investment in Butterfly Gandhimathi Appliances subsidiary and associated intangible assets. Excluding exceptional items, operating profit was ₹677.14 crore versus ₹756.21 crore last year. The Board recommended a dividend of ₹3 per share (150% of ₹2 face value). All auditors (statutory, cost, internal, and tax) were re-appointed for FY2026-27.
The large impairment charge and net loss are negative for short-term shareholder returns, though the underlying business showed modest revenue growth. The dividend provides some investor compensation. The impairment reduces goodwill and asset values but does not affect cash flows directly.