Crompton Greaves Consumer Electricals Limited has informed the Exchange that Board of Directors at its meeting held on May 13, 2026, recommended Final Dividend of Rs. 3 per equity share.
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Crompton Greaves Consumer Electricals reported its board meeting outcome for Q4 and FY2026 ended March 31, 2026. The company recommended a final dividend of Rs. 3 per equity share (150% of Rs. 2 face value). Financially, consolidated revenue from operations increased to Rs. 8,095.52 crores from Rs. 7,864.08 crores in the previous year. However, the company reported a consolidated net loss of Rs. 230.76 crores for FY2026 compared to a net profit of Rs. 564.08 crores in FY2025. This significant decline was primarily due to an exceptional item of Rs. 756.44 crores, comprising a Rs. 716.04 crore impairment charge on goodwill and intangible assets related to its Butterfly subsidiary, Rs. 20.04 crore labour code adjustment, and Rs. 20.36 crore plant restructuring cost. Excluding exceptional items, operating profit before tax stood at Rs. 677.14 crores. The 12th AGM is scheduled for August 7, 2026, with record date July 24, 2026 for dividend entitlement.
The company swung to a loss due to a large impairment charge on its Butterfly subsidiary, which may concern investors. However, the dividend recommendation at Rs. 3 per share indicates the board's confidence in maintaining shareholder returns despite the one-time hit from asset impairment.