Crompton Greaves Consumer Electricals Limited has informed the Exchange regarding Board meeting held on August 07, 2025.
CROMPTON · price
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On the reaction day the stock moved 1.4 pts more than Nifty Smallcap 250 and 1.4 pts more than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Crompton Greaves reported a weak start to FY26 with consolidated revenue from operations at ₹1,998.34 crores for Q1 FY26, down about 6.5% from ₹2,137.69 crores in Q1 FY25. Net profit fell roughly 19% YoY to ₹123.90 crores (from ₹152.35 crores), and profit before tax dropped to ₹166.09 crores from ₹203.48 crores. The Electric Consumer Durables segment saw the steepest decline (revenue down ~8% YoY to ₹1,586.25 crores), while Lighting was nearly flat and Butterfly Products posted modest growth. Operating margin compressed to 9.59% from 10.87% YoY, and net profit margin slipped to 6.13% from 7.05%. The Board also approved amending the company's main object clause to expand into renewable energy, solar products, and a wider range of consumer appliances, with a Postal Ballot to be sent to shareholders. Separately, ₹300 crores of secured non-convertible debentures were repaid on July 22, 2025, and 43,750 ESOP shares were allotted during the quarter. The auditor (MSKA & Associates) issued an unmodified limited review report.
Q1 results are disappointing for shareholders, with both revenue and profit declining YoY and margins coming under pressure, particularly in the core ECD segment. However, the low debt-equity ratio (0.08), completed NCD repayment, and the Board's push into solar/renewable energy and new product categories could be seen as long-term positives. Near-term sentiment may remain cautious until demand in ECD recovers.