Crompton Greaves Consumer Electricals Limited has informed the Exchange regarding Change in Auditors of the company.
CROMPTON · price
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Crompton Greaves Consumer reported FY2026 consolidated revenue of ₹8,095.52 crore, up 3% from ₹7,864.08 crore last year. However, the company posted a consolidated net loss of ₹230.76 crore versus profit of ₹564.08 crore in FY2025, due to exceptional items totaling ₹756.44 crore. This includes a ₹716.04 crore impairment on goodwill and intangible assets of its Butterfly subsidiary, ₹20.04 crore provision for new labour codes, and ₹20.36 crore for Vadodara plant restructuring. The Board recommended a dividend of ₹3 per share (150% of face value). Statutory auditor MSKA & Associates was re-appointed for another 5-year term. The company also amended several policies including Code of Conduct, Related Party Transaction Policy, and Risk Management Policy.
The massive goodwill impairment indicates significant stress in the Butterfly acquisition, raising concerns about past investment decisions. Despite steady revenue growth, the bottom-line loss will likely pressure the stock in the near term, though the dividend provides some investor support.