Crompton Greaves Consumer Electricals Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Crompton Greaves reported a consolidated net loss of Rs 230.76 crores for FY2026, a sharp reversal from net profit of Rs 564.08 crores in FY2025. Revenue grew marginally by 2.9% to Rs 8,095.52 crores. The loss was primarily driven by exceptional items totaling Rs 756.44 crores, which included a Rs 716.04 crore impairment charge on investment in subsidiary Butterfly Gandhimathi Appliances Limited and associated trademarks, Rs 20.04 crores for new labour code compliance, and Rs 20.36 crores for Vadodara plant restructuring. Profit before exceptional items declined 10.5% to Rs 677.14 crores. The board recommended dividend of Rs 3 per share (150% of face value). Statutory auditors MSKA & Associates issued an unmodified opinion on the financial statements.
The massive impairment write-down on the Butterfly acquisition has turned FY2026 into a loss-making year despite stable revenues. While the core business remains profitable before exceptional items, shareholders should monitor the integration and performance of the Butterfly subsidiary going forward.