Press Release
CROMPTON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Crompton reported Q4 FY26 consolidated revenue of Rs 2,283 Cr, up 10.8% YoY, with FY26 revenue at Rs 8,096 Cr (3% growth). However, reported PAT turned negative at Rs 531 Cr in Q4 and Rs 231 Cr for FY26 due to a Rs 716 Cr one-time non-cash impairment charge related to aligning the carrying value of Butterfly Gandhimathi investment with its value in use. Excluding exceptional items, PAT was Rs 172 Cr in Q4 and Rs 502 Cr for FY26. EBITDA margin compressed to 10.2% for FY26 from 11.5% previously, impacted by persistent cost pressures. Lighting segment delivered strong 14.3% revenue growth, while ECD grew 9.5%. Butterfly subsidiary showed strong 16.6% revenue growth with improved profitability. Board recommended dividend of Rs 3 per share at 42% payout ratio.
The large impairment charge creates a significant gap between reported and underlying earnings, which may cause short-term stock volatility. However, core business operations remain healthy with double-digit revenue growth across segments and strong cash flow generation, suggesting the underlying business is solid despite margin pressures.