Re-appointment of Statutory Auditors for a second consecutive term of 5 years.
CROMPTON · price
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Crompton Greaves reported FY2026 consolidated revenue of Rs 8,095.52 crore, up 2.9% from Rs 7,864.08 crore last year. However, the company posted a net loss of Rs 230.76 crore compared to a net profit of Rs 564.08 crore in FY2025, primarily due to a Rs 716.04 crore impairment charge on its investment in Butterfly Gandhimathi Appliances subsidiary and associated trademarks. Excluding exceptional items, profit before tax was Rs 677.14 crore versus Rs 756.21 crore. The Board recommended a dividend of Rs 3 per share (150% of face value), with record date July 24, 2026 and AGM on August 7, 2026. MSKA & Associates LLP was re-appointed as statutory auditors for a second consecutive 5-year term.
The massive impairment charge has pushed the company into net loss territory this year, which will likely weigh on the stock price. Revenue growth is sluggish at under 3%, and operational profit also declined. The dividend offer provides some support to shareholders despite the weak financial performance.