The Board of Directors at its meeting held today i.e, May 13, 2026 recommended dividend at Rs. 3/- per equity share of face value of Rs. 2/- each for the financial year ended March 31, ....
CROMPTON · price
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Crompton Greaves Consumer reported FY2026 consolidated revenue of Rs 8,095.52 crore, up 2.9% YoY. However, the company posted a consolidated net loss of Rs 230.76 crore (vs profit of Rs 564.08 crore in FY2025) due to exceptional items totaling Rs 756.44 crore, primarily comprising a Rs 716.04 crore impairment on its Butterfly Gandhimathi subsidiary investment and associated intangible assets. Excluding exceptional items, standalone profit before tax was Rs 663.92 crore vs Rs 755.59 crore. The Board recommended a dividend of Rs 3 per share (150% on face value of Rs 2), subject to shareholder approval at the 12th AGM on August 7, 2026. Record date for dividend entitlement is July 24, 2026. Statutory auditors MSKA & Associates were reappointed for a second 5-year term.
The stock is likely to face pressure due to the substantial net loss and large goodwill impairment write-down, despite management recommending an unchanged dividend - which may be viewed positively by income investors. The Butterfly subsidiary impairment signals integration challenges.