Crompton Greaves Consumer Electricals has announced its Q1 FY25 results on July 31, 2024, showcasing robust growth in both revenue and profit.

Financial Performance Highlights

Revenue and Profit:

Total Revenue: Crompton Greaves reported a revenue of ₹2,137.69 crore for Q1 FY25, marking a significant 13.9% increase from ₹1,876.85 crore in the same quarter last year.

Net Income: The company’s net profit surged by 28.2% YoY, reaching ₹151.72 crore, compared to ₹118.35 crore in Q1 FY24.

Quarter-over-Quarter Growth:

Revenue Growth: Revenue grew by 9.01% compared to the previous quarter’s figure of ₹1,961 crore.

Profit Growth: Net profit saw a 9.66% increase from ₹138.36 crore in Q4 FY24.

Expense and Income Trends

Selling, General, and Administrative Expenses (SG&A):

SG&A Expenses: These rose by 7.28% q-o-q to ₹161.69 crore from ₹150.72 crore in Q4 FY24. The increase was 12.79% YoY.

Operating Income:

Operating Income: Increased by 15.82% q-o-q to ₹195.22 crore, up from ₹168.56 crore in Q4 FY24. On a YoY basis, it grew by 24.67% from ₹156.59 crore.

Depreciation and Amortization:

Depreciation: Increased by 6.02% q-o-q to ₹37.15 crore from ₹35.04 crore. It also rose 27.31% YoY from ₹29.18 crore.

Net Income Before Taxes:

Net Income Before Taxes: Rose by 20.37% q-o-q to ₹203.48 crore, compared to ₹169.04 crore in Q4 FY24. YoY, it increased by 30.59% from ₹155.82 crore.

Also Read : ITC Ltd Q1 FY25 Results Preview: Key Expectations and Insights

Earnings Per Share (EPS):

EPS: The diluted normalized EPS stood at ₹2.36 for Q1 FY25, reflecting a 27.57% increase YoY from ₹1.85 in Q1 FY24.

Stock Performance and Market Outlook

Stock Return: Crompton Greaves has delivered a 49% return over the past 6 months and 45.19% YTD.

Market Capitalization: The company has a market cap of ₹28,659.78 crore with a 52-week high/low of ₹460.9 and ₹261.25, respectively.

Analyst Recommendations

As of August 1, 2024:

Out of 32 analysts covering Crompton Greaves, 7 analysts have given a Hold rating, 15 analysts have a Buy rating, and 10 analysts have a Strong Buy rating.

The overall consensus recommendation is to Buy.

Conclusion

Crompton Greaves Consumer Electricals has demonstrated strong financial performance in Q1 FY25, with notable increases in revenue and profit. The company’s robust growth across key metrics reflects positive operational performance and strong market positioning. Investors and analysts will be watching closely to gauge the company’s continued performance and strategic direction in the upcoming quarters.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX & Upstox.