Shares of Crompton Greaves Consumer Electrical surged 7% after the company reported stellar Q2 results. Investors celebrated a 27.8% YoY rise in consolidated net profit to ₹124.9 crore, alongside a 6.4% revenue increase to ₹1,896 crore. By 1:40 PM, the stock traded 4% higher at ₹385, boasting a year-to-date gain of 23%, significantly outperforming the Nifty 50, which gained 8% in the same period.
Revenue breakdown and why you should buy shares online
Crompton Greaves Electric Consumer Durables (ECD) segment led the charge, with revenue jumping to ₹1,392.7 crore from ₹1,238 crore. Lighting Products also saw growth, increasing revenue to ₹253 crore from ₹238.7 crore. However, its Butterfly Products segment reported a decline, falling to ₹250.2 crore from ₹305.6 crore.
The company’s strategic pricing adjustments across categories helped mitigate rising commodity costs and regulatory changes. Its fans category, in particular, saw sustainable growth and margin improvements. With an EBIT margin rising to 9.7% from 9.1% in the previous year, Crompton Greaves has demonstrated its resilience.
For investors exploring opportunities, platforms that allow you to buy shares online provide an efficient way to capitalise on the company’s strong fundamentals. Staying updated on performers like Crompton Greaves is crucial when considering where to invest.
Key takeaways
For android only