Leading consumer electricals stock engaged in manufacturing and supplying a wide range of consumer products ranging from fans, air coolers, pumps, solar pumps, and many more, breaks 15 percent upper circuit in the day’s trade upon posting its Q4FY24 results and announcing a final dividend of Rs. 3.
With a market capitalization of Rs. 25,223 Crores, the shares of Crompton Greaves Consumer Electricals Limited were trading at Rs. 392.20, up 15.78 percent from its previous day’s close price of Rs. 338.75.
Its revenue from operations grew by 9.49 percent YoY from Rs. 1,790.96 Crores in Q4FY23 to Rs. 1,961 Crores in Q4FY24 and it grew by 15.85 percent QoQ from Rs. 1,692.69 Crores in Q3FY24 to Rs. 1,961 Crores in Q4FY24. Annually it generated a revenue of Rs. 6,869.61 Crores in FY23 and Rs. 7,312.81 Crores in FY24 indicating a growth of 6.45 percent YoY.
Its Net Profit grew by 1.42 percent from Rs. 131.55 Crores in Q4FY23 to Rs. 133.43 Crores in Q4FY24 and it grew by 56 percent QoQ from Rs. 85.45 Crores in Q3FY24 to Rs. 133.43 Crores in Q4FY24. Annually it generated a profit of Rs. 476.40 Crores in FY23 and Rs. 441.78 Crores in FY24 indicating a decline of 7.26 percent YoY.
In Addition, the Board of Directors of Crompton Greaves Consumer Electricals Limited has recommended a Final Dividend of Rs. 3 per equity share with a face value of Rs. 2 per share for the financial year 2023-24.
It has been recently granted a patent for an invention titled Powerline Failure Detection Mechanism for Emergency Lighting System in Consumer Products. This patent has been officially granted Patent Number 537920 for 20 years.
Crompton Greaves Consumer Electricals Limited is one of the leading Fast-Moving Electrical Goods manufacturers operate through two segments, Electric Consumer Durables (ECD) and Lighting.
It manufactures and supplies a wide range of consumer products ranging from fans, air coolers, pumps, solar pumps, appliances, LED Panels, floodlights, and many more under the brand name Crompton.
Written by: Bharath K.S
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