The shares of the electrical equipment manufacturer gained up to 2 percent after the company bagged a prestigious letter of award from the Maharashtra Energy Development Agency worth Rs 10.60 crore.
Price Movement
With a market capitalization of Rs 21,528.98 crore, the shares of Crompton Greaves Consumer Electricals Ltd were trading at Rs 334.40 apiece, increasing around 0.69 percent as compared to the previous closing price of Rs 332.10 per share.
Reason for Rise
The shares of Crompton Greaves Consumer Electricals Ltd have seen bullish movement after bagged a prestigious letter of award from the Maharashtra Energy Development Agency for the design, manufacture, supply, transport, installation, testing, and commissioning of Solar Photovoltaic Water Pumping Systems (SPWPS) across various locations in Maharashtra with a value of over Rs 10.60 crore.
Moreover, Crompton reinforces its commitment to sustainable farming through efficient solar water pumps backed by robust R&D, advanced manufacturing, and a trusted service network. Under the PM-KUSUM Scheme, it plans to scale solar pump deployments, driving energy efficiency and supporting India’s agricultural transformation.
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Financial Performance
The company reported an increase of 4 percent YoY in revenue from operations from Rs 1,693 crore in Q3FY24 to Rs 1,769 crore in Q3FY25. Their Net profits increased by 32 percent YoY from Rs 85 crore to Rs 112 crore over the same period.
Powering Sustainable Growth
Crompton, with a 60,000+ sq ft advanced lab and 200+ engineers, launched 165 products in FY24. Backed by 19 patents, 80+ design registrations, and a strong innovation record, it drives sustainable farming and energy efficiency with state-of-the-art solar water pumping solutions under the PM-KUSUM Scheme.
Company profile
Crompton Greaves Consumer Electricals Limited operates through two segments: Electric Consumer Durables (ECD) and Lighting. It manufactures and distributes a range of consumer products, ranging from fans, pumps, and appliances in the ECD segment, and a full range of lighting products.
Written by Abhishek Singh
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