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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 13.9 % in the past year, substantial increase in net sales/revenue by 9.01 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 20.1 %. Marginal increase in other income during this quarter, up by 48.25%.
- Profit over the Year and quarter: Significant improvement in profitability for Crompton Greaves Consumer Electricals Limited. Notable increase of 24.85 % in net profit Year to Year, Crompton Greaves Consumer Electricals Limited’s profitability increased by 14.18 % in this quarter.
- EPS over the Year and quarter: EPS increased by 26.88 % Year to Year. EPS increased by 9.26 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1876.85 Cr | Rs. 1961 Cr | Rs. 2137.69 Cr | + 9.01 % | + 13.9 % |
| Expenses | Rs. 1691.08 Cr | Rs. 1757.4 Cr | Rs. 1905.32 Cr | + 8.42 % | + 12.67 % |
| Operating Profit | Rs. 185.77 Cr | Rs. 203.6 Cr | Rs. 232.37 Cr | + 14.13 % | + 25.08 % |
| OPM % | 9.9 % | 10.38 % | 10.87 % | + 0.49 % | + 0.97 % |
| Other Income | Rs. 19.8 Cr | Rs. 16.04 Cr | Rs. 23.78 Cr | + 48.25 % | + 20.1 % |
| Interest | Rs. 20.57 Cr | Rs. 15.56 Cr | Rs. 15.52 Cr | -0.26 % | -24.55 % |
| Depreciation | Rs. 29.18 Cr | Rs. 35.04 Cr | Rs. 37.15 Cr | + 6.02 % | + 27.31 % |
| Profit before tax | Rs. 155.82 Cr | Rs. 169.04 Cr | Rs. 203.48 Cr | + 20.37 % | + 30.59 % |
| Tax % | 21.69 % | 21.07 % | 25.13 % | + 4.06 % | + 3.44 % |
| Net Profit | Rs. 122.03 Cr | Rs. 133.43 Cr | Rs. 152.35 Cr | + 14.18 % | + 24.85 % |
| EPS in Rs | Rs. 1.85 | Rs. 2.16 | Rs. 2.36 | + 9.26 % | + 27.57 % |
Today, we’re looking at Crompton Greaves Consumer Electricals Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 13.9 %. However, it did see a marginal increase of 9.01 % from the previous quarter. Expenses ticked up slightly by 8.42 % quarter-on-quarter, aligning with the annual rise of 12.67 %. Operating profit, while up 25.08 % compared to last year, faced a quarter-on-quarter increase of 14.13 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.97 %, but an expansion of 0.49 % sequentially. Other income rose by 48.25 % compared to the last quarter, despite an annual growth of 20.1 %. Interest expenses dropped significantly by -0.26 % from the previous quarter, yet the year-over-year decrease remains at a moderate -24.55 %. Depreciation costs climbed by 6.02 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 27.31 %. Profit before tax grew annually by 30.59 % but saw an increase from the preceding quarter by 20.37 %.
Tax expenses as a percentage of profits increased slightly by 3.44 % compared to last year, with a more notable quarter-on-quarter increase of 4.06 %. Net profit rose by 24.85 % year-on-year but experienced a 14.18 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 27.57 % but a quarterly rise of 9.26 %. In summary, Crompton Greaves Consumer Electricals Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1876.85 Cr | Rs. 1961 Cr | Rs. 2137.69 Cr | + 9.01 % | + 13.9 % |
| Expenses | Rs. 1691.08 Cr | Rs. 1757.4 Cr | Rs. 1905.32 Cr | + 8.42 % | + 12.67 % |
| Operating Profit | Rs. 185.77 Cr | Rs. 203.6 Cr | Rs. 232.37 Cr | + 14.13 % | + 25.08 % |
| Net Profit | Rs. 122.03 Cr | Rs. 133.43 Cr | Rs. 152.35 Cr | + 14.18 % | + 24.85 % |
| EPS in Rs | Rs. 1.85 | Rs. 2.16 | Rs. 2.36 | + 9.26 % | + 27.57 % |
In reviewing Crompton Greaves Consumer Electricals Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 13.9 % year-on-year growth, however, there was a minor increase of 9.01 % from the previous quarter. Expenses rose by 12.67 % compared to the previous year, with a 8.42 % increase quarter-on-quarter. Operating Profit surged by 25.08 % annually, and saw a 14.13 % increase from the last quarter.
Net Profit showed yearly increase of 24.85 %, and experienced a 14.18 % increase from the previous quarter. Earnings Per Share (EPS) rose by 27.57 % annually, however rose by 9.26 % compared to the last quarter. In essence, while Crompton Greaves Consumer Electricals Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
