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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 9.49 % in the past year, substantial increase in net sales/revenue by 15.85 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -4.35 %, Marginal decrease of -3.78% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Crompton Greaves Consumer Electricals Limited. Notable increase of 1.43 % in net profit Year to Year, Crompton Greaves Consumer Electricals Limited’s profitability increased by 56.15 % in this quarter.
- EPS over the Year and quarter: EPS increased by 4.35 % Year to Year. EPS increased by 60 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 1790.96 Cr | Rs. 1692.69 Cr | Rs. 1961 Cr | + 15.85 % | + 9.49 % |
Expenses | Rs. 1579.52 Cr | Rs. 1542.89 Cr | Rs. 1757.4 Cr | + 13.9 % | + 11.26 % |
Operating Profit | Rs. 211.44 Cr | Rs. 149.8 Cr | Rs. 203.6 Cr | + 35.91 % | -3.71 % |
OPM % | 11.81 % | 8.85 % | 10.38 % | + 1.53 % | -1.43 % |
Other Income | Rs. 16.77 Cr | Rs. 16.67 Cr | Rs. 16.04 Cr | -3.78 % | -4.35 % |
Interest | Rs. 27.38 Cr | Rs. 21.53 Cr | Rs. 15.56 Cr | -27.73 % | -43.17 % |
Depreciation | Rs. 30.4 Cr | Rs. 32.48 Cr | Rs. 35.04 Cr | + 7.88 % | + 15.26 % |
Profit before tax | Rs. 170.43 Cr | Rs. 112.46 Cr | Rs. 169.04 Cr | + 50.31 % | -0.82 % |
Tax % | 22.81 % | 24.02 % | 21.07 % | -2.95 % | -1.74 % |
Net Profit | Rs. 131.55 Cr | Rs. 85.45 Cr | Rs. 133.43 Cr | + 56.15 % | + 1.43 % |
EPS in Rs | Rs. 2.07 | Rs. 1.35 | Rs. 2.16 | + 60 % | + 4.35 % |
Today, we’re looking at Crompton Greaves Consumer Electricals Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 9.49 %. However, it did see a marginal increase of 15.85 % from the previous quarter. Expenses ticked up slightly by 13.9 % quarter-on-quarter, aligning with the annual rise of 11.26 %. Operating profit, while down -3.71 % compared to last year, faced a quarter-on-quarter increase of 35.91 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.43 %, but an expansion of 1.53 % sequentially. Other income fell by -3.78 % compared to the last quarter, despite an annual decline of -4.35 %. Interest expenses dropped significantly by -27.73 % from the previous quarter, yet the year-over-year decrease remains at a moderate -43.17 %. Depreciation costs climbed by 7.88 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 15.26 %. Profit before tax declined annually by -0.82 % but saw an increase from the preceding quarter by 50.31 %.
Tax expenses as a percentage of profits decreased slightly by -1.74 % compared to last year, with a more notable quarter-on-quarter decrease of -2.95 %. Net profit rose by 1.43 % year-on-year but experienced a 56.15 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 4.35 % but a quarterly rise of 60 %. 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. 1790.96 Cr | Rs. 1692.69 Cr | Rs. 1961 Cr | + 15.85 % | + 9.49 % |
Expenses | Rs. 1579.52 Cr | Rs. 1542.89 Cr | Rs. 1757.4 Cr | + 13.9 % | + 11.26 % |
Operating Profit | Rs. 211.44 Cr | Rs. 149.8 Cr | Rs. 203.6 Cr | + 35.91 % | -3.71 % |
Net Profit | Rs. 131.55 Cr | Rs. 85.45 Cr | Rs. 133.43 Cr | + 56.15 % | + 1.43 % |
EPS in Rs | Rs. 2.07 | Rs. 1.35 | Rs. 2.16 | + 60 % | + 4.35 % |
In reviewing Crompton Greaves Consumer Electricals Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 9.49 % year-on-year growth, however, there was a minor increase of 15.85 % from the previous quarter. Expenses rose by 11.26 % compared to the previous year, with a 13.9 % increase quarter-on-quarter. Operating Profit dropped by -3.71 % annually, and saw a 35.91 % increase from the last quarter.
Net Profit showed yearly increase of 1.43 %, and experienced a 56.15 % increase from the previous quarter. Earnings Per Share (EPS) rose by 4.35 % annually, however rose by 60 % 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.