CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED
RESULTS FOR QUARTER ENDED DECEMBER 2018
Mumbai : The Board of Directors at its meeting held on 29th January 2019 approved the results of the Company for the quarter ended 31st December 2018. Total Income for the quarter was Rs. 1,030.3 cr, a growth of 9.8% year on year (y-o-y). Electrical Consumer Durables segment grew by 16.3%, driven by strong performance in our core decorative and eco fans and pumps segments.
Profit after tax for Q3FY19 was at Rs 79.7 cr., up by 14.6%. PAT margin went up from 7.4% in Q3FY18 to 7.7% in the current quarter majorly due to our sustained cost reduction efforts and improvement in overall efficiency.
Commenting on the Quarter results, Company’s Managing Director Shantanu Khosla said “Core ECD segment has shown strong profitable growth driven by focused launches in Decorative fans category, complete refresh of Geyser portfolio and strong implementation of ‘Go-to-market’ initiatives. In Lighting, the LED segment posted healthy value growth underpinned by an even higher volume growth. Accelerated cost savings program, through efficiency in purchase and operations, is reflected in our improved margins in Lighting segment.”
Crompton is India’s market leader in fans, No. 1 player in residential pumps and has leading market positions in its other product categories. The Company manufactures and markets a wide spectrum of consumer products, ranging from fans, lamps and luminaries to pumps and household appliances such as water heaters, mixer grinders, coolers and irons. The Company has strong dealer base across the country and wide service network offering robust after sales service to its customers.