Crompton Greaves Q2 FY27 Net Profit Rises 65% To ₹124.39 Crore; Revenue Grows 18%

Crompton Greaves Consumer Electricals Limited announced a significant surge in its Q2 FY27 net profit, up 64.9% to ₹124.39 crore. This marked a stark contrast to ₹75.42 crore reported in the same quarter last year. The company's revenue from operations also saw an 18.2% rise, reaching Rs 2,263.29 crore from ₹1,915.57 crore.

Throughout Q2 FY27, the company's total income jumped to ₹2,280.84 crore, while total expenses climbed to ₹2,113.91 crore. Profit before tax grew to ₹166.93 crore, and profit before exceptional items and tax also increased to the same figure. Notably, there was no exceptional charge in Q2 FY27, unlike the previous year's Rs 20.36 crore charge.

Sequentially, while the Q2 FY27 net profit saw a decline of 12.8% from the previous quarter, the company's performance was bolstered by the absence of exceptional charges. On a revenue front, the company's total income rose to ₹2,280.84 crore. However, the quarter-on-quarter revenue growth slowed to 1.3%, marking a 1.4% decline from the previous quarter.

In the half-year period, Crompton Greaves reported a 14.9% increase in revenue from operations to ₹4,498.31 crore, compared to ₹3,913.95 crore in the corresponding period last year. The net profit also witnessed a 34% rise, reaching ₹267.09 crore from ₹199.32 crore. Profit before tax saw an increase to ₹358.24 crore from ₹268.29 crore.

Segment-wise, the Electric Consumer Durables segment contributed Rs 1,634.49 crore, growing from ₹1,369.29 crore in the year-ago quarter. However, the company's Q3 profit fell by 9.8% to ₹101 crore, though revenue rose by 7.3% to ₹1,898 crore, exceeding market estimates.