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Crompton Greaves Consumer Electricals Limited announces FY18 results

Posted On: 2018-05-16 10:26:09

The Board of directors of Crompton Greaves Consumer Electricals Limited, at its meeting held on 15th May, 2018 approved the results of the Company for the quarter ended 31st March, 2018 and full year ended 31st March 2018. Total Income for the quarter was Rs. 1126.3 Crs, a growth of 4.7% year on year (y-o-y). Comparable Revenue after adjusting for the impact of excise grew by 12.9%. Total Income for the year was Rs. 4105.1 Crs, a comparable revenue growth of 8.4%. FY18 revenue was impacted by GST implementation in Q1FY18. Comparable revenue growth for 9 months post GST implementation was 13.4%. This growth has largely been driven by underlying volume growth.

Profit After Tax for Q4FY18 was at Rs 103.2 Crs, up by 32.4%. PAT margin increased from 7.2% in Q4 FY17 to 9.2% in Q4FY18. Profit After Tax for full year FY18 was at Rs 323.8 Crs, up by 14.3%. PAT margin increased from 7.0% in FY17 to 7.9% in FY18. Our sustained cost reduction efforts and focus towards premiumisation helped improve profitability.

The Board of directors recommended a dividend of Rs. 1.75/share.

Commenting on the Quarter results, Company's Managing Director Shantanu Khosla said "Last quarter has been another good one for the company. We have grown our topline and improved profitability in line with the targets we had set out. We have stepped up our focus on building our 'go to market', leveraging our data systems, analytics and strong distributor partnerships. This along with our continuing efforts on consumer centric product innovation will be key to continued share and revenue growth."

Shares of Crompton Greaves Consumer Electricals Ltd was last trading in BSE at Rs.228.5 as compared to the previous close of Rs. 234.75. The total number of shares traded during the day was 32211 in over 777 trades.

The stock hit an intraday high of Rs. 239.8 and intraday low of 228.5. The net turnover during the day was Rs. 7486933.

Source: Equity Bulls

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