Crompton Greaves - Q1 FY14 results First Cut - Microsec

Crompton Greaves announced its Q1 FY14 results on 06 August 2013.

The company's Net Sales increased by 12% YOY to INR3157 crore and its EBITDA decreased by 13% YOY to INR145 crore but EBITDA Improved by 86% QOQ . EBITDA Margin of the company decreased from 5.9% to 4.6% YOY but improved from EBITDA Margin of 2.3% QOQ. PAT of the company decreased by 30% YOY to INR60 crore but improved by 138% QOQ.

At the current level of INR82, we maintain 'ACCUMULATE' at the Stock as Power sector has shown sign of revival by posting an EBIT of INR27 crore VS Loss of INR59 crore QOQ and also performance of Consumer division was satisfactory with a sales growth of 21% YOY and EBIT Growth of 13%.

Also the Company is in advance stage of fulfilling the requirement of SEBI for a buy-back programme which is expected to limit the downside of its share price.

Source : Equity Bulls

Keywords