Crompton Greaves Consumer Electricals Ltd posts consolidated PAT of Rs. 74.80 crore in Q1

Crompton Greaves Consumer Electricals Ltd has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.738.68 crores during the period ended June 30, 2020 as compared to Rs.1038.30 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.74.80 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.102.10 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.1.18 for the period ended June 30, 2020 as compared to Rs.1.62 for the period ended March 31, 2020.

Financials	Q1 FY2020-21	Q4 FY19-20	% Change
Total Income	₹ 738.68 crs	₹ 1038.30 crs	-28.86%
Net Profit	₹ 74.80 crs	₹ 102.10 crs	-26.74%
EPS	₹ 1.18	₹ 1.62	-27.16%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.738.68 crores during the period ended June 30, 2020 as compared to Rs.1364.14 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.74.80 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.122.44 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.1.18 for the period ended June 30, 2020 as compared to Rs.1.94 for the period ended June 30, 2019.

Financials	Q1 FY2020-21	Q1 FY2019-20	% Change
Total Income	₹ 738.68 crs	₹ 1364.14 crs	-45.85%
Net Profit	₹ 74.80 crs	₹ 122.44 crs	-38.91%
EPS	₹ 1.18	₹ 1.94	-39.18%

Commenting on the Quarter results, Company's Managing Director, Shantanu Khosla said "During these unprecedented times, the health and safety of our employees received our highest attention. Business confidence picked up in May and the revival gathered pace in June across all product categories. The Company's robust cost management and operational efficiency programmes aided in improving margins sequentially. However, Covid-19 had a significant adverse impact on the Company's volumes because of lockdowns. Even as the gradual unlocking continues, fresh restrictions and temporary lockdowns imposed in select cities, extend the tenure of uncertainty. Thus, it would be premature to say that the problems are completely behind us.

Cash conversion recorded significant improvement supported by actions on driving collections and working capital management. Margin resilience and robustness of the cash conversion cycle were key highlights of this quarter's performance."

Shares of Crompton Greaves Consumer Electricals Ltd was last trading in BSE at Rs.252 as compared to the previous close of Rs. 245.75. The total number of shares traded during the day was 18478 in over 955 trades.

The stock hit an intraday high of Rs. 253 and intraday low of 244.7. The net turnover during the day was Rs. 4640978.

Source : Equity Bulls

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