Crompton Greaves Consumer Electricals Ltd Q3FY21 consolidated net profit at Rs. 151.09 crore

Crompton Greaves Consumer Electricals Ltd has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1368.06 crores during the period ended December 31, 2020 as compared to Rs.1229.87 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.151.09 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.141.68 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.2.39 for the period ended December 31, 2020 as compared to Rs.2.24 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 1368.06 crs	₹ 1229.87 crs	11.24%
Net Profit	₹ 151.09 crs	₹ 141.68 crs	6.64%
EPS	₹ 2.39	₹ 2.24	6.7%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.1368.06 crores during the period ended December 31, 2020 as compared to Rs.1088.83 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.151.09 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.160.97 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.2.39 for the period ended December 31, 2020 as compared to Rs.2.55 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 1368.06 crs	₹ 1088.83 crs	25.64%
Net Profit	₹ 151.09 crs	₹ 160.97 crs	-6.14%
EPS	₹ 2.39	₹ 2.55	-6.27%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.3336.61 crores during the 9 months period ended December 31, 2020 as compared to Rs.3541.01 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.367.57 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.394.29 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.5.81 for the 9 months period ended December 31, 2020 as compared to Rs.6.24 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 3336.61 crs	₹ 3541.01 crs	-5.77%
Net Profit	₹ 367.57 crs	₹ 394.29 crs	-6.78%
EPS	₹ 5.81	₹6.24	-6.89%

Commenting on the Quarter results, Company's Managing Director Shantanu Khosla said "ECD segment continues its strong performance and the business grew across categories and geographies. B2C LED lighting business continues to register improved volume growth with corresponding value growth. Lighting B2B activity remained challenging due to slow order pick up from institutional clients. Our strategic investments in sales channels, consumer centric product innovation and technology enablement have aided the strong performance. E-com and Rural channels reported increased share in the overall business. Cost reduction program delivered strong results driving bottom line faster than topline."

The Board of Directors of the Company has approved the appointment of Mr. Mathew Job (currently the Chief Executive Officer) as an Additional Director on the Board, designated as Executive Director and Chief Executive Officer of the Company with immediate effect.
Shares of Crompton Greaves Consumer Electricals Ltd was last trading in BSE at Rs.428.15 as compared to the previous close of Rs. 438.55. The total number of shares traded during the day was 198018 in over 6565 trades.

The stock hit an intraday high of Rs. 455.6 and intraday low of 420.55. The net turnover during the day was Rs. 86837302.

Source : Equity Bulls

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