Crompton Greaves Consumer Electricals Ltd posts Rs. 94.76 crore consolidated PAT in Q1FY22

Crompton Greaves Consumer Electricals Ltd has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.1070.08 crores during the period ended June 30, 2021 as compared to Rs.1542.65 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.94.76 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.249.08 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.1.50 for the period ended June 30, 2021 as compared to Rs.3.94 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 1070.08 crs	₹ 1542.65 crs	-30.63%
Net Profit	₹ 94.76 crs	₹ 249.08 crs	-61.96%
EPS	₹ 1.50	₹ 3.94	-61.93%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.1070.08 crores during the period ended June 30, 2021 as compared to Rs.738.68 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.94.76 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.74.80 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.1.50 for the period ended June 30, 2021 as compared to Rs.1.18 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 1070.08 crs	₹ 738.68 crs	44.86%
Net Profit	₹ 94.76 crs	₹ 74.80 crs	26.68%
EPS	₹ 1.50	₹ 1.18	27.12%

The growth momentum of Q4 FY 21 continued till early April when the second wave impacted the business. Business recovery began from early June with easing of restrictions. Fans growth was driven by strong performance in Premium & Decorative Segment. Market share increased in Fans. Pumps growth was driven by residential pumps. Appliances business continued to deliver strong growth based on excellent consumer offerings of core categories viz. Coolers, Geysers and Mixer Grinders. Lighting business continued to deliver double digit EBIT margins.

Commenting on the Quarter results, Company's Managing Director, Shantanu Khosla said "Health & safety of our employees is of utmost importance to us. Currently we have 2 active cases amongst our employees and through intensive vaccination drives 89% have received at least one dose. ECD segment delivered strong growth across categories and geographies. B2C LED lighting business maintained its upward growth trajectory. While commodity cost pressures remained, timely actions have mitigated their impact."

Shares of Crompton Greaves Consumer Electricals Ltd was last trading in BSE at Rs. 475 as compared to the previous close of Rs. 458.75. The total number of shares traded during the day was 77728 in over 2993 trades.

The stock hit an intraday high of Rs. 479.15 and intraday low of 458.75. The net turnover during the day was Rs. 36648634.

Source : Equity Bulls

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