Crompton Greaves Consumer Electricals Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 03, 2023 at 07:14 am EDT
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Crompton Greaves Consumer Electricals Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 17,822.7 million compared to INR 16,995 million a year ago. Revenue was INR 17,971.5 million compared to INR 17,178 million a year ago. Net income was INR 972.2 million compared to INR 1,257.9 million a year ago. Basic earnings per share from continuing operations was INR 1.52 compared to INR 2.06 a year ago. Diluted earnings per share from continuing operations was INR 1.52 compared to INR 2.05 a year ago.
For the six months, sales was INR 36,591.2 million compared to INR 35,624.4 million a year ago. Revenue was INR 36,938 million compared to INR 35,911.5 million a year ago. Net income was INR 2,155.7 million compared to INR 2,468 million a year ago. Basic earnings per share from continuing operations was INR 3.37 compared to INR 4.05 a year ago. Diluted earnings per share from continuing operations was INR 3.37 compared to INR 4.03 a year ago.
Crompton Greaves Consumer Electricals Limited is an India-based consumer electrical company. The Company operates through two segments: Electric Consumer Durables (ECD) and Lighting. It manufactures and distributes a range of consumer products ranging from fans, pumps, and appliances in the ECD segment and a full range of lighting products. Its product portfolio includes ceiling fans, table fans, pedestal fans, wall-mounted fans, heavy-duty exhaust fans, air circulators, industrial fans, residential pumps, agricultural pumps, solar pumps, specialty pumps, water heaters, air coolers, mixer grinders, irons, light-emitting diode (LED) lamps, LED battens, LED panels, LED streetlights and floodlights, incandescent lamps, compact fluorescent lamps, interior and indoor lighting, and fluorescent tubular lights. The Company markets its products under the Crompton brand name in India. The Company' manufacturing locations include Goa, Vadodara, Ahmednagar and Baddi.