Crompton Greaves Consumer Electricals Ltd (CROMPTON)

Crompton Greaves Reports Strong Financial Results - 18 May, 2024

Crompton Greaves Consumer Electricals reported strong financial results for Q4FY24, with consolidated revenue of Rs. 1,961 cr and EBIT at Rs. 169 cr. LKP Research has recommended a 'Buy' rating for the stock with a target price of Rs 435.

Crompton Greaves Consumer Electricals Reports Strong Q4 Results - 17 May, 2024

Crompton Greaves Consumer Electricals reports strong Q4 results with revenue up 9.49% YoY and net profit up 5.49% YoY. The company sold over two crore fans in FY24, with the B2B business driving growth in the lighting segment. Shares surged 15% on the back of a 56% sequential jump in consolidated net profit.

Crompton Greaves Consumer Electricals Posts Increase in Net Profit and Recommends Dividend - 16 May, 2024

Crompton Greaves Consumer Electricals reported an increase in net profit for Q4 FY2024 and recommended a final dividend of ₹3 per equity share for FY2024. The board also approved the shifting of the company's registered office from Mumbai to Vikhroli.

Crompton Greaves Consumer Electricals Receives Patent, Reports 15% Revenue Growth - 15 May, 2024

Crompton Greaves Consumer Electricals has been granted a patent for Powerline Failure Detection Mechanism and reported a 15% YoY growth in Q3FY24 revenue. The stock jumped 2% on the day.

Crompton Greaves Consumer Electricals Secures Top Ranking in Dow Jones Sustainability Index - 14 May, 2024

Crompton Greaves Consumer Electricals has secured a top ranking in the Dow Jones Sustainability Index for its outstanding ESG performance, placing 7th among peers in the DHP Household Durables sector and underlining its dedication to sustainable practices.

Crompton Greaves Consumer Electricals Hits 52-Week High on Solar Pumping System Order - 08 May, 2024

Shares of Crompton Greaves Consumer Electricals hit a 52-week high after securing its fourth consecutive order for solar water pumping system from HAREDA, Haryana under PM-KUSUM Scheme. The company aims to deploy over 10,000 solar powered pumps in the next few years. Despite subdued demand, the company achieved revenue of Rs 5,352 crore in the first nine months of fiscal 2024. Analysts predict that green shoots seen in rural demand recovery, cost optimization and recent price hikes will help improve margins.

Crompton Greaves Consumer Electricals Stock Increases by 14% - 24 Apr, 2024

Crompton Greaves Consumer Electricals stock has increased significantly by 14% over the past month. The company's financial indicators, particularly ROE, are being studied to see if they played a role in the recent price move.