Crompton Greaves Consumer Electricals Ltd's Q4FY18 standalone net profit rises 29% yoy to Rs103.22cr : In-line with Estimates

The company’s standalone revenue stood at Rs1,126.31cr, up 7.65% yoy

May 15, 2018 02:05 IST India Infoline Research Team

Crompton Greaves Consumer Electrical Ltd Q4FY18

Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 1,126.31 7.7
EBITDA 164.47 27.5
EBITDA Margin (%) 14.6 227
Net Profit (adjusted) 103.22 29.0
***EBITDA margin change is bps


Reco. Price


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For 4QFY18, Crompton Greaves Consumer Electicals reported lower than expected numbers on revenue front, however bottom-line was in-line with estimates. The top-line during the quarter grew by 7.7% yoy to Rs1,126cr. EBITDA came in at Rs164.5cr, up 27.5% against consensus estimates of Rs159cr. EBITDA margin expanded by 227bps yoy to 14.6% during Q4FY18. PAT grew by 29% yoy to Rs103cr.

• Revenue in the Electric consumer durables (70% of Q4FY18 sales) grew by mere 1.9% yoy to Rs788.4cr. EBIT margin in the segment increased from 19.1% in Q4FY17 to 21.7% in Q4FY18.
• Lighting products segment's sales (30% of Q4FY18 sales) grew by 11.8% yoy to Rs337.9cr. EBIT margin in the segment jumped from 6.3% in Q4FY17 to  11.1% in Q4FY18.

Technical View:

Crompton Greaves Consumer Electrical Ltd is currently trading at Rs. 228.50, down by 6.25 points or 2.66% from its previous closing of Rs. 234.75 on the BSE.
The scrip opened at Rs. 238 and has touched a high and low of Rs. 239.80 and Rs. 228.50 respectively. So far 4,87,254 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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