Crompton Consumer logs marginal growth in Q4FY22 numbers; stock zooms ~3%

31 May 2022 , 01:44 PM

Crompton Greaves Consumer Electricals Limited has reported financial results for the quarter and year ended March 31, 2022, and has posted healthy FY22 performance with a 3-year Sales/PAT CAGR of 6%/17%, along with share gains, and stringent cost savings and near-flat GMs yoy.

The company achieved sales of Rs1,547.90 crore in Q4FY22 as compared to Rs1,522.10 crore in Q4FY21, up by 2% yoy, and 10% over the last quarter. Sales for FY22 stood at Rs5,394.10 crore, against Rs4,803.50 crore in FY21.

EBITDA for the quarter under review stood at Rs228.80 crore as compared to Rs228 crore, up by 14% on a sequential basis. For FY22, EBITDA was reported at Rs769.50 crore as compared to Rs720.50 crore in FY21.

Company’s PAT for Q4FY22 was reported at Rs189.50 crore as against Rs148.30 crore in the previous corresponding quarter, registering a growth of 10% yoy and 28% over the last quarter. PAT for the financial year under review stood at Rs578.40 crore against Rs616.70 crore in FY21.

EBITDA margin for Q4FY22 was 14.80% against 15% in Q4FY21, down by 20 bps. PAT margin for Q4FY22 was reported at 12.20%, up by 91 bps against 11.30% in the previous corresponding quarter.

At around 1.48 PM, Crompton Consumer Electricals was trading at Rs363.20 up by Rs11.8 or 3.36% from its previous closing of Rs351.40 on the BSE. The scrip touched intraday high and low of Rs363.60 and Rs351.40 respectively.