Crompton Greaves Consumer Electricals

23 Jul 2022 , 09:51 AM

 

Consolidated net sales (including other operating income) of Crompton Greaves Consumer Electricals for the quarter ended June 2022 has increased 77.34% to Rs 1862.94 crore.  Sales of electric consumer durables segment has gone up 52.33% to Rs 1,347.18 crore (accounting for 83.78% of total sales).  Sales of lighting products segment has gone up 61.29% to Rs 260.87 crore (accounting for 16.22% of total sales).  Profit before interest, tax and other unallocable items (PBIT) has jumped 46.34% to Rs 251.64 crore.  PBIT of electric consumer durables segment rose 46.70% to Rs 228.53 crore (accounting for 90.82% of total PBIT).  PBIT of lighting products segment rose 42.92% to Rs 23.11 crore (accounting for 9.18% of total PBIT).  PBIT margin of electric consumer durables segment fell from 17.61% to 16.96%.  PBIT margin of lighting products segment fell from 10.00% to 8.86%.  Overall PBIT margin fell from 16.44% to 15.65%.  Operating profit margin has declined from 11.90% to 11.81%, leading to 75.88% rise in operating profit to Rs 219.92 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 19.76% to 27.14%.   Purchase of finished goods cost fell from 48.49% to 43.92%.   Employee cost decreased from 8.27% to 7.10%.   Other expenses fell from 11.80% to 10.96%.   Other income fell 46.89% to Rs 10.41 crore.  PBIDT rose 59.24% to Rs 230.33 crore.  Provision for interest rose 123.54% to Rs 22.51 crore.  PBDT rose 54.43% to Rs 207.82 crore.  Provision for depreciation rose 264.07% to Rs 27.56 crore.  Profit before tax grew 41.94% to Rs 180.26 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 47.92 crore, compared to Rs 32.24 crore.  Effective tax rate was 27.56% compared to 25.39%.Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 27.70% to Rs 121.01 crore.  Promoters stake was 5.94% as of 30 June 2022 ,compared to 5.99% as of 30 June 2021 .  
 arch 2021.  

Crompton Greaves Consumer Electricals : Consolidated Results

Quarter ended Year ended Particulars 202206 202106 Var.(%) 202203 202103 Var.(%) Net Sales (including other operating income) 1,862.94 1,050.48 77.34 5,394.11 4,803.51 12.30 OPM (%) 11.81 11.90 -10 bps 14.26 15.00 -73 bps OP 219.92 125.04 75.88 769.45 720.48 6.80 Other Inc. 10.41 19.60 -46.89 72.65 75.75 -4.09 PBIDT 230.33 144.64 59.24 842.10 796.23 5.76 Interest 22.51 10.07 123.54 35.31 42.91 -17.71 PBDT 207.82 134.57 54.43 806.79 753.32 7.10 Depreciation 27.56 7.57 264.07 42.28 29.69 42.40 PBT 180.26 127.00 41.94 764.51 723.63 5.65 Share of Profit/(Loss) from Associates 0 0 – 0 0 – PBT before EO 180.26 127 41.94 764.51 723.63 5.65 EO Income -6.39 0 – -12.97 0 – PBT after EO 173.87 127 36.91 751.54 723.63 3.86 Taxation 47.92 32.24 48.64 173.16 106.98 61.86 PAT 125.95 94.76 32.91 578.38 616.65 -6.21 Minority Interest (MI) 4.94 0 – 0 0 – Net profit 121.01 94.76 27.70 578.38 616.65 -6.21 P/(L) from discontinued operations net of tax 0 0 – 0 0 – Net profit after discontinued operations 121.01 94.76 27.70 578.38 616.65 -6.21 EPS (Rs)* 1.98 1.50 32.40 9.28 9.73 -4.59 * EPS is on current equity of Rs 126.73 crore, Face value of Rs 2, Excluding extraordinary items. EPS is not annualised bps : Basis points EO : Extraordinary items Figures in Rs crore Source: Capitaline Corporate Database

Crompton Greaves Consumer Electricals : Consolidated Segment Results

Quarter ended Year ended % of (Total) 202206 202106 Var.(%) % of (Total) 202203 202103 Var.(%) Sales electric consumer durables 83.78 1,347.18 884.41 52.33 80.23 4,311.00 3,757.13 14.74 lighting products 16.22 260.87 161.74 61.29 19.77 1,062.20 1,046.38 1.51 Total Reported Sales 100.00 1,608.05 1,046.15 53.71 100.00 5,373.20 4,803.51 11.86 Less: Inter segment revenues   0.00 0.00 –   0.00 0.00 – Net Sales 100.00 1,608.05 1,046.15 53.71 100.00 5,373.20 4,803.51 11.86 PBIT electric consumer durables 90.82 228.53 155.78 46.70 87.69 826.70 739.22 11.83 lighting products 9.18 23.11 16.17 42.92 12.31 116.06 131.73 -11.90 Total PBIT 100.00 251.64 171.95 46.34 100.00 942.76 870.95 8.25 Less : Interest 20.65 10.07 105.06 35.31 42.91 -17.71 Add: Other un-allcoable -59.73 -37.06 -61.17 -144.30 -104.41 -38.21 PBIT Margin(%) electric consumer durables   16.96 17.61 -65.04   19.18 19.68 -49.86 lighting products   8.86 10.00 -113.87   10.93 12.59 -166.27 PBT 100.00 171.26 124.82 37.21 100.00 763.15 723.63 5.46

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