26 Oct 2022 , 08:49 PM
Revenue fall was -8.77% in sequential terms. Crompton Greaves operates in the fast moving electrical goods (FMEG) segment.
In terms of revenues of its verticals; the electrical consumer durable segment was lower at Rs1,062 crore while the sales from lighting products was also lower at Rs269 crore.
The entire sales growth thrust came from the Rs368 crore sales thrust from the acquisition of Butterfly.
Again, the operating profits for the electrical consumer goods and lighting products fell on yoy basis due to a spike in the cost of raw materials and inventory holding costs.
The entire surge in operating profits in the quarter came from the profits made by the newly added Butterfly Products. Net profit margins at 7.4% in Q2FY23 is lower compared to 11.5% in Q1FY22 but certainly better than the 6.5% NPM reported in Q1FY23.
Financial highlights for Sep-22 compared yoy and sequentially
Crompton Greaves | |||||
Rs in Crore | Sep-22 | Sep-21 | YOY | Jun-22 | QOQ |
Total Income (Rs cr) | ₹ 1,699.50 | ₹ 1,385.12 | 22.70% | ₹ 1,862.94 | -8.77% |
Net Profit (Rs cr) | ₹ 125.79 | ₹ 158.81 | -20.79% | ₹ 121.01 | 3.95% |
Diluted EPS (Rs) | ₹ 2.05 | ₹ 2.51 | ₹ 1.98 | ||
Net Margins | 7.40% | 11.47% | 6.50% |
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