Crompton Greaves Q3 Results: Profit, margin beat estimates but slip YoY; revenue rises

Crompton Greaves Consumer Electricals Ltd delivered a mixed but largely better-than-expected performance in the December quarter on February 06, beating CNBC-TV18 estimates on key operational metrics, even as net profit declined year-on-year.

The company reported a net profit of ₹101 crore, ahead of the CNBC-TV18 poll estimate of ₹98 crore, though lower than ₹112 crore recorded in the year-ago period, marking a 9.8% decline.

Revenue rose 7.3% year-on-year to ₹1,898 crore, surpassing estimates of ₹1,864

crore and compared with ₹1,769 crore a year earlier.

EBITDA came in at ₹194.6 crore, significantly higher than the CNBC-TV18 poll estimate of ₹166 crore and marginally above ₹191 crore reported last year, reflecting a 1.9% year-on-year increase.

EBITDA margin stood at 10.3%, well above the estimated 8.9%, but lower than 10.8% in the corresponding quarter last year.

The company said it recognised an incremental exceptional liability of around ₹20.04 crore during the quarter after reassessing employee benefit obligations under the New Labour Codes. It added that any differential impact would be accounted for once the rules are formally notified.

Separately, Crompton announced the launch of insulated wires and cables for the domestic market, scheduled for the end of March 2026, marking an expansion into the electrical wires and cables segment.

Ahead of the earnings announcement, shares of Crompton Greaves Consumer Electricals closed 1.11% lower at ₹243.90 on the NSE.

Crompton Greaves Consumer Electricals is a leading player in consumer durables, with a presence across fans, lighting, pumps, appliances and electrical products.