Crompton Greaves Consumer Electricals Ltd. (NSE: CROMPTON)| Q3 FY23 Results Out| Total Income rises 8% yoy

Crompton Greaves Consumer Electricals Ltd.(NSE: CROMPTON) is a leading consumer electrical goods company in India. The company provides a wide range of products including fans, lighting solutions, pumps, and appliances. It has a strong presence in the Indian market and has been serving customers for over 80 years. The company has a strong focus on innovation and sustainability, with a mission to improve the quality of life through their products. It has a state-of-the-art manufacturing facility in India and a strong distribution network across the country. The company has received several awards for its products and services, including recognition for innovation and sustainability.

Crompton Greaves Consumer Electricals Ltd reported its Q3FY23 results with a consolidated revenue of Rs 1,516 crore, a 7.5% YoY growth. The company’s EBIDTA was at Rs 152 crore with an EBIDTA margin of 10.1% and PAT stood at Rs 88 crore. On a standalone basis, the company’s revenue for the quarter was Rs 1,226 crore, a decline of 10.2% YoY. EBIDTA was at Rs 130 crore with an EBIDTA margin of 10.3% and PAT stood at Rs 84 crore. The Managing Director, Shantanu Khosla, stated that despite the current market slowdown, the company continues to invest in long-term initiatives for its success and is on track with its plans to grow the butterfly business.