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Revenue grew 4.5% YoY to ₹1,769.2 crore, but missed analysts’ expectations of ₹1,803 crore.
Meanwhile, EBITDA surged 25.5% YoY to ₹188 crore, surpassing the estimated ₹180 crore. Operating margin expanded to 10.6%, ahead of the projected 10%.
The topline growth was supported by steady demand across product segments, though it fell short of estimates. However, improved cost efficiencies and better product mix helped profitability.Also read: Muthoot Finance Q3 profit surges 33% YoY on strong gold loan growth
Ahead of the results, shares of CGCEL closed flat at ₹341.25, down 0.58% on the BSE. The stock saw limited movement despite the earnings beat on key metrics.
Crompton Greaves remains focused on innovation and strengthening its distribution network to drive long-term growth. Shares of the company traded higher post-results.
First Published: Feb 12, 2025 5:06 PM IS
