Crompton Greaves Consumer Electricals Ltd Q2FY21 consolidated PAT at Rs. 141.68 crore

Crompton Greaves Consumer Electricals Ltd has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1229.87 crores during the period ended September 30, 2020 as compared to Rs.738.68 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.141.68 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.74.80 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.2.24 for the period ended September 30, 2020 as compared to Rs.1.18 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 1229.87 crs	₹ 738.68 crs	66.5%
Net Profit	₹ 141.68 crs	₹ 74.80 crs	89.41%
EPS	₹ 2.24	₹ 1.18	89.83%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.1229.87 crores during the period ended September 30, 2020 as compared to Rs.1088.04 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.141.68 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.110.88 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.2.24 for the period ended September 30, 2020 as compared to Rs.1.76 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 1229.87 crs	₹ 1088.04 crs	13.04%
Net Profit	₹ 141.68 crs	₹ 110.88 crs	27.78%
EPS	₹ 2.24	₹ 1.76	27.27%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1968.55 crores during the 6 months period ended September 30, 2020 as compared to Rs.2452.18 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.216.48 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.233.33 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.3.42 for the 6 months period ended September 30, 2020 as compared to Rs.3.69 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 1968.55 crs	₹ 2452.18 crs	-19.72%
Net Profit	₹ 216.48 crs	₹ 233.33 crs	-7.22%
EPS	₹ 3.42	₹3.69	-7.32%

Commenting on the Quarter results, Company's Managing Director Shantanu Khosla said "We continue to remain focused on the health and well-being of our employees and our partners. All segments of our business have continued to recover through the quarter. Our GTM investments are resulting in increased distribution across traditional and alternate channels. Market share continues to grow behind an accelerated innovation program. Our cost reduction program continues to deliver strong results driving bottom line faster than top line."

Shares of Crompton Greaves Consumer Electricals Ltd was last trading in BSE at Rs.287 as compared to the previous close of Rs. 284.35. The total number of shares traded during the day was 11149 in over 601 trades.

The stock hit an intraday high of Rs. 288.35 and intraday low of 281.3. The net turnover during the day was Rs. 3166965.

Source : Equity Bulls

Keywords