- Crompton Greaves reported a net income of 1.1 billion rupees for the third quarter, marking a 28% year-over-year increase, aligning with the market estimate of 1.09 billion rupees.
- The company’s total revenue was 17.7 billion rupees, showing a 4.7% rise from the previous year, but slightly lower than the expected 17.93 billion rupees.
- Revenue from electric consumer durables reached 12.9 billion rupees, which is a 6.6% increase year-over-year, but below the forecasted 13.28 billion rupees.
- Lighting products generated 2.58 billion rupees in revenue, representing a 3.6% increase over the previous year, falling short of the estimated 2.63 billion rupees.
- Butterfly products saw a decline, with revenue at 2.24 billion rupees, down 4.3% from the previous year, missing the estimate of 2.4 billion rupees.
- Total costs for the quarter were 16.3 billion rupees, reflecting a 1.9% increase from the previous year.
- The company has received 35 buy ratings, 3 hold ratings, and 1 sell rating from analysts.
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A look at Crompton Greaves Consumer Electricals Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking ahead, Crompton Greaves Consumer Electricals Limited, a company that manufactures consumer electrical products such as fans, lamps, and household appliances, seems to have a promising outlook. With a solid score of 4 for dividends and resilience, the company demonstrates its commitment to rewarding investors and its ability to withstand challenges. Additionally, scoring a 3 for both growth and momentum indicates a positive trajectory and potential for future expansion and market momentum.
In terms of value, Crompton Greaves Consumer Electricals scores a moderate 2, suggesting that while there may be room for improvement in this area, the company still offers some attractive investment opportunities. Overall, the combination of strong dividend payouts, resilience, growth potential, and market momentum position Crompton Greaves Consumer Electricals favorably for long-term success in the consumer electricals industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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