Crompton Greaves Consumer Electrical Reports Positive Growth in Q2 FY25

Crompton Greaves Consumer Electrical, a leading player in the consumer durables and electronics industry, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Crompton Gr. Con has shown a positive performance in the second quarter of FY24-25. However, the company’s score has fallen from 9 to 6 in the last three months.

One of the key highlights of the financials is the growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 28.32% year on year to reach Rs 276.62 crore. The near-term trend for PAT is also positive. Additionally, the company has generated a high operating cash flow of Rs 843.41 crore annually in the last three years, indicating strong cash revenues from its business operations.

Another positive aspect is the Debtors Turnover Ratio, which has been the highest at 11.93 times in the last five half-yearly periods. This shows that the company has been able to settle its debtors faster.

However, the financial report also highlights a concerning trend in the company’s cash and cash equivalents, which have reached a low of Rs 48.94 crore in the last six half-yearly periods. This indicates a deterioration in short-term liquidity for the company.

Overall, Crompton Greaves Consumer Electrical has shown a mixed performance in its financials for the quarter ending September 2024. Investors are advised to hold their positions in the company’s stock, as recommended by MarketsMOJO.