Crompton Greaves Reports Flat Performance Amid Declining Profit and Sales in December 2024

Crompton Greaves Consumer Electrical has recently reported its financial results for the quarter ending December 2024, revealing a flat performance during this period. The company's evaluation has undergone a revision, with its score adjusting to 3 from 6 over the past three months.
On a positive note, Crompton Greaves has achieved a notable Debtors Turnover Ratio, recorded at 11.93 times, marking the highest level in the last five half-yearly periods. This indicates the company's efficiency in settling its debtors more swiftly.

Conversely, the financial results also highlight challenges for Crompton Greaves. The Profit After Tax (PAT) for the quarter stands at Rs 109.84 crore, reflecting a decline of 12.3% compared to the average PAT of Rs 125.24 crore from the previous four quarters. Additionally, the Net Sales for the quarter are reported at Rs 1,769.21 crore, which is down by 7.9% from the average of Rs 1,921.85 crore over the same timeframe. Furthermore, the company's cash and cash equivalents have reached their lowest point in the last six half-yearly periods, totaling Rs 48.94 crore, indicating a decline in short-term liquidity.

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