Latest news with #CromptonGreavesConsumerElectricals
Business Standard
6 days ago
- Business
- Business Standard
Crompton Greaves Consumer transitions to zero debt and net cash positive status
Crompton Greaves Consumer Electricals said that it has completed the repayment of the final tranche of its non-convertible debentures (NCD) with principal amounting to Rs 300 crore. This payment would mark the full repayment of the total debt of Rs 2,125 crore undertaken for the acquisition of Butterfly Gandhimathi Appliances, a 75% subsidiary. The repayment effort has involved settling all five scheduled tranches, reinforcing the companys strategy to minimize debt and thereby significantly reduce interest costs. Kaleeswaran Arunachalam, chief financial officer and head of strategy, said: With the repayment of this final tranche of NCDs of Rs 323 crore (principal + interest), we are pleased to announce that we have transitioned to a zero-debt position. This significant milestone is a testament to the resilience and effectiveness of our business model and operational strategies, which have generated consistently strong cash flows year after year. As we move forward, we will continue to drive sharp capital allocation decisions, ensuring that we invest responsibly in initiatives that foster sustainable growth." Crompton Greaves Consumer Electricals is one of the leading consumer companies in India with a brand legacy of over 75 years. It is an independent company under professional management, operating in two business segments: lighting and electrical consumer durables. We market our products under the Crompton brand name in India and select export markets. The companys consolidated net profit jumped 22.5% to Rs 169.48 crore on 5.1% increase in revenue from operations to Rs 2,060.64 crore in Q4 FY25 over Q4 FY24. The scrip rose 0.30% to currently trade at Rs 337.15 on the BSE.
Business Standard
7 days ago
- Business
- Business Standard
Crompton Greaves Consumer Electricals transitions to net-zero debt
Repays final tranche of NCDs of Rs 300 cr Crompton Greaves Consumer Electricals today announced the successful repayment of the final tranche of its Non-Convertible Debentures (NCD) with principal amounting to Rs. 300 crore. This milestone marks the full repayment of the total debt of Rs. 2,125 crore undertaken for the acquisition of Butterfly Gandhimathi Appliances (Butterfly), a 75% subsidiary. The repayment effort has involved settling all five scheduled tranches, reinforcing the Company's strategy to minimize debt and thereby significantly reduce interest costs. As a result, the Company can channel more resources into future growth initiatives, innovation, and shareholder returns.
Business Upturn
7 days ago
- Business
- Business Upturn
Last day to buy shares of Cholamandalam Investment & Finance, CG Consumer, Hero MotoCorp, and others to be eligible for dividend
This week marks an important window for investors looking to secure dividends from several prominent Indian companies. Shares of Cholamandalam Investment & Finance, Crompton Greaves Consumer Electricals, and Hero MotoCorp among others will trade ex-dividend this week, as per data from BSE. The ex-dividend date is the day when the stock starts trading without the value of its next dividend. Investors who purchase shares on or after the ex-dividend date are not eligible for the declared dividend, while those who own the stock before this date remain entitled to it. Here's a day-wise list of notable companies whose shares will turn ex-dividend this week: Monday, July 21, 2025 Acceleratebs India Anupam Rasayan India OCCL Orient Bell Shree Cement Thangamayil Jewellery Windlas Biotech Tuesday, July 22, 2025 Happy Forgings Hind Rectifiers Menon Pistons SIL Investments Siyaram Silk Mills Strides Pharma Science Voltamp Transformers Wires & Fabriks SA Wednesday, July 23, 2025 Aditya Birla Sun Life AMC Advanced Enzyme Technologies Banswara Syntex Bhatia Communications & Retail D B Corp EL CID Investments Greaves Cotton Heritage Foods K P R Mill Mahindra Logistics Metal Coatings India NESCO Novartis India Pidilite Industries Precision Camshafts Route Mobile Sonata Software Thursday, July 24, 2025 Cholamandalam Investment & Finance Company Crompton Greaves Consumer Electricals Hero MotoCorp 20 Microns Birlanu Bliss GVS Pharma Fiem Industries Hatsun Agro Product IVP Paushak Privi Speciality Chemicals Radico Khaitan Sanco Trans TCPL Packaging Friday, July 25, 2025 Some of the major names: 3M India Abbott India Akzo Nobel India Arvind Divis Laboratories Fortis Healthcare GMM Pfaudler Info Edge (India) Jubilant Ingrevia KEC International Life Insurance Corporation of India (LIC) Lupin Nelcast Union Bank of India Zydus Lifesciences Investors aiming to receive these dividends should ensure they purchase shares at least one trading day before the ex-dividend date. This is crucial because settlement in India follows the T+1 cycle, which means shares bought on the ex-date won't reflect in your account in time to qualify. With many blue-chip and mid-cap companies declaring dividends this season, market watchers see it as an opportunity for investors to lock in steady returns. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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Business Standard
20-06-2025
- Business
- Business Standard
Goldman Sachs trims Q1 estimates on EMS, durables; turns positive on C&W
Goldman Sachs retained its 'Buy' ratings on Crompton Greaves Consumer Electricals, Havells, and KEI Industries, citing stronger fundamentals and growth visibility. Tanmay Tiwary New Delhi Listen to This Article Goldman Sachs on India Industrials: Goldman Sachs has cut earnings estimates for Electronics Manufacturing Services (EMS) and consumer durables companies for June quarter of financial year 2026 (Q1FY26) amid weak summer product sales and margin headwinds, while raising projections for cable and wire (C&W) players on better volume growth. That said, the New York-based brokerage expects a mixed June quarter earnings season for India's industrial space, with divergent trends across electricals, durables, EMS, and cables and wires. Reflecting upon these divergent trends, Goldman Sachs retained its 'Buy' ratings on Crompton Greaves Consumer Electricals, Havells, and KEI Industries, citing stronger
Business Standard
13-06-2025
- Business
- Business Standard
Crompton Greaves bags Rs 101-cr Order from MEDA
Crompton Greaves Consumer Electricals has secured a Letter of Award (LoA) worth Rs 100.68 crore from the Maharashtra Energy Development Agency (MEDA) for supplying and installing 4,500 Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS). In a regulatory filing, the company stated that the order falls under Component-B of the PM-KUSUM scheme, a government initiative aimed at promoting solar energy in the agricultural sector. The scope of the turnkey project includes the design, manufacture, supply, transportation, installation, testing, and commissioning of the solar water pumps across Maharashtra. The entire project is scheduled for completion within 90 days from the issuance of the work order. The contract also includes a comprehensive five-year maintenance contract (CMC), ensuring long-term reliability and post-installation support. Cromptons solar-powered DC submersible pumps are engineered for high performance and durability, catering specifically to off-grid and rural areas that face challenges in water accessibility. To ensure efficient execution, the company plans to deploy its trained field personnel, local district support teams, and extensive after-sales service network across the state. The company said that this initiative aligns directly with national objectives to facilitate farmers transition from conventional energy sources to renewable solar energy, delivering both economic savings and environmental benefits. The order comes amid rapid growth in Indias submersible water pump market, driven by increasing demand in agriculture, rural water supply, and off-grid applications. Solar-powered submersible pumps are becoming vital in regions with irregular rainfall and limited grid power, enabling consistent and sustainable irrigation. Rajat Chopra, Business Head Home Electricals & Pumps at Crompton Greaves Consumer Electricals, commented, We are delighted to have received the Letter of Award from MEDA for 4,500 Solar Photovoltaic Water Pumping Systems under the PM-KUSUM scheme. This milestone not only marks our largest solar pump order to date but also reflects our ongoing commitment to delivering reliable and high-performance pumping solutions tailored to the needs of farmers across India. The order reinforces confidence in Cromptons product excellence, long-lasting performance, and robust service network. It further strengthens our position as a trusted partner in driving solar-powered irrigation forward. At Crompton, we remain focused on enabling clean energy access for farmers while ensuring seamless execution backed by quality, innovation, and strong after-sales support. Crompton Greaves Consumer Electricals is one of the leading consumer companies in India with a brand legacy of over 75 years. It is an independent company under professional management, operating in two business segments: lighting and electrical consumer durables. We market our products under the Crompton brand name in India and select export markets. The companys consolidated net profit jumped 22.5% to Rs 169.48 crore on 5.1% increase in revenue from operations to Rs 2,060.64 crore in Q4 FY25 over Q4 FY24. The counter shed 0.23% to Rs 342.80 on the BSE.
