2 days ago
Crompton Greaves shares in focus after Rs 101 crore solar pump order from MEDA
Crompton Greaves
Consumer Electricals shares will be in focus on Friday after the company announced it has secured a Letter of Award from the
Maharashtra Energy Development Agency
(MEDA) for the supply and installation of 4,500 off-grid solar photovoltaic water pumping systems across Maharashtra.
The order, valued at Rs 100.68 crore (excluding GST), falls under Component B of the Ministry of New and Renewable Energy's (MNRE)
PM-KUSUM scheme
.
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Under the agreement, Crompton will handle the design, manufacturing, supply, transportation, installation, testing, and commissioning of the systems at various locations across the state. The project is scheduled to be completed within 90 days from the issuance of the work order.
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Q4 earnings snapshot
Crompton Greaves
reported a 22.5% year-on-year (YoY) rise in net profit to Rs 169.5 crore for the quarter ended March 31, 2025, compared to Rs 138.4 crore in the same period last year.
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Revenue from operations increased 5.1% YoY to Rs 2,060.6 crore, while EBITDA rose 29.9% to Rs 264.4 crore from Rs 203.6 crore, leading to an EBITDA margin improvement to 12.8% from 10.4%.
For the full year FY25, revenue from the Electrical Consumer Durables (ECD) segment grew 11% YoY, driven by strong performance in pumps and appliances. The company generated operating cash flows of Rs 737 crore during the year.
In Q4FY25, the ECD segment posted 6% YoY growth, led by pumps and appliances, with an EBIT margin of 16.7%. Crompton also launched its in-house BLDC and induction platforms—Nucleus and X-Tech—under a platform-first approach.
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Stock performance
Crompton Greaves shares closed 2.5% lower at Rs 343.6 on the BSE in the previous session, in line with the 1% drop in the Sensex. The stock has declined 4% over the past three months and is down 19% over the last six months.
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