Crompton Greaves Consumer Electricals Ltd

Crompton Greaves Consumer Electricals has received an letter of empanelment and rate contract from Maharashtra State Electricity Distribution Company (MSEDCL) for design, manufacture, supply, transport, installation, testing & commissioning of 3000 Off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under MTSKPY/ PM-KUSUM-B scheme at various location across the State of Maharashtra with total order value of Rs 64.99 crore approximately.

The order involves the design, manufacture, supply, transportation, installation, testing, and commissioning of 3,000 off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) across various locations in Maharashtra under the MTSKPY/PM-KUSUM-B scheme. As part of the contract, Crompton will also provide a complete system warranty, repair and maintenance services, along with a remote monitoring system (RMS) for five years. The order, awarded by a domestic entity, is expected to be executed within 60 days from the date of issuance of the Notice to Proceed (NTP) or work order. The company said the order does not involve any interest from promoters, promoter group entities, or related parties, and it does not fall under related party transactions. Crompton Greaves Consumer Electricals manufactures and markets a wide range of consumer products, including fans, lighting solutions, pumps, and home appliances such as water heaters, coolers, mixer grinders, and irons. Crompton Greaves Consumer Electricals reported a standalone net loss of Rs 536.81 crore in Q4 FY26, compared with a net profit of Rs 170.54 crore in the corresponding quarter last year. Revenue from operations rose 10.90% year-on-year to Rs 2,083.30 crore in the quarter ended 31 March 2026, versus Rs 1,878.50 crore a year earlier. The scrip fell 3.52% to end at Rs 259 on the BSE. Powered by Capital Market - Live

The order involves design, manufacture, supply, installation, testing and commissioning of off-grid DC solar pumps, along with five-year warranty, maintenance and remote monitoring system under the PM-KUSUM-B scheme across Maharashtra. The order is to be executed within 60 days from the issuance of the notice to proceed or work order. The company said the contract does not involve any related party transactions. Crompton Greaves Consumer Electricals manufactures and markets a wide range of consumer products, including fans, lighting solutions, pumps, and home appliances such as water heaters, coolers, mixer grinders, and irons. Crompton Greaves Consumer Electricals reported a standalone net loss of Rs 536.81 crore in Q4 FY26, compared with a net profit of Rs 170.54 crore in the corresponding quarter last year. Revenue from operations rose 10.90% year-on-year to Rs 2,083.30 crore in the quarter ended 31 March 2026, versus Rs 1,878.50 crore a year earlier. Powered by Capital Market - Live

Crompton Greaves Consumer Electricals has received an letter of empanelment and rate contract from Maharashtra State Electricity Distribution Company (MSEDCL) for design, manufacture, supply, transport, installation, testing & commissioning of Off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under MTSKPY/ PM-KUSUM-B scheme at various location across the State of Maharashtra with total order value of Rs 29.77 crore approximately.

Revenue from operations rose 10.90% year-on-year to Rs 2,083.30 crore in the quarter ended 31 March 2026, versus Rs 1,878.50 crore a year earlier. Profit before exceptional items and tax increased marginally to Rs 230.66 crore from Rs 229.47 crore in Q4 FY25. The company recorded an exceptional item of Rs 716.04 crore during the quarter. EBITDA stood at Rs 253 crore, up 2% year-on-year compared with Rs 248 crore in the same period last year. Segment-wise, the electrical consumer durables (ECD) business posted a 10% rise in revenue to Rs 1,768 crore, though EBIT margins declined to 15.4% from 16.7%. The lighting segment reported 14% revenue growth to Rs 315 crore, with EBIT margins narrowing to 12.2% from 15.9%. On a consolidated basis, the company reported a net loss of Rs 533.93 crore in Q4 FY26 versus a profit of Rs 169.48 crore in Q4 FY25, while revenue grew 10.79% year-on-year to Rs 2,283.27 crore. Promeet Ghosh, MD & CEO, said, 'Despite a challenging operating environment, we remained focused on advancing the strategic priorities of Crompton 2.0, with continued investments behind brand building, innovation and talent. This disciplined approach is reflected in delivering a robust 10.8% revenue growth across segments with good margins, and the cash flow generation of the business continues to be strong. As part of the diversification strategy, the company launched wares under the brand Crompton during the quarter, which successfully generated consumer interest. We are also pleased to announce the launch of the new super-premium brand Crompton Rhion. We will introduce a range of products under the brand Crompton Rhion across categories, serving as a platform to showcase the next level of innovation and design capability that have been developed by Crompton through concerted investments in R&D. The Large Kitchen Appliances (LKA) PL will also fold into the Rhion vertical. We will continue to accelerate the Crompton 2.0 journey with a clear focus on premiumisation, expanding and deepening the distribution network, and strengthening innovation capabilities'enabling us to drive sustainable, long-term value creation.' Meanwhile, the board has recommended a dividend of Rs 3 per equity share, representing 150% of face value of Rs 2 each, for FY26, subject to shareholder approval at the upcoming Annual General Meeting (AGM). If approved, the dividend will be paid on or after 7 August 2026 and within 30 days of the AGM. Crompton Greaves Consumer Electricals manufactures and markets a wide range of consumer products, including fans, lighting solutions, pumps, and home appliances such as water heaters, coolers, mixer grinders, and irons. Powered by Capital Market - Live

Crompton Greaves Consumer Electricals announced that the 12th Annual General Meeting(AGM) of the company will be held on 7 August 2026.

Crompton Greaves Consumer Electricals announced that the Board of Directors of the Company at its meeting held on 13 May 2026, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 150%) , subject to the approval of the shareholders.

Crompton Greaves Consumer Electricals will hold a meeting of the Board of Directors of the Company on 13 May 2026.

Crompton Greaves Consumer Electricals has received a letter of empanelment and rate contract from Maharashtra State Electricity Distribution Company (MSEDCL) for design, manufacture, supply, installation, testing & commissioning of Off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under MTSKPY/ PM-KUSUM-B scheme at various location across the State of Maharashtra with total order value of Rs. 71.75 crore.

The total order value is approximately Rs 71.75 crore. The scope of work includes design, manufacture, supply, installation, testing and commissioning of off-grid DC solar photovoltaic water pumping systems, along with warranty, repair and maintenance, and remote monitoring system services across various locations in Maharashtra. The project is to be executed within 60 days from the issuance of the Notice to Proceed or work order. Crompton Greaves Consumer Electricals manufactures and markets a wide spectrum of consumer products, ranging from fans, lamps and luminaries to pumps and household appliances such as water heaters, coolers, mixer grinders and irons. The company's consolidated net profit marginally rose 0.02% to Rs 111.93 crore on a 7.4% rise in revenue from operations to Rs 1,659.49 crore in Q3 FY26 over Q3 FY25. Shares of Crompton Greaves Consumer Electricals shed 0.69% to Rs 259.20 on the BSE.