Crompton Greaves Q3 PAT drops 3% YoY to Rs 85 cr
Mumbai, Feb. 15 -- Revenue from operations increased 12% YoY to Rs 1,693 crore in Q3 FY24.
Profit before tax fell 2% to Rs 112 crore in Q3 FY24 as compared with Rs 115 crore posted in Q3 FY23.
EBITDA was Rs 150 crore in Q3 FY24, recording de-growth of 2% as compared with Rs 152 crore registered in Q3 FY23. EBITDA margin contracted by 120 bps to 8.9% in Q3 FY24 as against 10.1% in Q3 FY23.
On Segment front, ECD performance was bolstered by Fans (up 11% YoY), Pumps (up 28% YoY) and Appliances (up 23% YoY). Fans witnessed strong momentum driven by improved saliency of premium ceiling fans and growth in Table, Pedestal & Wall (TPW) fans.
Lighting segment delivered an improved performance with a return to growth despite industry level chal...
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