Good results for the January-March quarter (Q4) of FY24 and strong seasonal demand have led to strong investor interest in Crompton Greaves (CG) Consumer Electricals, which is hitting new highs.
While there is a bullish consensus on the company’s future performance, shares are up more than 40 percent in the past six months and valuations could come under pressure.
Q4FY24 revenue rose 9.5 percent year-on-year to Rs 1,960 crore.
ECD (Electronic Consumer Durables) revenues rose 14.3 percent year-on-year, while lighting revenues remained flat and Butterfly Gandhimathi (which was merged in 2023) revenues fell 12.2 percent.
The gross margin grew
First print: June 13, 2024 | 9:12 pm IST