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
.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Spots on face... Totally gone with Japan's Whitening Gel
YUKINOUE雪之上
Learn More
Undo
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.
Also Read:
KEI Industries, DCB Bank among 10 small-cap stocks analysts expect to gain up to 75%
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.
Live Events
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.
Also Read:
SBI, Bank of Baroda among 10 banks that saw NPA decline in Q4
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.
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
38 minutes ago
- Hans India
HDB sets IPO price band at Rs 700-740
New Delhi: HDB Financial Services, a subsidiary of HDFC Bank, on Friday fixed a price band of Rs 700-740 per share for its Rs 12,500 crore company is expected to list on the BSE and NSE on July 2. At the upper end of the price band, the company is valued at nearly Rs 61,400 crore. HDB Financial Services' maiden public issue will open for subscription on June 25 and conclude on June 27, while the bidding for the anchor investor will open for a day on June 24, the company announced. The IPO is a combination of a fresh issue of equity shares worth Rs 2,500 crore and an Offer For Sale (OFS) of Rs 10,000 crore by promoter HDFC Bank. At present, HDFC Bank holds a 94.36 per cent stake in HDB Financial Services, a non-banking financial company (NBFC) arm of the bank. The company proposes to utilise the proceeds from the fresh issue to strengthen its Tier-I capital base. This will support future capital needs, including additional lending, to support business growth. The decision to list HDB Financial Services follows the Reserve Bank of India's mandate in October 2022, requiring NBFCs in the upper layer to list on the stock exchanges within three years. Last year, HDFC Bank's board approved a share sale worth Rs 12,500 crore, comprising Rs 10,000 crore OFS related to HDB Financial Services. After the proposed IPO, HDB Financial Services will continue to be a subsidiary of the bank, in compliance with the provisions of the applicable regulations. Half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors.
Time of India
39 minutes ago
- Time of India
Maharashtra man, 83, loses Rs 1.2 crore to fake stock trading portal
Representative Image MUMBAI: An 83-year-old retiree from Dadar lost Rs 1.2 crore to a fake online stock trading platform that he was led to believe was linked to a reputable private financial institution, reports Ahmed Ali. He was led to believe he had made profits of Rs 15.4 crore. The complainant was targeted on May 2 after he clicked on an advertisement online, which led him to a WhatsApp group that purported to offer stock market investment tips. The group had 92 members, many of whom turned out to be fraudsters. Lured by promises of high returns, he made investments of Rs 1.2 crore in all in weeks. Cyber police's central division has lodged an FIR and is tracing the IP addresses of the fraudsters, gathering call records, and tracking digital and money trails. No arrest has been made yet.
Economic Times
42 minutes ago
- Economic Times
Capillary Technologies' DRHP highlights rising competition, AI impact on business
Customer engagement and loyalty tech provider Capillary Technologies' draft red herring prospectus (DRHP) highlights increasing competition to acquire and retain enterprise customers amid increasing impact of artificial intelligence (AI), challenging macroeconomic conditions and changing market dynamics. The Bengaluru-headquartered company filed its DRHP with the Securities and Exchanges Board of India on June 18, after it shelved its initial plans in 2021. It is looking to raise Rs 430 crore through its initial public offering this year. The company reported revenue of Rs 598 crore for 2024-25, up 13.9% from Rs 525 crore in the previous financial year, according to data from the DRHP. Enterprise customer retention Capillary Technologies lost three customers in 2022-23 and one each in 2023-24 and 2024-25. In the case of large enterprise customers, it is facing competition from firms that offer similar services targeting enterprise customers as they cut costs, restructure and develop products in-house. 'While the afore-mentioned instances did not materially impact our financial condition, we cannot assure you that our business, financial condition and results of operations will not be adversely affected in the future due to such instances,' the DRHP said. The AI impactIn the DRHP, the company said that AI – which has been mentioned 81 times, compared to 18 times in the draft red herring prospectus filed in 2021 – is complex and rapidly evolving, and that it faces significant competition in the market and from other companies regarding such technologies.'The adoption of Gen AI by various industries could lead to changes in our customers' operations. By adopting Gen AI, our customers may develop in-house capabilities which could impact the extent to which customers rely on us and reduce their need for our services,' it addition, the company said it is incorporating AI in its solutions and business operations. 'Our research and development of such technology remains ongoing. AI presents risks, challenges, and unintended consequences that could affect our and our customers' adoption and use of this technology,' it said. R&D, acquisitions To maintain its competitive edge, the company has been investing significantly in AI. It invested 21.50% of its revenue in 2024-25, lower than 28.04% in the previous fiscal in research, design and development. According to the DRHP, the company will invest Rs 151 crore in research and development. It will also focus on inorganic growth through acquisitions to enter new business areas as a strategic initiative, the company said, albeit without disclosing the expenditure earmarked for this.
