Shares of Crompton Greaves Shopper Electricals Restricted, a number one fan and residential pump producer, turned inexperienced on Thursday, 12 June, after the corporate introduced that it had acquired a Letter of Award from the Maharashtra Power Improvement Company (MEDA) for the provision and set up of 4,500 off-grid photo voltaic photovoltaic water pumping methods throughout Maharashtra.
The contract, value Rs 100.68 crore minus GST, goes below Part B of the Ministry of New and Renewable Power’s (MNRE) PM-KUSUM plan.
In line with the deal, Crompton can be accountable for the methods’ design, manufacturing, provide, transportation, set up, testing, and commissioning at a number of places all through the state. The venture should be accomplished inside 90 days after the date of the work order.
Crompton Greaves Shopper Electricals reported a 22.5% YoY improve in internet revenue to Rs 169.5 crore for the fourth quarter ended 31 March 2025, up from Rs 138.4 crore in Q4FY24.
Income from operations rose by 5.1% YoY to Rs 2,060.6 crore from Rs 1,961 crore. EBITDA elevated by 29.9% to Rs 264.4 crore from Rs 203.6 crore final 12 months. This resulted in a rise within the EBITDA margin to 12.8% from 10.4%.
Crompton Greaves reported an 11% YoY rise in income from its electrical shopper durables (ECD) division in fiscal 12 months FY25, pushed by progress in pumps and home equipment. The corporate generated Rs 737 crore in working money through the fiscal 12 months.
In Q4FY25, the ECD section grew by 6% YoY, led by pumps and home equipment, with an EBIT margin of 16.7%. The corporate launched its in-house BLDC and induction platforms, Nucleus and X-Tech, utilizing a ‘platform-first technique.’
At 3:30 pm, the shares of Crompton Greaves closed 0.05% increased at Rs 343.95 on NSE.
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