Crompton Greaves Consumer Electricals Q2 FY27 Results: Consolidated Net Profit ₹124 Crore on Total Income of ₹2,281 Crore
Earnings
Consumer Electricals
Blacklitt Research3 min read
Illustrative image. Photo: Veera.sj, via Wikimedia Commons (CC0)
Crompton Greaves Consumer Electricals reported consolidated total income of ₹2,280.84 crore and net profit of ₹124.39 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹1,948.16 crore and net profit was ₹110.04 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹2,281 crore, up 18.2% YoY, up 1.1% QoQ
Net profit: ₹124 crore, up 64.9% YoY, down 12.8% QoQ
EPS: ₹1.85, against ₹1.11 in Q2 FY26
Profit before exceptional items and tax: ₹166.93 crore, up 36.2% YoY
Standalone
The company on its own, without its subsidiaries
Total income: ₹1,948 crore, up 18.2% YoY, down 4.6% QoQ
Net profit: ₹110 crore, up 57.0% YoY, down 21.6% QoQ
EPS: ₹1.71, against ₹1.09 in Q2 FY26
Net profit margin: 5.65%, against 4.25% in Q2 FY26
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
2,280.84
1,928.96
+18.2%
2,256.81
+1.1%
Revenue from operations
2,263.29
1,915.57
+18.2%
2,235.02
+1.3%
Other income
17.55
13.39
+31.1%
21.79
-19.5%
124.39
75.42
+64.9%
142.70
-12.8%
Finance costs
9.69
5.16
+87.8%
9.70
-0.1%
Depreciation
45.56
44.04
+3.5%
45.23
+0.7%
Tax expense
42.54
26.78
+58.8%
48.61
-12.5%
Net profit margin
5.45%
3.91%
+1.54 pp
6.32%
-0.87 pp
Tax as share of profit before tax
25.5%
26.2%
-0.72 pp
25.4%
+0.07 pp
EPS, basic (₹)
1.85
1.11
+66.7%
2.18
-15.1%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Profit rose 65%, but part of that is a year-ago exceptional item. Net profit was ₹124.39 crore against ₹75.42 crore, on revenue from operations up 18.2% to ₹2,263.29 crore. Q2 FY26 carried an exceptional item of ₹20.36 crore, and before it profit before tax rose 36.2%, to ₹166.93 crore from ₹122.56 crore, so about two-thirds of the profit growth is operating. The net margin was 5.45% against 3.91%.
More of what is sold is bought in. Purchases of stock-in-trade rose 55.6% to ₹1,411.51 crore while cost of materials consumed fell 23.2% to ₹327.41 crore, and inventories were built up by ₹149.57 crore against ₹23.45 crore a year ago. After the inventory change, goods cost about 70% of revenue against about 68% (derived), so the gross margin did not widen: the improvement in profit came from the lines below it, with employee benefits up a slower 13.1% to ₹186.89 crore against revenue up 18.2%. The filing does not explain the shift in sourcing.
Against Q1 FY27 revenue rose 1.3% but net profit fell 12.8% from ₹142.70 crore, taking the net margin to 5.45% from 6.32%. For H1 FY27 revenue from operations is ₹4,498.31 crore against ₹3,913.95 crore (+14.9%) and net profit ₹267.09 crore against ₹199.32 crore (+34.0%). Of the quarter's profit, ₹119.34 crore belongs to the owners and ₹5.05 crore to minority holders.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
1,948.16
1,647.61
+18.2%
2,041.62
-4.6%
Revenue from operations
1,932.27
1,631.73
+18.4%
2,022.47
-4.5%
Other income
15.89
15.88
+0.1%
19.15
-17.0%
110.04
70.10
+57.0%
140.32
-21.6%
Finance costs
9.53
4.72
+101.9%
9.50
+0.3%
Depreciation
30.06
26.72
+12.5%
28.85
+4.2%
Tax expense
38.14
23.97
+59.1%
48.61
-21.5%
Net profit margin
5.65%
4.25%
+1.39 pp
6.87%
-1.22 pp
Tax as share of profit before tax
25.7%
25.5%
+0.26 pp
25.7%
+0.01 pp
EPS, basic (₹)
1.71
1.09
+56.9%
2.18
-21.6%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The subsidiaries are doing more of the earning. Standalone net profit is ₹110.04 crore (+57.0%) on revenue of ₹1,932.27 crore, about 85% of the group's (derived). Against Q1 FY27 the parent's revenue fell 4.5% and its profit 21.6% from ₹140.32 crore, a steeper fall than the group's, because the subsidiaries' contribution rose from about ₹2 crore of profit in Q1 to about ₹14 crore (derived as group less standalone).
Standalone finance costs doubled to ₹9.53 crore (+101.9%) and depreciation rose 12.5% to ₹30.06 crore, while the tax rate stayed at about 25.7%. The board also recorded the appointment of a new head of internal audit and risk assurance and a related senior appointment.
Inference
Crompton's profit growth is real but smaller than the headline: about a third of the 65% rise is the absence of last year's ₹20.36 crore exceptional item, and the margin gain came from operating costs, not from selling goods at a wider gross margin.
The filing does not say why the company bought in more finished goods or whether the lower June-to-September profit is seasonal; the next quarters would show whether the subsidiaries' higher contribution holds.
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CROMPTONCrompton Greaves Consumer Electricals Ltd