Mumbai : Crompton Greaves Consumer Electricals Ltd (CGCEL), a leading consumer durable company, today 25th October, 2018, announced its financial results for the quarter ended 30th September, 2018. Total Income for the quarter was Rs. 1,037.8 Crs, a growth of 8.1% year on year (y-o-y). Electrical Consumer Durables segment grew by 14.6%, driven by strong performance in the core fans and pumps segments.

Profit After Tax for Q2FY19 was at Rs. 76.9 Crs, up by 8.6%. PAT margin remained constant at 7.4% despite input cost pressures and continued price erosion in LED lighting. This was achieved through sustained cost reduction efforts and by improving overall efficiency.

Commenting on the Quarter results, Company’s Managing Director Shantanu Khosla said “We have grown our core ECD business strongly and continued to grow margins in-spite of commodity cost pressures. Our non-EESL led lighting business continues to register strong volume growth. However, continuing price erosion and forex led input cost pressures have impacted margins adversely in lighting. Widening the scope of operational efficiency programs has helped us manage some of these headwinds. “