Stock market news: Crompton Greaves shares surge 10%

NEW DELHI: Shares of Crompton Greaves Consumer Electricals Ltd. traded 9.86 per cent up in Friday's trade at 11:38AM (IST). Around 4584682 shares changed hands on the counter. The stock opened at Rs 305.15 and touched an intraday high and low of Rs 329 and Rs 304.5, respectively, in the session so far.

The stock quoted a 52-week high of Rs 323.85 and a 52-week low of Rs 177.3.

The company reported a 27.77 per cent increase in consolidated net profit at Rs 141.68 crore for the quarter ended September 2020. It had posted a net profit of Rs 110.88 crore in the July-September period a year ago.

Financials
Crompton Greaves Consumer Electricals Ltd., incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 20043.32 Crore) operating in Consumer Durables sector.

For the quarter ended 30-09-2020, the company has reported a Consolidated sales of Rs 1213.19 Crore, up 68.48 per cent from last quarter Sales of Rs 720.10 Crore and up 12.77 per cent from last year same quarter Sales of Rs 1075.79 Crore Company has reported net profit after tax of Rs 141.68 Crore in latest quarter.

Crompton Greaves Consumer Electricals Ltd. key Products/Revenue Segments include Electrical Consumer Durables which contributed Rs 3376.12 Crore to Sales Value (74.82 per cent of Total Sales), Lighting Products which contributed Rs 1115.97 Crore to Sales Value (24.73 per cent of Total Sales), Scrap which contributed Rs 8.11 Crore to Sales Value (0.17 per cent of Total Sales), Export Incentives which contributed Rs 6.68 Crore to Sales Value (0.14 per cent of Total Sales) and Sale of services which contributed Rs 5.09 Crore to Sales Value (0.11 per cent of Total Sales) for the year ending 31-Mar-2020.

Valuation ratio
It quoted a price-to-earnings ratio of 40.55 and price to book value of 8.92.