Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

Crompton Greaves Consumer Electricals Limited Interim / Quarterly Report 2022

Oct 22, 2021

60950_rns_2021-10-22_bfe4e62c-4ce5-4c43-a952-41d50d47c519.pdf

Interim / Quarterly Report

Open in viewer

Opens in your device viewer

Crompton

Date:- October 22, 2021

Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai 400 070. India Tel: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in. GIN: L31900MH2015PLC262254

ate:- October 22, 2021 East Wing, Equinox Business Park, LBS
Kurla (West), Mumbai 400 070.
Tel: +91 22 6167 8499 F: +91 22 6167
W: www.crompton.co.in.GIN: L31900MH2015PLC2
To, To,
BSE Limited ("BSE"), National Stock Exchange of India Limited
Corporate Relationship Department, ("NSE"),
2ndFloor, New Trading Ring, "Exchange Plaza", 5thFloor,
P.J. Towers, Dalal Street, Plot No. C/1, G Block,
Mumbai - 400 001. Bandra-Kurla Complex
Sandra(East), Mumbai - 400 051.
BSE Scrip Code: 539876 NSE Symbol: CROMPTON
ISIN: INE299U01018 ISIN: INE299U01018
Our Reference: 93/2021-22 Our Reference: 93/2021-22

Dear Sir/ Madam,

Sub: Outcome of Meeting of the Board of Directors held on October 22 ~~1~~ 2021

Pursuant to Regulation 30 & Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations"), we inform you that the Board of Directors in their Meeting held today which commenced at 2; 2 (l) P.M. (1ST) and concluded at S: g 4 P.M. (1ST) have inter alia, approved the following:-

  1. Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2021;

  2. Limited Review Report on the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2021;

  3. Press Release on the Unaudited Financial Results for the quarter and half year ended September 30, 2021.

  4. Requests received from Amalfiaco Limited, Al Cool Midco 1 Limited, Al Cool Midco 2 Limited and Nirsinia Limited belonging to Promoter and Promoter Group of the Company for removal of their name from the "Promoter and Promoter Group" category as per the provisions of Regulation 31A of SEBI (LODR), 2015. Enclosed extract of the Minutes of the Meeting of the Board of Directors of the Company as Annexure 1

We enclose the following:-

  1. Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2021.

  2. Limited Review Report on the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2021;

  3. Press-release on the Unaudited Financial Results for the quarter and half year ended September 30, 2021.

  4. Extract of the Minutes of the Meeting of the Board of Directors of the_ Company approving the request for removal of the names from Promoter and Promoter Grou�=� w f :::-[u] ,,, 0 ' :--.. EJ �p�

Crompton

Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai 400 070. India Tel: +91 22 6167 8499 F: +91 22 6167 8383

W: www.crompton.co.in. CIN: L31900MH2015PLC262254

An extract of the aforesaid results would be published in the newspapers in accordance with the Listing Regulations

You are requested to kindly take the above information on your record.

Thanking You,

For Crompton Greaves Consumer Electricals Limited r-

==> picture [84 x 87] intentionally omitted <==

Pragya Kaul Company Secretary & Compliance Officer

Encl: A/a

MSKA

& Associates

602, Floor 6, Raheja Titanium Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E) Mumbai 400063,[I] ND[I] A Tel: +91 22 6831 1600

Chartered Accountants

Independent Auditor's Review Report on unaudited quarterly and year to date standalone financial results of the Company pursuant to the Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

The Board of Directors Crompton Greaves Consumer Electricals Limited

  • We have reviewed the accompanying statement of unaudited standalone financial results of Crompton Greaves Consumer Electricals Limited ('the Company') for the quarter ended 30 September 2021 and the year to-date results for the period 1 April 2021 to 30 September 2021 ('the Statement') attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ( 'the Regulation'). This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to express a conclusion on the based on our review.

  • This Statement has been prepared by the Company's Management in accordance with the recognition and measurement principles laid down in Ind AS 34 'Interim Financial Reporting', prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognized accounting principles generally accepted in India.

  • We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether standalone financial results are free of material misstatements. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

  • Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited standalone financial results prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognized accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Regulation including the manner in which it is to be disclosed, or that it contains any material misstatement.

Head Office: 602, Floor 6, Raheja Titanium, Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E), Mumbai 400063, INDIA, Tel: +91 22 6831 1600 Regd. No. 105047W I Ahmedabad I Bengaluru I Chennai I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Pune www.mska.

MSKA

& Associates

Chartered Accountants

  1. The Statement of the Company for the quarter ended 30 June 2021, 30 September 2020 and half year ended 30 September 2020 were reviewed by another auditor whose review report dated 23 July 2021, 22 October 2020 and 22 October 2020 respectively expressed an unmodified opinion on those Statements. Further, the Statement of the Company for the Year ended 31 March 2021 was audited by another auditor whose audited report dated 21 May 2021 expressed an unmodified opinion on those Statements.

Our conclusion is not modified in respect of the above matter.

For MSKA & Associates

Chartered Accountants

ICAI Firm Registration No.105047W

==> picture [166 x 29] intentionally omitted <==

Partner Srividya Vaidison Membership No.: 207132 UDIN: 21207132AAAABV6065 Place: Mumbai Date: 22 October 2021

==> picture [82 x 82] intentionally omitted <==

Head Office: 602, Floor 6, Raheja Titanium, Western Express H1ghway, GeetanJal1 RaHwcy Colony, RMn Nbgor, Gorege1on lE.), Mumoo1 "tOOOO), lHDIA, Tc\; +91 2.2. 6831 16�0 Regd. No. 105047W I Ahmedabad I Bengaluru J Chennai J Goa J Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Pune www.mska.m

Crompton

Crompton Greaves Consumer Electricals Limited

Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai 400 070. India Tel: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in. CIN: L31900MH2015PLC262254

STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF-YEAR ENDED 30TH SEPTEMBER, 2021

STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF-YEAR ENDED 30TH SEPTEMBER, 2021 STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF-YEAR ENDED 30TH SEPTEMBER, 2021
(� crore)
Sr.
No.
1
2
3
4
5
6
7
8
9
10
Quarter Ended
Particulars
30.09.2021
30.06.2021
30.09.2020
Unaudited
Unaudited
Unaudited
Income
(a) Revenue from operations
1,384.81
1,046.15
1,198.39
(b) Other income
28.44
19.69
16.66
Total income
1,413.25
1,065.84
1,215.05
Expenses
(a)Cost of materials consumed
322.15
211.45
255.80
(b)Purchases of stock-in-trade
611.20
517,98
527.35
(c)Changes in inventories of finished
goods, stock-in-trade and work-in-progress
8.10
(20.69)
20.94
(d}Employee benefits expense
96.22
88.53
79.65
(e)Finance costs
8.02
10.07
11.13
(f)
Depreciation and amortisation expense
10.06
7.57
7.66
(g)Other expenses
133.01
126.11
128.79
Totalexpenses
1,188.76
941.02
1,031.32
Profit before tax (1-2)
224.49
124.82
183.73
Tax expense
a) Current tax
57.24
33.60
49.08
b) Deferred tax
(3.23)
(1.90)
(2.43)
Profit for the period/year (3-4)
170.48
93.12
137.08
Other comprehensive income/ (loss)
(i) Items that will not be reclassified to profit or loss
- Remeasurements gain/ (loss) on defined benefit plans
0.73
0.73
(0.72)
(ii) Income tax relating to items that will not be reclassified
to profit or loss
(0.18)
(0.18)
0.18
Other comprehensive income / (loss)
0.55
0.55
(0.54)
Total comprehensive income (5+6)
171.03
93.67
136.54
Paid-up Equity share capital of � 2 each
125.60
125.56
125.47
Other Equity
Earnings Per Share (of� 2 each) (Not annualised)
(a) Basic (in �)
2.72
1.48
2.19
(b) Diluted (in �)
2.69
1.47
2.17*		 Half-Year ended
Year Ended
30.09.2021
30.09.2020
31.03.2021
Unaudited
Unaudited
Audited
2,430.96
1,911.56
4,749.95
48.13
35.42
75.63
2,479.09
1,946.98
4,825.58
533.60
326.97
985.44
1,129.18
812.21
2,283.20
(12.59)
146.26
(38.20)
184.75
151.65
336.58
18.09
21.91
42.91
17.63
15.65
29.69
259.12
189.79
478.24
2,129.78
1,664.44
4,117.86
349.31
282.54
707.72
90.84
75.48
111.36

(5.13)
(3.73)
(8.38)
263.60
210.79
604.74

1.46
(1.44)
2.93
(0.36)
0.36
(0.74)

1.10
(1.08)
2.19
264.70
209. 71
606.93
125.60
125.47
125.54
1,929.64
1,563.21
1,793.45
4.20
3.36
9.64
4.16
3.33
9.56

==> picture [83 x 81] intentionally omitted <==

==> picture [109 x 95] intentionally omitted <==

Crompton

Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor, East W ing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai 400 070. India Tel: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in. CIN : L31900MH2015PLC262254

ST AN DALO NE SEGMENT-WISE REVENUE, RESULTS, AS ETS AND LIABILITIES FOR THE QUARTER AND HALF-YEAR ENDED 30TH SEPTEMBER, 2021

(t crore) (t crore)
Quarter Ended
Half-Year ended
Sr.
No.
Particulars
30.09.2021
30.06.2021
30.09.2020
30.09.2021
30.09.2020
Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
1 Segment Revenue
a) Electric Consumer Durables
1,096.43
884.41
931.69
1,980.84
1,528.22
b) Lighting Products
288.38
161.74
266.70
450.12
383.34
Total
1,384.81
1,046.15
.1, 198.39
2,430.96
1,911.56
Less: Inter-Segment Re1.enue
.
.
.
.
Total Income from operations
1,384.81
1,046.15
1,198.39
2,430.96
1,911.56
2 Segment Results:
(Profit before tax and finance costs from each segment)
a) Electric Consumer Durables
229.96
155. 78
196.03
385.74
318.28
b) Lighting Products
32.98
16.17
27.64
49.15
33.09
Total
262.94
171.95
223.67
434.89
351.37
Less: (i)
Finance costs
8.02
10.07
11.13
18.09
21.91
(ii)Other un-allocable expenditure net of
un-allocated income
30.43
37.06
28.81
67.49
46.92
Profit from ordinary activities before tax
224.49
124.82
183.73
349.31
282.54
3 Segment Assets
a) Electric Consumer Durables
947.47
941.58
579.79
947.47
579.79
b) Lighting Products
374.30
358.02
402.32
374.30
402.32
c) Unallocable
2,098.31
1,926.75
2,121.89
2,098.31
2,121.89
Total Segment Assets
3,420.08
3,226.35
3,104.00
3,420.08
3,104.00
4 Segment Liabilities
a) Electric Consumer Durables
668.69
562.38
549.48
668.69
549.48
b) Lighting Products
335. 76
266.22
298.58
335.76
298.58
c) Unallocable
360.15
371.24
567.26
360.15
567.26
Total Segment Liabilities
1,364.60
1,199.84
1,415.32
1,364.60
1,415.32		 Year Ended
31.03.2021
Audited
3,757.13
992.82
4,749.95
.
4,749.95
739.22
116.14
855.36
42.91
104.73
707.72
912.83
386.80
2,264.23
3,563.86
689.63
373.91
581.33
1,644.87

==> picture [83 x 82] intentionally omitted <==

==> picture [95 x 101] intentionally omitted <==

Crompton

Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai 400 070. India Tel: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in. CIN: L31900MH2015PLC262254

STANDALONE STATEMENT OF ASSETS AND LIABILITIES

(t crore) (t crore)
Pariculars As at
30.09.2021		 As at
31.03.2021
Unaudited
105.48
5.76
47.75
779.41
1.94
14.20
6.85
63.02
34.97		 Audited
A
1
2
B
1		 ASSETS
Non-current Asts:
(a) Propery, plant and equipment
(b) Capital work-in-progress
(c) Right to use assets
(d) Goodwill
(e) Other intangible assets
(f) Financial assets
(i) ln-stments
(ii) Others
(g) Deferred tax assets (net)
(h) Other non-current assets
Sub-total • Non-current Asts
Current Asts
(a) ln-ntories
(b) Financial assets
(i) ln-stments
(ii) Trade receivbles
(iii) Cash and cash equivlents
(iv) Bank balances other than (iii) abo-.
(v) Others
(c) Current tax asset (net)
(d) Other current assets
Sub-total· Current Assts		 97.43
10.86
35.33
779.41
2.82
14.20
6.15
58.26
20.09
1,059.38 1,024.55
565.23
983.61
438.96
130.12
72.17
17.38
24.06
129.17		 517.77
761.07
482.74
252.99
341.53
13.16
20.05
150.00
2,360.70 2,539.31
Total - Asts 3,420.08 3,563.86
EQUITY AND LIABILITIES
Equity
(a) Equity Share capital
(b) Other equity
 125.60
1,929.64		 125.54
1,793.45
2 (c) Share application money pending allotment
Sub-total • Equity
Liabilities
Non-current Liabilities:
(a) Financial liabilities
(i) Borrowings
(ii) Lease Liabilities
(b) Pro>sions
Sub-total• Non-current Liabilities
Current Liabilities
(a) Financial liabilities
(i) Borrowings
(ii) Lease Liabilities
(iii) Trade payables
(a) Due to micro and small enterprises
(b) Due to creditors other than micro and small enterprises
(iv) Other fnancial liabilities
(b) Other current liabilities
(c) Pro>isions
Sub-total - Currant Litbilitioe		 0.24
.
2,055.48
1,918.99
149.46
31.78
21.44
298.79
23.87
21.44
202.68
344.10
150.06
20.49
106.80
603.49
32.96
42.00
206.12
1,181.92
180.00
15.45
35.59
799.71
54.75
16.03
199.24
1,300.77
3,420.08
3,563.86
Total · Equity and Liabilities

==> picture [81 x 82] intentionally omitted <==

==> picture [78 x 69] intentionally omitted <==

Crompton

Crompton Greaves Consumer Electricals Limited

Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai 400 070. India Tel: +9122 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in. GIN: L31900MH2015PLC262254

STANDALONE STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2021

f crore
Particulars Period ended
30.09.2021		 Period ended
30.09.2020		 2020-21
Un au dite d Un au dite d Audited
[AJ CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax 349.31 282.54 707.72
Adjustments for:
Depreciation and amortisation expense		 17.63 15.65 29.69
Interest expense 18.09 21.91 42.91
Loss on sale of property. plant and equipment
Pro\ision for expenses on Employee stock options
Net (9ain) / loss on sale/ fair valuation of imestments		 0.01
22.08
(18.46)		 0.00
10.24
(26.35)		 0.16
25.17
(43.48)
Interest income
Di\idend rrom Subsi diaries		 (16.06)
(11.86)		 (8.96) (31.15)
Unrealised exchange (gain)/ loss (net) 0.34 (3.15) (3.21)
11.77 9.34 20.09
Cash Generated from operations before working capital changes 361.08 291.88 727.81
Adjustments for
(Increase)/ Decrease in trade and other receivables		 45.14 63.38 (49.14)
(Increase) I Decrease in imentories (47.46) 149.84 (54.16)
Increase/ (Decrease) in trade and other payables (99.16) 10.86 203.28
Increase/ (Decrease) in pro\isions 9.79 17.79 39.72
(91.69) 241.87 139.70
Cash generated from operations
Taxes paid (net of refunds)		 269.39
(94.84)		 533.75
(13.55)		 867.51
(52.59)
Net cash (used in)/ generated from operating activities [AJ 174.55 520.20 814.92
[BJ CASH FLOWS FROM INVESTING ACTIVITIES
Add:Inflows from investing activities
Interest recei\8d
Dil.idend rrom Subsidiaries		 21.51
11.86		 13.40 26.50
Sale of property. plant and equipment 0.01 0.00 0.41
33.38 13.40 26.91
_Less:_Outflows from investing activities
Purchase/ (Sale) of current in\8stments (net)		 204.08 452.06 178.02
Increase/ (Decrease) in other bank balances and term deposits (269.37) (0.01) 317.44
Purchase of property, plant and equipment and intangible assets 19.63 6.42 20.18
(45.66) 458.47 515.64
Net Cash (used in)/ generated from investing activities [BJ 79.04 (445.07) (488.73)
[CJ CASH FLOWS FROM FINANCING ACTIVITIES
Add:Inflows from financing activities
Proceeds from issue of equity shares
Proceeds from issue of debentures		 6.68 0.93
300.00		 7.27
300.00
Proceeds rrom Short Term Borrowings (Net) 0.06
6.74 300.93 307.27
_Less:_Outflows from financing activities
Payment of di'1dend including dil.idend distnbution tax		 156.13 0.01 187.39
Repayment ofdebentures 180.00 170.00 170.00
Repayment of lease liability 8.78 5.93 11.90
Interest paid 38.29 33.84 34.15
383.20 209.78 403.44
Net Cash (used in)/ gener ate dfrom financingactivities [CJ (376.46)
91.15		 (96.17)
I._
N_ et		 in c_r e_ase/-'("-d-'-e-'-cr:...:e..:.a_se-')c.i_n c_a _sh
..:.a_n.;d:...:c.c.a..:.sh
..:.e.;,q.:.uc..:iv..:.a.:.:le'-'n-'ts
=--,(A
:...:
+
_B
::.		 +C
:c)c._____jl._I ==-(._1 _22 .87
""').._1 __ ==1_6_6.2
.;.8_.1_==2=3=0=.0;.;2;.I
(a) Cashand c ash equivalentsat be ginning of the year
( b) Cashand cash equiv alentsat en dof the year		 252.99
130.12		 22.97
189.25		 22.97
252.99
c Net increase/ decrease in cash and cash equivalents c = b•a (122.87 166.28 230.02

==> picture [83 x 83] intentionally omitted <==

==> picture [106 x 112] intentionally omitted <==

Crompton

Crompton Greaves Consumer Electricals Limited

Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai 400 070. India Tel: +9122 6167 8499 F: +91 22 6167 8383 W: WWW.Crompton.co.in. CIN: L31900MH2015PLC262254

Notes on Standalone financial results:

  • 1) The above standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors on 22[nd ] October, 2021. Review under Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been carried out by the statutory auditors. Auditor's report does not contain any observation which would have an impact on the above results.

  • The listed secured Non-Convertible Debentures of the Company aggregating to Rs. 300 crore as on 30[th ] September, 2021 are secured by charge on Company's certain properties and charge on 'Crompton' Brand and Registered Trade Marks. The asset cover as on 30[th ] September, 2021 exceeds one hundred percent of the principal amount.

  • 2)

  • 3) Additional disclosures as per Clause 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015:

Sr.
No.		 Particulars Quarter Ended
30.09.2021
30.06.2021		 Quarter Ended
30.09.2021
30.06.2021		 30 .09.2020 Six Months Ended
30.09.2021
30 .09.2020		 Six Months Ended
30.09.2021
30 .09.2020		 YearEnded
31.03 .2021
(a) Outstanding Non- Con-ertible Debentures(' In crores) 300.00 300.00 480.00 300.00 480.00 480.00
(b) Debenture Redemption ReseNe (' In crores} 75.00 75.00 75.00 75.00 75.00 75.00
(c) Securities Premium (' In crores} 32.67 27.17 14.68 32.67 14.68 24.01
(d) Net Worth (' In crores) 2,055.48 2 ,026.51 1,688.68 2,055.48 1,688.68 1,918.99
(e) Net Profit after Tax(' In crores) 170.48 93.12 137.08 263.60 210.79 604.74
(Q Basic Earnings per share (in '} 2.72' 1.48. 2.19' 4.20· 3.36. 9.64
(g} Diluted Earnings per share (in '} 2.69. 1.47' 2.17' 4.16' 3_33• 9.56
{h} Debt-Equity Ratio (in times} 0.15 0.15 0.28 0.15 0.28 0.25
[Total Debt/ Equity)
(i} Long term Debt to working capital (in times} 0.22 0.23 0.41 0.22 0.41 0.34
[Non current Borrowings + current Maturities of long term debt)/
Net working capital excl. current Borrowings)
U) Total Debts to Total Assets Ratio (in times) 0.09 0.09 0.15 0.09 0.15 0.13
[(Short term Debt+Long term debt)/ Total Assets!
(k) Debt Ser-.ice Co-erage Ratio (in times} 1.00· 0.58' 0.86' 1.51' 1.29' 3.18
[ Profit After Tax+Interest+Depreciation/
(Finance Cost+Repayments made during the year))
(I) Interest Ser-.ice Co-erage Ratio (in times} 30.25' 14.15' 18.20' 21.29' 14.61' 18.19
[(Profit Before Tax+Interest+Depreciation)/Finance Cost]
(m) Current ratio (in times) 2.33 2.50 2.27 2.33 2.27 2.27
(Current Assets/ Current liabilities excl. current Borrowings}
(n) Bad Debts to Account receivable ratio (in % ) - 3.00%
(Bad debts/ Trade receivables)
{o) Current Liability ratio (in times) 0.74 0.73 0.65 0.74 0.65 0.68
(Current liabilities excl. current Maturities of long term debt/ Total Liabilities}
{p) Debtors Turno-er (in times} 3.00' 2.42· 2.84' 5.27' 4.53' 10.09
[{Sale of Products and Ser-.ices/ A..g Trade Receivables))
(q) ln-entory Turno-er (in times) 1.74' 1,32• 2.07' 3.05' 3.31' 6.58
[(Cost of goods sold/ A-erage ln-entory))
(r) Operating Margin (in % ) 17.52% 13.62% 16.90% 15.84% 16.75% 16.43%
[(Profit before Depreciation, Interest, Tax and Exceptional items)/
Sale of Products and Ser-.ices)
(s} Net Profit Margin (in%) 12.06% 8.74% 11.28% 10.63% 10.83% 12.53%
(Profit after tax/ Sale of Products and Ser-.ices}
(Not annualised)

==> picture [82 x 80] intentionally omitted <==

==> picture [109 x 105] intentionally omitted <==

Crompton

Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai 400 070. India Tel: +91 226167 8499 F: +91 22 6167 8383 W: WWW.Crompton.co.in. CIN: l31900MH2015PLC262254

  • 4) During the quarter 2,00, 886 Equity shares of face value Rs. 2 each were allotted upon exercise of the vested options under Employee Stock Option Scheme.

  • 5) Figures of the previous periods have been regrouped, wherever necessary.

For Crompton Greaves Consumer Electricals Limited

Place: Mumbai Date: 22nd October, 2021

==> picture [83 x 83] intentionally omitted <==

==> picture [180 x 148] intentionally omitted <==

----- Start of picture text -----

Shanta:��
Managing Director
DIN:00059877
----- End of picture text -----

MSKA & A ociates s

602, Floor 6, Raheja Titanium Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E) Mumbai 400063, INDIA Tel: +91 22 6831 1600

Chartered Accountants

Independent Auditor's Review Report on Consolidated Unaudited Quarterly and year to date financial results of the Group, its Associate and Jointly controlled entities pursuant to the Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

The Board of Directors

Crompton Greaves Consumer Electricals Limited

  1. We have reviewed the accompanying statement of consolidated unaudited financial results of Crompton Greaves Consumer Electricals Limited ('the Holding Company'), its subsidiaries, (the Holding Company and its subsidiaries together referred to as the 'Group') for the quarter ended 30 September 2021 and the year to-date results for the period from 1 April 2021 to 30 September 2021 ('the Statement'), being submitted by the Holding Company pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Regulations'). This statement is the responsibility of the Holding Company's Management and has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the based on our review.

  2. This Statement has been prepared by the Holding Company's Management in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting'('lnd AS 34'), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognized accounting principles generally accepted in India.

  3. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial results are free of material misstatement. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a nded, to the extent applicable.

Head Office: 602, Floor 6, Roheju Tlt.)r\'ium, Western (xprc�� l-li3hw�y, Gcctonjoli R-,.Hway Colony, A.on"\ Ne.sar, G�rc9oon <[), MurY'>bo.\ AOO � , HJOIA, Tel: .. Q1 22 l.Q)1 1£.00 Regd. No. 105047W I Ahmedabad I Bengaluru I Chennai I Goa I Gurugram I Hyderabad I Koch, I Kolkata I Mumbai I Pune www.mska.in

==> picture [94 x 45] intentionally omitted <==

----- Start of picture text -----

MSKA
& Associates
----- End of picture text -----

Chartered Accountants

  1. This Statement includes the results of the following entities:
Sr. No Name of the Company Relationship with the Holding
Company
1. Pinnacles Lighting Project Private Limited Wholly owned subsidiary
2. Nexustar Lighting Project Private Limited Wholly owned subsidiary

  1. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement are prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognized accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Regulation including the manner in which it is to be disclosed, or that it contains any material misstatement.

  2. We did not review the interim financial results of two subsidiaries included in the consolidated unaudited financial results, whose interim financial results reflect total assets of Rs.33. 75 crore as at 30 September 2021 and total revenues of Rs.0.32 crore and Rs. 4.67 crore, total net profit after tax of Rs.0.22 crore and Rs.1.86 crore and total comprehensive income of Rs.0.22 crore and Rs. 1.86 crore, for the quarter ended 30 September 2021 and for the period from 1 April 2021 to 30 September 2021, respectively, and cash flows (net) of Rs.9.28 crore for the period from 1 April 2021 to 30 September 2021, as considered in the consolidated unaudited financial results. These interim financial results have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.

Our conclusion is not modified in respect of the above matters.

==> picture [83 x 81] intentionally omitted <==

Head Office: 602, Floor 6, Raheja Tltar"lium, Western Exprc-ss Highway, Geetanjali Railway Colony. Ram Nagar, G-=:iregaon (E), Mumbai 400063. INDIA, Tel: +t'l1 22 6831 1600 Regd. No. 105047W[I ] Ahmedabad[I ] Bengaluru[I ] Chennai[I ] Goa[I ] Gurugram I Hyderabad I Koch, I KolKata I Mumbai I Pune ~~www.msKa.1n~~

MSKA

& Associates

Chartered Accountants

  1. The Statement of the group for the quarter ended 30 June 2021, 30 September 2020 and half year ended 30 September 2020 were reviewed by another auditor whose review report dated 23 July 2021, 22 October 2020 and 22 October 2020 respectively expressed an unmodified opinion on those Statements. Similarly, the Statement of the group for the Year ended 31 March 2021 was audited by another auditor whose audit report dated 21 May 2021 expressed an unmodified opinion on those Statements.

Our conclusion is not modified in respect of the above matter.

For MSKA & Associates

Chartered Accountants ICAI Firm Registration No.105047W

==> picture [169 x 30] intentionally omitted <==

Srividya Vaidison Partner Membership No.: 207132 UDIN: 21207132AAAABW8688 Place: Mumbai Date: 22 October 2021

==> picture [83 x 81] intentionally omitted <==

He;)d Office-: 602 1 Floor 6, Raheja Titanium, Western l.:xpress Highway, Gootanjali Railway Colony, Ram Nagar, Go,..egaon ([), Mumbai '100063. INDIA. Tel: +91 22 68)1 1600 Regd. No. 105047W I Ahmedabad I Bengaluru I Chennai I Goa I Gurugram I Hyderabad I Kochi I Kolkata I Mumbai I Pune www.msKa.in

Crompton

Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor,

East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai 400 070. India Tel: +9122 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in. CIN: L31900MH2015PLC262254

STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF-YEAR ENDED 30TH SEPTEMBER, 2021

STATEMENT OF CONSOLIDATED FINANCIAL RESU LTS FOR THE QUARTER AND HALF-YEAR EN DED 30TH SE PTEMBER, 2 021
(f crore)
Quarter Ended Half-Year ended Year Ended
Sr.
No.		 Particulars 30.09.2021
Unaudited		 30.06.2021
Unaudited		 30.09.2020
Unaudited		 30.09.2021
Unaudited		 30.09.2020
Unaudited		 31.03.2021
Audited
1 Income
(a) Re-.enue from operations 1,385.12 1,050.48 1,213.19 2,435.60 1,933.29 4,803.51
{b) Other income 16.86 19.60 16.68 36.46 35.26 75.75
Total income 1,401.98 1,070.08 1,229.87 2,472.06 1,968.55 4,879.26
2 Expenses
(a)Cost of materials consumed 322.15 211.45 255.80 533.60 326.97 986.31
(b)Purchases of stock-in-trade 611.37 519.03 536.58 1, 130:40 825.86 2,320.00
(c)Changes in im,entories of finished
goods, stock-in-trade and work-in-progress 8.10 (19.82) 20.94 (11.72) 146.26 (39.07)
{d)
Employee benefits expense		 96.22 88.53 79.65 184. 75 151.65 336.58
(e)Finance costs 8.02 10.07 11.13 18.09 21.91 42.91
(f)
Depreciation and amortisation expense		 10.06 7.57 7.66 17.63 15.65 29.69
(9)Other expenses 133.17 126.25 128.97 259.42 190.10 479.21
Total expenses 1,189.09 943.08 1,040.73 2,132.17 1,678.40 4,155.63
3 Profit before tax (1-2) 212.89 127.00 189.14 339.89 290.15 723.63
4 Tax expense
a) Current tax 57.31 34.15 49.86 91.46 77.40 115.61
b) Deferred tax (3.23)
(1.91)		 (2.40) (5.14) (3.73) (8.63)
5 Profit for the period/year (3-4) 158.81 94.76 141.68 253.57 216.48 616.65
6 Other comprehensive income / (loss)
(i) Items that will not be reclassified to profit or loss
- Remeasurements gain / (loss) on defined benefit plans 0.73 0.73 (0.72) 1.46 (1.44) 2.93
(ii) Income tax relating to items that will not be reclassified
to profit or loss (0.18)
(0.18)		 0.18 (0.36) 0.36 (0.74)
Other comprehensive income / (loss) 0.55 0.55 (0.54) 1.10 (1.08) 2.19
7 Total comprehensive income (5+6) 159.36 95.31 141.14 254.67 215.40 618.84
8 Paid-up Equity share capital of� 2 each 125.60 125.56 125.47 125.60 125.47 125.54
9 Other Equity 1,932.07 1,569.42 1,805.89
10 Earnings Per Share (of� 2 each) (Not annualised)*
(a) Basic (in �) 2.53* 1.51 * 2.26* 4.04* 3_45• 9.83
(b) Diluted (in_t)_ 2,51• 1.50• 2.24• 4.00* 3.42* 9.75

==> picture [82 x 82] intentionally omitted <==

==> picture [83 x 119] intentionally omitted <==

Crompton

Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor,

East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai 400 070. India Tel: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in. CIN: L31900MH2015PLC262254

CONSOLIDATED SEGMENT-WSE REVENUE, RESULTS, A ETS AD LIAILITIES FOR THE QUATER AD HAF-YEAR ENDED 30TH SEPTEMBER, 2021

(f crore)
Sr.
No.		 Pariculars Quarter Ended Half-Year ended Year Ended
30.09.2021 30.06.2021 30.09.2020 30.09.2021
30.09.2020		 31.03.2021
Unaudited Unaudited Unaudited Unaudited
Unaudited
Audited
1,980.84
1,528.22
3,757.13
454.76
405.07
1,046.38
2,435.60
1,933.29
4,803.51
.
.
.
Audited
1 Segment Revenue
a) Electric Consumer Durables
b) Lighting Products
Total
Less: Inter-Segment Revnue		 1,096.43
288.69
1,385.12
.		 884.41
166.07
1,050.48
.		 931.69
281.50
1,213.19
.
Total Income from operations 1,385.12 1,050.48 1,213.19 2,435.60
1,933.29
4,803.51
385.74
318.28
739.22
50.66
40.55
131.73
436.40
358.83
870.95
18.09
21.91
42.91
78.42
46.77
104.41
2 Segment Reslts:
(Profit before tax and finance costs from each segment)
a) Electric Consumer Durables
b) Lighting Products
Total
Less:(i)
Finance costs
(ii)Other un-allocable expenditure net of
un-allocated income
229.96
32.93
262.89
8.02
41.98		 155. 78
17.73
173.51
10.07
36.44		 196.03
33.07
229.10
11.13
28.83
Profit from ordinary activities before tax 212.89 127.00 189.14 339.89
290.15
723.63
3 Segment Asts
a) Electric Consumer Durables
947.47
941.58
579.79
b) Lighting Products
393.27
397.08
451.20
 947.47
579.79
912.83
393.27
451.20
439.56
c)Unallocable
2,098.43
1,926.91
2,107.22
2,098.43
2,107.22
2,264.91
Total Segment Asts
3,439.17
3,265.57
3,138.21
3,439.17
3,138.21
3,617.30
4 Segment Liabilities
a) Electric Consumer Durables
668.69
562.38
549.48
668.69
549.48
689.63
b) Lighting Products
352.28
291.18
331.89
352.28
331.89
414.21
c)Unallocable
360.29
371.41
561.95
360.29
561.95
582.03
Total Segment Liabilities
1,381.26
1,224.97
1,443.32
1,381.26
1,443.32
1,685.87

==> picture [82 x 81] intentionally omitted <==

==> picture [85 x 118] intentionally omitted <==

Crompton

Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai 400 070. India Tel: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in. CIN: L31900MH2015PLC262254

CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES

A
1
2
B
1
2		 If crorel If crorel
Pariculars
ASSETS
Non-currentAsts:
(a) Propery, plant and equipment
(b) Capital wor-in-progress
(c) Right to use assets
(d) Goodwill
(e) Other intangible assets
(f Financial assets
(i) Others
(g) Deferred tax assets (net)
(h) Other non-current assets
Sub-total - Non-current Asts
Current Asts
(a) ln1ntories
(b) Financial assets
(i) ln1stments
(ii) Trade receivbles
(iii) Cash and cash equivlents
(iv Bank balances other than (iii) abo1
(v) Others
(c) Current tax asset (net)
(d) Other current assets
Sub-total - CurrentAsts
 Pariculars Asat
Asal
30.09.2021
31.03.2021
Unaudited
Audited
105.48
97.43
5.76
10.86
47.75
35.33
779.41
779.41
1.94
2.82
6.85
6.15
63.32
58.55
34.97
20.09
1,045.48
1,010.64
565.23
518.64
998.99
769.73
453.77
491.18
130.28
262.42
72.17
341.53
16.95
13.15
24.18
20.72
132.12
189.29
2,393.69 2,606.66
Total •Asts 3,439.17 3,617.30
EQUITY AND LIABILITIES
Equity
(a) Equity Share capital
(b) Other equity
(c) Share application money pending allotment
Sub-total • Equity
Liabilities
Non-current Liabilities:
(a) Financial liabilities
(i) Borrowings
(ii) Lease Liabilities
(b) Pro\sions
Sub-total - Non-current Liabilities
Current Liabilities
(a) Financial liabilities
(i) Borrowings
(ii) Lease Liabilities
(iii) Trade payables
(a) Due to micro and small enterprises
(b) Due to creditors other than micro and small enterprises
(iv Other financial liabilities
(b) Other current liabilities
(c) Pro,sions
Sub-total - Current Liabilities
Total - Equityand Liabilities		 125.60
125.54
1,932.07
1,805.89
0.24
.
2,057.91
1,931.43
149.46
298.79
31.78
23.87
21.44
21.44
202.68
344.10
150.06
180.00
20.49
15.44
106.80
35.60
614.34
829.07
32.96
54.75
42.29
22.15
211.64
204.76
1,178.58
1,341.77
3,439.17
3,617.30

==> picture [81 x 81] intentionally omitted <==

==> picture [89 x 111] intentionally omitted <==

Crompton

Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor,

East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai 400 070. India Tel: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in. CIN: L31900MH2015PLC262254

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2021

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE HAL F YEAR END ED 30T H SEPTEMBER, 2 021
f crore
Particulars Periodended
30.09.2021		 Period ended
30.09.2020		 2020-21
Unaudited Unaudited Audited
[AJ CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax 339.89 290.15 723.63
Adjustments for:
Depreciation and amortisation expense 17.63 15.65 29.69
Interest expense 18.09 21.91 42.91
Loss on sale of property. plant and equipment
Pr01,ision for expenses on employee stock options
Net (gain)/ loss on sale/ fair valuation of im,estments		 0.01
22.08
(18.72)		 0.00
10.24
(26.43)		 0.16
25.17
(43.66)
Interest income (16.38) (8.96) (31.37)
Unrealised exchange (gain)/ loss (net) 0.30 (3.15) (3.21)
23.0.1 9.26 19.69
Cash Generated from operations before working capital changes 362.90 299.41 743.32
Adjustments for
(Increase)/ Decrease in trade and other receivables
(Increase)/ Decrease in in1.entories		 76.98
(46.59)		 36.89
149.84		 (77.24)
(55.03)
Increase/ (Decrease) in trade and other payables (123.43) 29.58 232.22
Increase/ (Decrease) in provisions 8.35 19.81 44.52
(84.69) 236.12 144.47
Cash generated from operations 278.21 535.53 887.79
Taxes paid (net of refunds) (94.92) (15.66) (57.50)
Net cash generated from_I_(used in) operating activities [AJ 183.29 519.87 830.29
[BJCASH FLOWS FROM INVESTING ACTIVITIES
Add:Inflows from investing activities
Interest recei1.ed
Sale of property. plant and equipment		 21.83
0.01		 13.40
0.00		 26.73
0.41
21.84 13.40 27.14
_Less:_Outflows from investing activities
Purchase/ (sale) of current in1.estments (net) 210.55 452.73 185.25
Increase/ (Decrease) in other bank balances and term deposits (269.37) (0.01) 317.44
Purchase of property, plant and equipment and intangible assets 19.63 6.42 20.18
(39.19) 459.14 522.87
Net Cash (used in)/ generated from investing activities [BJ 61.03 (445.74) (495.73)
[CJ CASH FLOWS FROM FINANCING ACTIVITIES
Add:Inflows from financing activities
Proceeds from issue of equity shares 6.68 0.93 7.27
Proceeds from issue of debentures 300.00 300.00
Proceeds from Short Term Borrowings (Net) 0.06 -
6.74 300.93 307.27
_Less:_Outflows from financing activities
Payment of dividend including dividend distribution tax 156.13 0.01 187.39
Repayment of debentures 180.00 170.00 170.00
Repayment of lease liability 8.78 5.93 11.90
Interest paid 38.29 33.84 34.15
383.20 209.78 403.44
Net Cash (used in)Igenerated from financing activities [CJ (376.46) 91.15 (96.17)
!Net increase/ (decrease) In cash and cash equivalents (A+B+C) I (132.14) 165.28 238.39
( a ) Cash and cash equivalents at beginning of the year
( b ) Cash and cash equivalents at end of the year
( c ) Net increaseI(decrease) in cash and cash equivalents		 (c = b-a) I 262.42
130.28
(132.14)		 24.03
189.31
165.28		 24.03
262.42
238.39

Crompton

Crompton Greaves Consumer Electricals Limited

Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai 400 070. India Tel: +9122 6167 8499 F: +9122 6167 8383 W: www.crompton.co.in. CIN: L31900MH2015PLC262254

Notes on Consolidated financial results:

  • 1) The above consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors on 22[nd ] October, 2021. Review under Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 has been carried out by the statutory auditors. Auditor's report does not contain any observation which would have an impact on the above results.

  • 2) The above results comprise the results of Crompton Greaves Consumer Electricals Limited (Parent Company) and two subsidiary companies.

  • 3) The listed secured Non-Convertible Debentures of the Parent Company aggregating to Rs. 300 crore as on 30[th ] September, 2021 are secured by charge on Parent Company's certain properties and charge on 'Crompton' Brand and Registered Trade Marks. The asset cover as on 30[th ] September, 2021 exceeds one hundred percent of the principal amount.

  • Additional disclosures as per Clause 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015:

  • 4)

Sr.
No.		 Particulars Quarter Ended
30.09.2021
30.06.2021		 Quarter Ended
30.09.2021
30.06.2021		 30.09.2020 Six Months
30.09.2021		 Ended
30.09.2020		 Year Ended
31.03.2021
(a) Outstanding Non- Convertible Debentures(' In crores) 300.00 300.00 480.00 300.00 480.00 480.00
(b) Debenture Redemption Reserve(' In crores) 75.00 75.00 75.00 75.00 75.00 75.00
(c) Securities Premium(' In crores) 32.67 27.17 14.68 32.67 14.68 24.01
(d) Net Worth(' In crores) 2 ,057.91 2,040.60 1,694.89 2,057.91 1,694.89 1,931.43
(e) Net Profit after Tax(' In crores) 158.81 94.76 141.68 253.57 216.48 616.65
(f) Basic Earnings per share (in t) 2.53' 1.51' 2.26' 4.04' 3.45' 9.83
(g) Diluted Earnings per share (in t) 2.51' 1.50" 2.24' 4.00' 3.42' 9.75
(h) Debt-Equity Ratio (in times) 0.15 0.15 0.28 0.15 0.28 0.25
[Total Debt/ Equity I
(i) Long term Debt to working capital (in times) 0.22 0.22 0.40 0.22 0.40 0.33
[ Non current Borrowings + current Maturities of long term debt)/
Net working capital excl. current Borrowings]
U) Total Debts to Total Assets Ratio (in times) 0.09 0.09 0.15 0.09 0.15 0.13
[(Short term Debt + Long term debt)/ Total Assets]
(k) Debt Ser.;ce Coverage Ratio (in limes) 0.94' 0.59' 0.89' 1.46' 1.32' 3.24
[ Profit After Tax + Interest + Depreciation/
(Finance Cost + Repayments made during the year)]
(I) Interest Ser.;ce Coverage Ratio (in times) 28.8' 14.37' 18.68' 20.77' 14.96' 18.56
[(Profit Before Tax + Interest + Depreciation)/Finance Cost]
(m) Current ratio (in times) 2.33 2.49 2.26 2.33 2.26 2.24
(Current Assets/ Current liabilities excl. current Borrowings)
(n) Bad Debts to Account receivable ratio (in%) 3.00%
(Bad debts/ Trade receivables)
(o) Current Liability ratio (in times) 0.74 0.74 0.66 0.74 0.66 0.69
(Current liabilities excl. current Maturities of long term debt/ Total Liabilities)
(p) Debtors Turnover (in limes) 2.93' 2.36" 2.84' 5.15' 4.52' 10.06
[(Sale of Products and Ser.;ces/ A\,]. Trade Receivables)]
(q) Inventory Turnover (in times)		 1.74' 1.32' 2.09' 3.05' 3.34' 6.65
[(Cost of goods sold/ Average Inventory)]
(r) Operating Margin (in % ) 16.67% 13.77% 17.14% 15.42% 16.95% 16.58%
[(Profit before Depreciation, Interest, Tax and Exceptional items)/
Sale of Products and Ser.;ces]
(s) Net Profit Margin (in%) 11.33% 8.85% 11.52% 10.26% 11.00% 12.64%
(Profit after tax/ Sale of Products and Ser.;ces)
(Not annualised)

==> picture [81 x 80] intentionally omitted <==

==> picture [82 x 102] intentionally omitted <==

Crompton

Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai 400 070. India Tel: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in. GIN: L31900MH2015PLC262254

  • During the quarter, the parent company allotted 2,00,886 Equity shares of face value Rs. 2 each upon exercise of the vested options under Employee Stock Option Scheme.

  • 6) Figures of the previous periods have been regrouped, wherever necessary.

For Crompton Greaves Consumer Electricals Limited

Place: Mumbai Date: 22nd October, 2021

==> picture [83 x 83] intentionally omitted <==

==> picture [24 x 39] intentionally omitted <==

==> picture [177 x 81] intentionally omitted <==

----- Start of picture text -----

�l�
. Shantanu Khosla
Managing Director
DIN:00059877
L
----- End of picture text -----

Crompton Greaves Consumer Electricals Limited

Results for Quarter Ended September 2021

Revenue growth of 15.6% with strong Profit after Tax growth of 24.4%. Robust EBITDA Margin at 15.5% Focus on employees’ well-being; 77% of employees fully vaccinated.

Mumbai, October 22, 2021: The Board of Directors, at its meeting held on October 22, 2021 approved the results of the Company for the quarter ended September 30, 2021. Standalone revenue for the quarter at Rs. 1,385 cr registered a growth of 15.6% YoY. Commodity costs continued to rise and were offset by cost reduction initiatives, mix enrichment and calibrated price increases. Consequently, EBIDTA margins at 15.5%, expanded by 370 bps over the previous quarter. EBITDA for the quarter was Rs. 215 cr and PAT was Rs. 170 cr. We continue to invest behind Go to Market initiatives, R&D capabilities and Brand building.

Consolidated revenue for quarter was Rs 1,385 cr and PAT was Rs 159 cr.

With easing of restrictions in June, we witnessed improvement in business activity as compared to Q1. Fans growth was driven by strong performance in Premium & Decorative segment leading to higher market share. Appliance business continued to deliver excellent growth based on superior consumer offerings in core categories viz. Geysers, Mixer Grinders and Irons. Lighting business continued to deliver double digit EBIT margin driven by B2C growth of 19%.

Commenting on the Quarter results, Company’s Managing Director, Shantanu Khosla said “Health and safety of our employees are of utmost importance to us. Currently, we have no active Covid case amongst our employees and 77% of our employees are fully vaccinated. ECD segment delivered strong growth across categories and geographies. B2C LED lighting business maintained its upward growth trajectory backed by commensurate value growth. While commodity cost pressures sustained, timely actions have largely mitigated their impact and restored margins.”

About Crompton:

Crompton is India’s market leader in fans, No. 1 player in residential pumps and has leading market positions in its other product categories. The Company manufactures and markets a wide spectrum of consumer products, ranging from fans, lamps and luminaries to pumps and household appliances such as water heaters, coolers, mixer grinders and irons. The Company has strong dealer base across the country and wide service network offering robust after sales service to its customers.

Crompton

Annexure 1

Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai 400 070. India Tel: +9122 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in. CIN: L31900MH2015PLC262254

Extract of Minutes of Meeting of Board of Directors of Crompton Greaves Consumer Electricals Limited held on Friday October 22, 2021 held at the Registered Ofice of the Company at Tower 3, 1[st ] Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070

Approval of the request received from the Promoter and Promoter Group of the Company for removal of their names from 'Promoter and Promoter Group' category

The Board Members were informed that Amalfiaco Limited, Al Cool Midco 1 Limited, Al Cool Midco 2 Limited and Nirsinia Limited, belonging to Promoter and Promoter Group of the Company had vide their letters dated October 15, 2021 requested the Company for removal of their name from 'Promoter and Promoter Group' category of the Company. The Company intimated the request received for re-classification to SSE Limited and National Stock Exchange of India Limited on October 15, 2021.

The Board Members were further informed of the rationale for such re-classification that Amalfiaco Limited, Al Cool Midco 1 Limited, Al Cool Midco 2 Limited and Nirsinia Limited, do not hold any equity shares of the Company as on date and therefore do not have any voting rights in the Company but still have their name under Promoter/Promoter Group Category in the shareholding pattern filed by the Company with the stock exchanges. Moreover, Amalfiaco Limited, Al Cool Midco 1 Limited, Al Cool Mid co 2 Limited and Nirsinia Limited are not engaged in the management or day to day affairs of the Company or involved in management or policy decisions of the Company in any manner and also do not have any right either to appoint any Director of the Company and none of their acts would influence the decision taken by the Company.

Further the Board was also apprised that Amalfiaco Limited, Al Cool Midco 1 Limited, Al Cool Midco 2 Limited and Nirsinia Limited, are satisfying all the conditions specified in sub clause (i) to (vii) of clause (b) of sub-regulation 3 of Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") and they have also confirmed that at all times from the date of such re-classification, they shall continue to comply with conditions mentioned in sub-clause (i),(ii) and (iii) of Clause (b) of sub-regulation 3 of Regulation 31A of SEBI Listing Regulations and shall also comply with conditions mentioned at subclause (iv) and (v) of clause (b) of sub- regulations(3) of regulation 31A of SEBI Listing Regulations for a period of not less than three years from the date of such re­ classification/removal of their name.

Further the Board members were also informed that Amalfiaco Limited, Al Cool Midco 1 Limited, Al Cool Midco 2 Limited and Nirsinia Limited, have confirmed that they are not in violation of the provisions of Regulation 34(1) of the SEBI Delisting Regulations and not in violation of the restrictions imposed by SEBI in terms of the SEBI circular no. SEBI/HO/MRD/DSA/CIR/P/2017/92 dated August 27, 2017.

Accordingly on the basis of the rationale and in accordance with provisions of Regulation 31A of SEBI Listing Regulations, the Board was of the view that the above mentioned for removal of name be accepted and approved by the Board of Directors of the Co · i� � � C,

Crompton

Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai 400 070. India Tel: +91 22 6167 8499 F: +91 22 6167 8383

W: www.crompton.co.in. GIN: L319D0MH2015PLC262254

shall be subject to the approvals of the Stock Exchanges, where the shares of the Company are listed and/or such other approval, if any as may be necessary in this regard.

The Board considered the matter and passed the following resolution unanimously:

"RESOLVED THAT pursuant to the provisions of Regulations 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and subject to the approvals of the Stock Exchanges, where the shares of the Company are listed and/or such other approval, if any, as may be required, the requests received from Amalfiaco Limited, Al Cool Midco 1 Limited, Al Cool Midco 2 Limited and Nirsinia Limited, for removal of their name from "Promoter and Promoters Group" category of the Company be and is hereby approved by the Board of Directors of the Company.

RESOLVED FURTHER THAT any of the Directors or the Key Managerial Personnel of the Company, be and are hereby severally authorized to sign applications, papers, documents and do all such acts, deeds, matters and things as may be necessary to give full effect to the foregoing resolution."

==> picture [86 x 93] intentionally omitted <==

More from Crompton Greaves Consumer Electricals Limited

Regulatory Filings 2026
Jun 8
Regulatory Filings 2026
Jun 8
Regulatory Filings 2026
Jun 8
Regulatory Filings 2026
Jun 8
Regulatory Filings 2026
Jun 5
Regulatory Filings 2026
Jun 5
Regulatory Filings 2026
Jun 2
Regulatory Filings 2026
Jun 2
Regulatory Filings 2026
Jun 2
Regulatory Filings 2026
Jun 2
View all filings →