News

Crompton Greaves wins ₹101 crore solar pumping system order from MEDAThe contract, valued at ₹100.68 crore excluding GST, falls under Component B of the Ministry of New and Renewable Energy’s (MNRE) PM-KUSUM scheme. Shares of Crompton Greaves Consumer Electricals Ltd ended at ₹343.60, down by ₹8.85, or 2.51%, on the BSE.By Jomy Jos Pullokaran   June 13, 2025, 1:38:43 AM IST (Published)2 Min ReadLeading fans and residential pump maker, Crompton Greaves Consumer Electricals Limited, on Thursday (June 12) said it has secured a Letter of Award from the Maharashtra Energy Development Agency (MEDA) for the supply and installation of 4,500 off-grid solar photovoltaic water pumping systems across Maharashtra.

The contract, valued at ₹100.68 crore excluding GST, falls under Component B of the Ministry of New and Renewable Energy’s (MNRE) PM-KUSUM scheme.

Also Read: Crompton shares surge 7% in response to Q4 results, solar rooftop foray

Under the agreement, Crompton will be responsible for the design, manufacture, supply, transportation, installation, testing, and commissioning of the systems at various locations across the state. The project is to be completed within 90 days from the date of the work order.

Fourth Quarter

Crompton Greaves Consumer Electricals reported a 22.5% year-on-year (YoY) surge in net profit at ₹169.5 crore for the fourth quarter ended March 31, 2025, over ₹138.4 crore in Q4FY24.

Revenue from operations increased 5.1% YoY to ₹2,060.6 crore from ₹1,961 crore. EBITDA jumped 29.9% to ₹264.4 crore from ₹203.6 crore last year. This translated to an expansion in the EBITDA margin to 12.8% versus 10.4%.

Crompton Greaves reported an 11% YoY increase in revenue from its electrical consumer durables (ECD) segment in the full year FY25, supported by growth in pumps and appliances. The company generated operating cash of ₹737 crore during the fiscal.

Also Read: Crompton Greaves posts 11% revenue growth in Q2, driven by strong ECD and lighting segments

In Q4FY25, the ECD segment posted a 6% YoY growth, led by pumps and appliances, with an EBIT margin of 16.7%. The company launched its in-house BLDC and induction platforms, Nucleus and X-Tech, adopting a ‘platform-first approach.’

Shares of Crompton Greaves Consumer Electricals Ltd ended at ₹343.60, down by ₹8.85, or 2.51%, on the BSE.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsCrompton Greaves Consumer Electricalsshare market today