Shares of Crompton Greaves Consumer Electricals fall after the company reports strong first-quarter performance. Multiple outlets report that the stock drops despite improvements in profitability and margins following the earnings release. NDTV says the shares decline by about 3% even as Q1 EBITDA rises 66% and operating margins expand. Economic Times reports a sharper reaction, with shares falling as much as 7% to a day’s low around ₹250, following results released the previous day.
Economic Times attributes the strength in the quarter to a year-on-year increase in PAT of 15.2% to ₹143 crore and revenue growth of 11.8% to ₹2,235 crore. It also cites a 6.4% margin for the quarter and says performance is broad-based across segments.
Both reports indicate that brokerages maintain positive stances after the results. NDTV specifically notes that Jefferies and Citi keep “buy” ratings following the quarterly update, suggesting the selloff is driven by investor reaction rather than the absence of operational improvement.
