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The order involves the design, manufacture, supply, transportation, installation, testing, and commissioning of 3,000 off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) across various locations in Maharashtra under the MTSKPY/PM-KUSUM-B scheme.
As part of the contract, Crompton will also provide a complete system warranty, repair and maintenance services, along with a remote monitoring system (RMS) for five years.
The order, awarded by a domestic entity, is expected to be executed within 60 days from the date of issuance of the Notice to Proceed (NTP) or work order.
The company said the order does not involve any interest from promoters, promoter group entities, or related parties, and it does not fall under related party transactions.
Crompton Greaves Consumer Electricals manufactures and markets a wide range of consumer products, including fans, lighting solutions, pumps, and home appliances such as water heaters, coolers, mixer grinders, and irons.
Crompton Greaves Consumer Electricals reported a standalone net loss of Rs 536.81 crore in Q4 FY26, compared with a net profit of Rs 170.54 crore in the corresponding quarter last year. Revenue from operations rose 10.90% year-on-year to Rs 2,083.30 crore in the quarter ended 31 March 2026, versus Rs 1,878.50 crore a year earlier.
The scrip fell 3.52% to end at Rs 259 on the BSE.
The order involves design, manufacture, supply, installation, testing and commissioning of off-grid DC solar pumps, along with five-year warranty, maintenance and remote monitoring system under the PM-KUSUM-B scheme across Maharashtra.
The order is to be executed within 60 days from the issuance of the notice to proceed or work order. The company said the contract does not involve any related party transactions.
Havells India Ltd rose 2.56% today to trade at Rs 1189.2. The BSE Consumer Durables index is up 0.65% to quote at 60018.66. The index is up 5.51 % over last one month. Among the other constituents of the index, Titan Company Ltd increased 2.15% and Crompton Greaves Consumer Electricals Ltd added 1.8% on the day. The BSE Consumer Durables index went down 0.04 % over last one year compared to the 8.55% fall in benchmark SENSEX.
Havells India Ltd has added 3.98% over last one month compared to 5.51% gain in BSE Consumer Durables index and 3.07% rise in the SENSEX. On the BSE, 6851 shares were traded in the counter so far compared with average daily volumes of 52678 shares in the past one month. The stock hit a record high of Rs 1622.7 on 17 Sep 2025. The stock hit a 52-week low of Rs 1123.85 on 02 Jun 2026.
Amber Enterprises India Ltd fell 6.89% today to trade at Rs 7888.3. The BSE Consumer Durables index is down 1.76% to quote at 57138.84. The index is down 5.29 % over last one month. Among the other constituents of the index, Crompton Greaves Consumer Electricals Ltd decreased 2.62% and Berger Paints India Ltd lost 2.3% on the day. The BSE Consumer Durables index went down 4.09 % over last one year compared to the 9.14% fall in benchmark SENSEX.
Amber Enterprises India Ltd has lost 0.9% over last one month compared to 5.29% fall in BSE Consumer Durables index and 4.7% drop in the SENSEX. On the BSE, 1202 shares were traded in the counter so far compared with average daily volumes of 14246 shares in the past one month. The stock hit a record high of Rs 8970 on 07 May 2026. The stock hit a 52-week low of Rs 5404 on 27 Jan 2026.
Profit before exceptional items and tax increased marginally to Rs 230.66 crore from Rs 229.47 crore in Q4 FY25. The company recorded an exceptional item of Rs 716.04 crore during the quarter.
EBITDA stood at Rs 253 crore, up 2% year-on-year compared with Rs 248 crore in the same period last year.
Segment-wise, the electrical consumer durables (ECD) business posted a 10% rise in revenue to Rs 1,768 crore, though EBIT margins declined to 15.4% from 16.7%. The lighting segment reported 14% revenue growth to Rs 315 crore, with EBIT margins narrowing to 12.2% from 15.9%.
On a consolidated basis, the company reported a net loss of Rs 533.93 crore in Q4 FY26 versus a profit of Rs 169.48 crore in Q4 FY25, while revenue grew 10.79% year-on-year to Rs 2,283.27 crore.
Promeet Ghosh, MD & CEO, said, “Despite a challenging operating environment, we remained focused on advancing the strategic priorities of Crompton 2.0, with continued investments behind brand building, innovation and talent. This disciplined approach is reflected in delivering a robust 10.8% revenue growth across segments with good margins, and the cash flow generation of the business continues to be strong. As part of the diversification strategy, the company launched wares under the brand Crompton during the quarter, which successfully generated consumer interest.
We are also pleased to announce the launch of the new super-premium brand Crompton Rhion. We will introduce a range of products under the brand Crompton Rhion across categories, serving as a platform to showcase the next level of innovation and design capability that have been developed by Crompton through concerted investments in R&D. The Large Kitchen Appliances (LKA) PL will also fold into the Rhion vertical. We will continue to accelerate the Crompton 2.0 journey with a clear focus on premiumisation, expanding and deepening the distribution network, and strengthening innovation capabilities—enabling us to drive sustainable, long-term value creation.”
Meanwhile, the board has recommended a dividend of Rs 3 per equity share, representing 150% of face value of Rs 2 each, for FY26, subject to shareholder approval at the upcoming Annual General Meeting (AGM). If approved, the dividend will be paid on or after 7 August 2026 and within 30 days of the AGM.