Crompton Greaves Consumer Electricals Ltd on Friday reported a decline of 25.48 per cent in its consolidated net profit at Rs 131.55 crore in the fourth quarter ended March 2023. The company had posted a net profit of Rs 176.55 crore in the January-March quarter a year ago, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a regulatory filing. Its revenue from operations increased 15.7 per cent to Rs 1,790.96 crore during the quarter under review against Rs 1,547.82 crore in the year-ago period. The total expenses in Q4 FY23 surged 21.8 per cent to Rs 1,637.30 from Rs 1,344.18 crore a year ago, the company said. CGCEL's total income in the March quarter was at Rs 1,807.73 crore, up 15.13 per cent. Commenting on the quarter results, CCGEL MD and CEO, Promeet Ghosh said: "We delivered well in Q4 with our calibrated approach towards BEE transition, roll out of new brand architecture for Pumps, portfolio strengthening in Appliances and focus on premiumisation across the board"
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