Crompton Greaves secures ₹101 crore contract for solar pumping systems from MEDA.

Leading manufacturer of fans and residential pumps, Crompton Greaves Consumer Electricals Limited, announced on Thursday (June 12) that it has received 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 throughout Maharashtra.

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

Fourth Quarter

Crompton Greaves Consumer Electricals reported a 22.5% year-on-year (YoY) increase in net profit, reaching ₹169.5 crore for the fourth quarter ending March 31, 2025, up from ₹138.4 crore in Q4FY24.

Revenue from operations grew by 5.1% YoY to ₹2,060.6 crore, compared to ₹1,961 crore. EBITDA saw a significant rise of 29.9%, climbing to ₹264.4 crore from ₹203.6 crore the previous year. This resulted in an improvement in the EBITDA margin to 12.8%, up from 10.4%.

Crompton Greaves experienced an 11% YoY revenue growth in its electrical consumer durables (ECD) segment for the entire fiscal year FY25, driven by strong performance in pumps and appliances. The company generated operational cash flow of ₹737 crore during the fiscal year.

In Q4FY25, the ECD segment recorded a 6% YoY growth, primarily due to pumps and appliances, achieving an EBIT margin of 16.7%. The company introduced its in-house BLDC and induction platforms, Nucleus and X-Tech, embracing a ‘platform-first approach.’

Shares of Crompton Greaves Consumer Electricals Ltd closed at ₹343.60, down by ₹8.85, or 2.51%, on the BSE.