Crompton wins ₹65 cr MSEDCL solar pump order; Q4 hit by ₹716 cr Butterfly impairment
Crompton Greaves Consumer bagged an additional ₹64.99 crore MSEDCL order for 3,000 solar water pumps. Q4 revenue rose 10.8% to ₹2,283.3 crore with 11.9% EBITDA margin, but a ₹716 crore Butterfly impairment drove a ₹533.9 crore net loss (adjusted PAT ₹172 crore). Board declared ₹3/share dividend; stock fell 3.52% to ₹259.
Crompton Greaves Consumer, maker of consumer electricals and appliances, won an additional ₹65 crore MSEDCL solar water-pump order and reported Q4 net loss on a ₹716 crore Butterfly impairment despite revenue growth; declared ₹3 dividend.