Crompton Greaves Consumer Electricals Limited has announced its financial results for the quarter and year ended March 31, 2026. Despite facing a net loss due to one-time impairment charges, the Board has recommended a final dividend of ₹3 per equity share, representing 150% of the face value. The company also confirmed the re-appointment of its statutory auditors and outlined key strategic amendments to its internal policies.
Financial Performance Overview
For the fiscal year ended March 31, 2026, the company reported revenue from operations of ₹8,095.52 crore on a consolidated basis. The financial results for the final quarter were impacted by an impairment charge of ₹716.04 crore related to its investment in Butterfly Gandhimathi Appliances Limited. Consequently, the consolidated net loss for the year stood at ₹230.76 crore, with a net loss of ₹531.07 crore reported specifically for the quarter ended March 31, 2026.
Dividend and AGM Details
The Board of Directors has recommended a dividend of ₹3 per equity share, which translates to 150% of the face value of ₹2 per share. This recommendation is subject to approval by the members at the upcoming 12th Annual General Meeting (AGM), scheduled for Friday, August 07, 2026. The record date for determining dividend entitlement is set for Friday, July 24, 2026.
Strategic Appointments and Governance
The company announced several key governance updates, including the re-appointment of MSKA & Associates LLP as the Statutory Auditors for a second consecutive term of 5 years. Additionally, the company has re-appointed Ashwin Solanki & Associates as Cost Auditors, Grant Thornton Bharat LLP as Internal Auditors, and Sharp & Tannan as Tax Auditors for the 2026-27 financial year. Furthermore, the Board approved amendments to various internal policies, including the Nomination and Remuneration Policy and the Risk Management Policy, to strengthen corporate governance standards.
Operational Highlights
The consolidated segment performance showed the Electric Consumer Durables segment leading with revenue of ₹6,095.90 crore for the full year, followed by Lighting Products at ₹1,084.60 crore. The company continues to focus on restructuring its operations, notably the transformation of the Vadodara plant into a multi-business facility, as part of its ongoing efforts to optimize efficiency.
Source: BSE
