Household Appliances company Crompton Greaves Consumer Electricals announced Q3FY24 results: Consolidated Q3FY24 Revenue for the quarter stood at Rs 1,693 crore, a 12% increase YoY. EBITDA was Rs 150 crore, down from 10.1% in Q3FY23 to 8.9% margin in Q3FY24. PAT decreased to Rs 85 crore, reflecting a drop from a 5.8% margin in Q3FY23 to a 5.0% margin in Q3FY24. Standalone Q3FY24 For the quarter, the standalone revenue was Rs 1,458 crore, marking an increase of 15% year-over-year (YoY) from Rs 1,266 crore in Q3FY23. EBITDA stood at Rs 147 crore with a slight decline in margin from 10.3% in Q3FY23 to 10.1% in Q3FY24. PBT reached Rs 126 crore, a 17% increase from Rs 130 crore YoY. Profit After Tax (PAT): PAT rose to Rs 95 crore, which is a 13% YoY growth, down from a 6.7% margin in Q3FY23 to a 6.5% margin in Q3FY24. Segment Performance Electrical Consumer Durables (ECD): ECD segment revenue grew by 19% YoY to Rs 1,209 crore, with an EBIT of Rs 164 crore and EBIT Margin of 13.6%. Lighting: Revenue in this segment increased to Rs 249 crore, and EBIT improved to Rs 28 crore resulting in an EBIT Margin of 11.2%. Butterfly Gandhimathi Appliances Ltd.: Revenue saw a slight decline of 4% YoY to Rs 238 crore with a reduction in margin to 34.3% and negative EBIT of -Rs. 2 crore. Commenting on the CGCEL’s performance, Promeet Ghosh, MD & CEO, said, “We are on track in Crompton 2.0 journey for its next phase of growth. For the second consecutive quarter, we have delivered industry-leading ECD growth. With revenue growth in Q3, our lighting business has started to turn around with continued improvement in profitability. We continue to deliver on profitability even as we increase our investments in brand spending, innovation, and talent.” Result PDF