Crompton Greaves Consumer Electricals Ltd. · NSE:CROMPTON
Crompton Greaves Consumer Electricals — Q2 FY2021 Earnings Presentation
12 slides from Crompton Greaves Consumer Electricals's earnings presentation, Oct 22, 2020
Slide 1: Cover letter to stock exchanges: Highlights of Q2 FY 2020-21
Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in CIN: L31900MH2015PLC262254 Date: October 22, 2020 To, To, BS
Slide 2: Information Update – Q2 FY21 (Consolidated)
Information Update – Q2 FY21 (Consolidated) October, 2020
Slide 3: Table of Contents
Table of Contents Covid 19 - Update Key Highlights – Q2 FY 21 Summary of Q2 Results Segment Details Cash Flow highlights Net Debt Key Financial Ratios
Slide 4: Covid-19 Update
Covid-19 Update HR – Winning with People • Health and safety of our employees continues to remain top most priority for the company and we continue to provide full support to our employees in these challenging times • Management extensively and periodically communicated with the employees through vi
Slide 5: Covid-19 Update
Covid-19 Update • We continue to leverage our strong presence in Modern Trade and E-COM channel. Focused digital campaigns along with promotions helped increase shares in these channels. • ~1/3rd of our growth in Q2 over LY has been contributed by alternate channels viz. MOR/E-COM, CSD and Rural. •
Slide 6: Key Highlights – Q2
Key Highlights – Q2 ECD Performance o Fans, Domestic Pumps and Appliances drive growth in ECD segment o Strong performance by Fans growing 23% o Appliance business resumes exponential growth trajectory with 32% value growth o Domestic pumps business grew by 13%. Lighting Performance o Lighting E
Slide 7: Summary of Q2 Results
Summary of Q2 Results Q2 FY21 Q2 FY20 Q1 FY21 Particulars GoLY Rs. Cr Rs. Cr Rs. Cr Net Sales 1,213 1,076 12.8% 720 Less: Material Cost 813 733 11.0% 486 Material Margin 400 343 16.5% 234 • Margins improved v/s LY and as a % of Net Sales 33.0% 31.9% 32.5% sequentially Less: Employee Cost 80 81 -1.7%
Slide 8: Segment Details
Segment Details Segment Revenue Q2 FY21 Q2 FY20 Q1 FY21 Particulars GoLY Rs. Cr Rs. Cr Rs. Cr Electrical Consumer Durables 932 788 18% 597 Lighting Products 282 288 -2% 124 Total Income from Operation 1,213 1,076 13% 720 Segment EBIT Q2 FY21 Q2 FY20 Q1 FY21 Particulars Rs. Cr EBIT % Rs. Cr EBIT % Rs
Slide 9: Cash Flow Highlights
Cash Flow Highlights Particulars Q2FY21 Q2FY20 Rs Cr. Rs Cr. Profit before exceptional items and tax 189 127 Adjustments for: Depreciation 8 6 Interest and other adjustments -0 3 (Increase) / Decrease in Working Capital 143 -38 • Improved collection and efficient Cash from Operation 339 98 managemen
Slide 10: Net Debt
Net Debt As on Sep 20 As on Sep 19 As on Jun 20 Particulars Rs. Crs Rs. Crs Rs. Crs Total Debt* 479 350 516 Less: Cash and Bank 213 53 90 Less: Current Investment 1,020 364 884 Total Net Debt -755 -67 -458 Net Debt/Equity NA NA NA Net Debt/EBIDTA (Annualised) NA NA NA o Company’s cash conversion cyc
Slide 11: Key Financial Ratios
Key Financial Ratios EBIDTA Margins PBT Margins 15.8% 15.6% 12.0% 11.8% Q2 FY20 Q2 FY21 Q2 FY20 Q2 FY21 RoCE RoE 76.6% 37.2% 33.5% 43.1% Q2 FY20 Q2 FY21 Q2 FY20 Q2 FY21 *RoCE and RoE has been annualised
Slide 12: Thank You
Thank You
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