Crompton Greaves shares crash 7% despite strong Q1 results
Shares of Crompton Greaves Consumer Electricals fell 7% to the day’s low of Rs 250 on Friday despite the company reporting strong Q1 results. On Thursday, it posted a 15% year-on-year (YoY) jump in profit after tax (PAT), while its revenue grew 11.8% YoY.According to a filing with the exchange, the revenue grew to Rs 2,235 crore, driven by broad-based performance across all segments and PAT grew at 15.2% YoY to Rs 143 crore with margin of 6.4%.Also Read | Crompton Greaves Q1 Results: Profit rises 15% to Rs 142 crore, revenue up 11%The EBITDA was recorded at Rs 224 crore grew ahead of the reven