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Home/Business/Crompton Greaves Q2 Profit Jumps 65% & S…

Crompton Greaves Q2 Profit Jumps 65% & Sajid Qureshi Enters Hospitality

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By Business Desk•
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A split image showing financial growth charts on the left and a colonial-style heritage resort building on the right.

Crompton Greaves financial results and Mowbray Heritage Resort acquisition.

Key Highlights

Discover Crompton Greaves Consumer Electricals’ strong Q2 financial results with a 65% net profit surge, and film veteran Sajid Qureshi’s move into heritage hospitality.

Crompton Greaves Consumer Electricals Limited has delivered a strong financial performance for the second quarter, achieving a 65% growth in net profit, which reached ₹124 crore. This substantial increase highlights the successful execution of its growth strategies and operational improvements.

Crompton Greaves Financial Highlights

  • Net profit reached ₹124 crore, marking a 65% growth year-on-year.
  • Positive momentum was experienced across key business divisions including fans, appliances, and lighting.
  • The firm demonstrated resilience and competitive positioning in the consumer electricals market.

Simultaneously, film rights veteran Sajid Qureshi has diversified his business interests into the heritage hospitality sector. This expansion involves entering the sector through a notable property acquisition.

Sajid Qureshi Hospitality Entry

  • Sajid Qureshi entered the heritage hospitality sector through the acquisition of the Mowbray property in Ooty.
  • The acquisition was executed via Fodxpert NextGen Pvt Ltd.
  • The property is currently being restored and rebuilt into a luxury heritage boutique resort.

These developments reflect significant corporate updates across different sectors. Both the consumer electricals market performance and the new hospitality venture highlight active business strategies.

Crompton Greaves Consumer Electricals Limited