This payment would mark the full repayment of the total debt of Rs 2,125 crore undertaken for the acquisition of Butterfly Gandhimathi Appliances, a 75% subsidiary.
The repayment effort has involved settling all five scheduled tranches, reinforcing the company’s strategy to minimize debt and thereby significantly reduce interest costs.
Kaleeswaran Arunachalam, chief financial officer and head of strategy, said: “With the repayment of this final tranche of NCDs of Rs 323 crore (principal + interest), we are pleased to announce that we have transitioned to a zero-debt position.
This significant milestone is a testament to the resilience and effectiveness of our business model and operational strategies, which have generated consistently strong cash flows year after year.
As we move forward, we will continue to drive sharp capital allocation decisions, ensuring that we invest responsibly in initiatives that foster sustainable growth."
Crompton Greaves Consumer Electricals is one of the leading consumer companies in India with a brand legacy of over 75 years. It is an independent company under professional management, operating in two business segments: lighting and electrical consumer durables. We market our products under the “Crompton” brand name in India and select export markets.
The company’s consolidated net profit jumped 22.5% to Rs 169.48 crore on 5.1% increase in revenue from operations to Rs 2,060.64 crore in Q4 FY25 over Q4 FY24.
The scrip rose 0.30% to currently trade at Rs 337.15 on the BSE.