BUTTERFLY

Dec 12 (Reuters) - Butterfly Gandhimathi Appliances Ltd BUTT.NS:

• GOT TAX DEMAND ORDER FOR 11.3 MILLION RUPEES

Source text: ID:nBSE81GKJP

Further company coverage: BUTT.NS

(([email protected];;))

Sept 26 (Reuters) - Butterfly Gandhimathi Appliances Ltd BUTT.NS:

• HIGH COURT ALLOWED PERMANENT DECREE IN FAVOUR OF TTK PRESTIGE

• TTK PRESTIGE ALLEGED CO INFRINGED DESIGN FOR PRESSURE COOKER

• POTENTIAL IMPACT ON CO AT 3.9 MILLION RUPEES

Source text for Eikon: ID:nNSEYgfGp

Further company coverage: BUTT.NS

(([email protected];;))

Aug 28 (Reuters) - Butterfly Gandhimathi Appliances Ltd BUTT.NS:

• GETS TAX ORDER WITH DEMAND OF 8.7 MILLION RUPEES

Source text for Eikon: ID:nBSE1y6FFX

Further company coverage: BUTT.NS

(Reporting by VijayDattaram Malkar)

(([email protected];))

** Shares of Butterfly Gandhimathi Appliances BUTT.NS fall 4.4% to 824.7 rupees

** Kitchen appliances-maker's Q1 profit fell ~83% YoY

** Stock was down 0.4% before results

** Rivals Whirlpool of India WHIR.NS and TTK Prestige TTKL.NS yet to report results

** BUTT down 20.7% YTD; WHIR and TTKL up 45.6% and 23.4% respectively

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

** Shares of India's Butterfly Gandhimathi Appliances BUTT.NS down 4.1% at 756.45 rupees, after falling as much as 4.3% earlier in the session

** Kitchenware maker reports net loss in March quarter, compared with profit a year earlier, decline in revenue

** Trading vols 1.1x the 30-day avg

** YTD stock has fallen 27%, vs 4.3% drop in peer TTK Prestige TTKL.NS

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

April 1 (Reuters) - Butterfly Gandhimathi Appliances Ltd BUTT.NS:

• GETS TAX ORDER FOR DEMAND AT 3.5 MILLION RUPEES

• CO PLANNING TO FILE APPEAL AGAINST TAX ORDER

Source text for Eikon: ID:nNSE1ynF7h

Further company coverage: BUTT.NS

(([email protected];))

** Shares of Butterfly Gandhimathi Appliances BUTT.NS fall as much as 7% to 877.4 rupees, lowest since Dec. 14, 2021

** Stock on track to log ten straight sessions of falls, if trend holds

** Kitchen and electrical appliances maker said on Monday it accrued a loss of 21.6 mln rupees ($260,119) vs a profit of 117.4 mln rupees year ago

** More than 27,000 shares change hands, 2.3x its 30-day avg

** Co trading below its 100-day and 200-day simple moving averages since Oct.; trading below its 50-day simple moving avg since mid-Jan.

** Stock fell ~18% in Q3 and was down over 5% in the month of Jan.

($1 = 83.0390 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Feb 5 (Reuters) - Butterfly Gandhimathi Appliances Ltd BUTT.NS:

• RANGARAJAN SRIRAM RE-APPOINTMENT AS MD

Source text for Eikon: ID:nNSE2gNqjw

Further company coverage: BUTT.NS

(([email protected];))

Nov 1 (Reuters) - Crompton Greaves Consumer Electricals Ltd CROP.NS:

• CROMPTON AND BUTTERFLY TO CONTINUE AS SEPARATE LISTED ENTITIES

Source text for Eikon: ID:nBSELtXbm

Further company coverage: CROP.NS

(([email protected];))

** Shares of Butterfly Gandhimathi Appliances BUTT.NS down 1.9% at 1,145.7 rupees

** Kitchen and electrical appliances maker on Monday said its shareholders voted against a merger with Crompton Greaves Consumer Electricals CROP.NS

** Shares of Crompton Greaves fall 0.2% to 282.8 rupees

** If trend holds, CROP set for third consecutive session of losses

** BUTT and CROP both down 28% and 17% YTD, respectively, vs a ~29% gain in Nifty Midcap Index .NIFMDCP100

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Oct 19 (Reuters) - Butterfly Gandhimathi Appliances Ltd BUTT.NS:

• ANTICIPATE UPTICK IN DEMAND IN Q3

Source text for Eikon: ID:nBSE247hcb

Further company coverage: BUTT.NS

(([email protected];))

Sept 29 (Reuters) - Butterfly Gandhimathi Appliances Ltd BUTT.NS:

• CFO ANANDA SHALINI RESIGNS

Source text for Eikon: ID:nBSE938WfH

Further company coverage: BUTT.NS

(([email protected];;))

** Shares of Butterfly Gandhimathi Appliances BUTT.NS rise as much as 4.36% to 1,227.94 rupees

** The maker of kitchen and electrical appliances posts 11% Y/Y rise in June quarter net profit post market hours on Monday

** Net revenue from operation, however, falls 14% Y/Y

** Co posts revenue of 2.19 bln rupees for June quarter amidst challenging demand situation, says Rangarajan Sriram, managing director of BUTT

** Adds, co's market share relatively unchanged despite demand worries in the industry

** Trading volume is 19,220 shares as of 11:14 a.m. IST, 1.7 times the 30-day avg - Refinitiv data

** Including the day's moves, stock down 23.64% in 2023 so far compared to 9% rise in Nifty 50 index .NSEI

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

July 31 (Reuters) - Butterfly Gandhimathi Appliances Ltd BUTT.NS:

• INDIA'S BUTTERFLY GANDHIMATHI APPLIANCES JUNE-QUARTER NET PROFIT 147.3 MILLION RUPEES VERSUS 132.4 MILLION RUPEES

• BUTTERFLY GANDHIMATHI APPLIANCES JUNE-QUARTER NET REVENUE FROM OPERATIONS 2.19 BILLION RUPEES VERSUS 2.53 BILLION RUPEES

Source text for Eikon: ID:nBSE20w9qG

Further company coverage: BUTT.NS

(([email protected];;))

BENGALURU, May 19 (Reuters) - Indian household appliances maker Crompton Greaves Consumer Electricals Ltd CROP.NS posted a smaller-than-expected 25.7% plunge in fourth-quarter profit on Friday, helped by higher revenue and the acquisition of a leading kitchen appliance maker.

The company said consolidated net profit fell to 1.31 billion rupees ($16.02 million) in the three months ended March 31 from 1.77 billion rupees a year earlier.

Analysts, on average, had expected profit to fall 30.5% to 1.23 billion rupees, according to Refinitiv IBES Data.

Revenue from operations jumped 15.7% to 17.91 billion rupees. The company's board also declared a final dividend of 3 rupees per share.

For further results highlights, click nFWN37G10U

WHY IT MATTERS

Crompton saw healthy sales growth supported by revenue inflow of 1.87 billion rupees from its acquisition of a major stake in kitchen appliances maker Butterfly Gandhimathi Appliances Ltd BUTT.NS last year.

Consumer spending on electrical appliances shot up ahead of the summer season, with Crompton's peers also reporting an uptick in demand. Analysts expect revenue growth between 11.7% to nearly 19% for Crompton and its peers in fiscal 2024.

PEER COMPARISON

* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell
** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

JAN-MARCH STOCK PERFORMANCE

-- All data from Refinitiv

-- $1 = 81.7800 rupees

(Reporting by Priya Sagar in Bengaluru)

(([email protected];))

** Shares of Butterfly Gandhimathi Appliance Ltd BUTT.NS fall as much as 4.90%, steepest intraday pct decline in three weeks, to 1,078 rupees

** Slide after the manufacturer of kitchen and electrical appliances reports 87% sequential (Q/Q) fall in net profit in March quarter nL8N3794KK

** Revenue falls 1.6% Y/Y and 25% Q/Q to 1.87 bln rupees while core profit loses 64% QoQ to 78.23 mln rupees

** BUTT had reported net loss and operating loss in the corresponding quarter a year ago, dragged by high costs

** Trading volume is 14,477 shares as of 2:18 p.m. IST, 1.5 times the 30-day avg - Refinitiv data

($1 = 81.7800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))