Crompton Greaves Q1 net profit inches-up 0.33 percent

Mumbai, July 24 (IANS) Power transmission and distribution systems manufacturer Crompton Greaves on Friday reported a marginal increase of 0.33 percent in its net profit for the first quarter of the current fiscal.

According to the company, its net profit in the quarter under review stood at Rs.126.35 crore from Rs.125.93 crore in the corresponding period of 2014-15.

The Avantha Group company’s total income in the first quarter declined by 2.46 percent at Rs.1,870.49 crore from Rs.1,917.81 crore for the quarter ended June 30, 2014.

The company further reported that its consolidated net profit plunged by 75 percent at Rs.16.01 crore for the quarter ended June 30, 2015 from Rs.64.02 crore for the corresponding period of 2014-15.

The consolidated total income of the company declined by 7.52 percent at Rs.3,211.36 crore from Rs.3,472.58 crore for the quarter ended June 30, 2014.

The company’s scrip at the Bombay Stock Exchange (BSE) fell by 4.93 percent at Rs.182.30 from its previous closing of Rs.191.72 per equity share.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here