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Crompton Greaves reports 19% rise in Q2 consolidated net profit

17 Oct 2014 Evaluate

Crompton Greaves has reported results for second quarter ended September 30, 2014.

The company has registered 6.55% fall in its net profit at Rs 125.96 crore for the quarter under review as compared to Rs 134.80 crore for the same quarter in the previous year. However, total income of the company has increased 7.49% at Rs 1952.30 crore for Q2FY15 as compared Rs 1816.25 crore for the corresponding quarter previous year.

On consolidated basis, the company’s net profit after taxes and minority interest for the quarter under review registered 19.14% growth at Rs 69.59 crore against Rs 58.41 crore in the September quarter of previous fiscal. The company’s total income has increased by 6.16% at Rs 3475.79 crore for the quarter from Rs 3273.92 crore in the similar quarter of previous year.

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