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Crompton Greaves reports four-fold surge in Q3 consolidated net profit

04 Feb 2015 Evaluate

Crompton Greaves has reported results for third quarter ended December 31, 2014.

The company has registered a rise of 191.44% in its net profit at Rs 395.02 crore for the quarter under review as compared to Rs 135.54 crore for the same quarter in the previous year. However, total income of the company has decreased 1.86% at Rs 1880.56 crore for Q3FY15 as compared Rs 1916.14 crore for the corresponding quarter previous year.

On the consolidated basis the company’s net profit after taxes, minority interest and share of profit / (loss) of associates jumped over four fold to Rs 274.29 crore for the Q3 FY15 as compared to Rs 62.02 crore in Q3 FY14. However, the total income decreased marginally by 2.10% to Rs 3357.67 crore in the quarter under review as compared to Rs 3429.69 crore in the corresponding quarter previous year.

Peers
Company Name CMP
Waaree Energies 2396.50
Apar Industries 18171.00
Havells India 1059.50
Suzlon Energy 38.35
Siemens 3804.45
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