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Crompton Greaves reports 25% fall in Q2 consolidated net profit

30 Oct 2015 Evaluate

Crompton Greaves has reported results for second quarter ended September 30, 2015.

The company has reported 7.46% rise in its net profit at Rs 134.36 crore for the quarter ended September 30, 2015 as compared to Rs 125.03 crore for the same quarter in the previous year. However, the company’s total income has decreased marginally by 1.54% to Rs 1933.76 crore for the quarter under review from Rs 1964.04 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 25.08% fall in its net profit after taxes, minority interest and share of profit/(loss) of associates at Rs 52.14 crore for the quarter ended September 30, 2015 as compared to Rs 69.59 crore for the same quarter in the previous year. Total income of the company has decreased by 7.17% at Rs 3235.65 crore for quarter under review as compared to Rs 3485.49 crore for the quarter ended September 30, 2014.

 

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