Crompton Greaves has reported results for first quarter ended June 30, 2016.
The company has reported 48.37% fall in its net profit at Rs 38.27 crore for the quarter ended June 30, 2016 as compared to Rs 74.12 crore for the same quarter in the previous year. However, the company’s total income increased by 29.07% to Rs 1078.86 crore for the quarter under review from Rs 835.89 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported a net loss after taxes, minority interest and share of profit of associates of Rs 9.51 crore for the quarter under review as compared to a net loss of Rs 62.20 crore for the same quarter in the last year. However, total income of the company has increased by 34.70% at Rs 1441.34 crore for quarter under review as compared to Rs 1070.01 crore for the quarter ended June 30, 2015.