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Crompton Greaves tumbles on reporting 30% fall in Q1 consolidated net profit

06 Aug 2013 Evaluate

Crompton Greaves is currently trading at Rs. 76.40, down by 5.65 points or 6.89% from its previous closing of Rs. 82.05 on the BSE.

The scrip opened at Rs. 81.25 and has touched a high and low of Rs. 81.25 and Rs. 75.40 respectively. So far 715344 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 141.70 on 08-Oct-2012 and a 52 week low of Rs. 71.70 on 25-Jun-2013.

Last one week high and low of the scrip stood at Rs. 89.30 and Rs. 75.40 respectively. The current market cap of the company is Rs. 4947.75 crore.

The promoters holding in the company stood at 41.69% while Institutions and Non-Institutions held 38.93% and 19.14% respectively.

Crompton Greaves has reported results for first quarter ended June 30, 2013.

The company has reported 3.63% rise in its net profit at Rs 124.63 crore for the quarter as compared to Rs 120.27 crore for the same quarter in the previous year. Total income of the company has increased by 9.66% at Rs 1819.42 crore for quarter under review as compared to Rs 1659.17 crore for the quarter ended June 30, 2012.

On the consolidated basis, the group registered a fall of 30.06% in its net profit after taxes, minority interest at Rs 60.08 crore for the quarter as compared to Rs 85.90 crore for the same quarter in the previous year. However, total income of the company, on consolidated basis, has increased by 22.03% at Rs 3157.22 crore for quarter under review as compared to Rs 2811.14 crore for the quarter ended June 30, 2012.

 

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