Sonomatra is engaged in providing services of on-site maintenance and repair of power transformers and on-load tap changers, oil changers, oil treatment and retrofilling. ''This acquisition will enhance the company's capabilities in the services segment of its transmission and distribution business,'' Crompton said in a release.
The company's net was up by 63.19 per cent at Rs 313.92 crore for the year ending March 31, 2008 as compared to Rs 192.37 crore for the previous financial year.
However, the company posted a 15.09 per cent increase in its net sales of Rs 3875.7 crore for the year ending March 31, 2008 as compared to Rs 3367.6 crore it recorded in the previous financial year.
The company's stock was trading at Rs 232.75 at 11.57 am, 0.80 per cent higher than Friday's close.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app