 "Greaves Cotton reports 50% drop in profit")
Net profit fell from Rs 77.7 crore in fourth quarter 2012 to Rs 38.5 crore.
Sales were up 11.3% largely due to boost from automative engine business and earning before interest tax depreciation and amortisation was up 6.1% but profit declined largely because of Rs 43.3 crore exceptional income through sale of land in fourth quarter of 2012.
Excluding the one-off sale, there was a marginal increase in profit.
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