 "Crompton Greaves Q2 results: Net profit declines 23% at Rs 101 cr")
Home appliances maker Crompton Greaves Consumer Electricals on Friday missed second-quarter profit estimates, as higher costs overshadowed seasonal demand for its products, which had been boosted by a weak monsoon.
The company's consolidated net profit came in at Rs 101 crore ($12.1 million), down nearly 23% year-on-year and well below analysts' estimate of 1.15 billion rupees as per LSEG data.
Revenue from operations was up 4.9%, while expenses rose 6.2%.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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