Crompton net up 37% to Rs 43 cr

BS 200 SCORECARD

Crompton Greaves has posted net profit of Rs 43.21 crore for the third quarter ended December 2005, a growth of 36.78 per cent compared with Rs 31.59 crore reported in the previous corresponding period.

Net sales increased to Rs 647.87 crore from Rs 471.86 crore, a growth of 37.30 per cent. The company's profit before tax (PBT) has grown to Rs 48.68 crore for the quarter, a growth of 36.43 per cent compared with Rs 35.68 crore, a year ago.

Earnings per share (EPS) of the company improved to Rs 8.25 for the quarter compared with Rs 6.03, a year ago.

Crompton Greaves stock closed at Rs 842 on the Bombay Stock Exchange today compared with the previous closing price of Rs 830.95, an increase of 1.33 per cent.

The board of directors has declared a second interim dividend of Rs 2.50 per share on equity shares of Rs 10 each for 2005-06.