Crompton Greaves Q1 net up by 36 pc at Rs 122.61 cr

Mumbai, July 23 (UNI) Electrical equipment manufacturer Crompton Greaves today announced a consolidated net profit of Rs 122.61 crore for the first quarter ended June 30, a 36.38 per cent increase over the previous year quarter.

The company has posted a net profit of Rs 89.9 crore in the first quarter of FY 08. The total income of the company rose to Rs 2,051.87 crore in the latest quarter, from Rs 1,554.88 crore in the same period last year, the Company informed the Bombay Stock Exchange.

Crompton Greaves reported a standalone net profit of Rs 88.9 crore in the first quarter, a 29.29 per cent growth over previous year's profit of Rs 68.76 crore.

Total income of the company rose to Rs 1,090.98 crore in the latest quarter, from Rs 908.66 crore in the same period in FY 08.

Shares of the company closed at Rs 256.45, up by 9.85 per cent, on the BSE.

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