Crompton Greaves Q4 net profit up at Rs 307 cr
It has reported net profit of Rs 307 cr as against Rs 194 crore; Crompton Greaves has announced its fourth quarter results of FY10. At current value, the price to book value of the company was 13.02, the dividend yield of the company was 0.8% and the company’s trailing 12 month, EPS was at RS 8.06 per share till the December quarter results of 2009.
The company’s consolidated net profit rose by 53.57 percent to Rs 859.87 crore from Rs 559.90 crore, in the same period previous fiscal and shares of Crompton Greaves closed at Rs 249.10 on the BSE, up 3.73 percent from previous close. According to Angel Broking, the revenues of the company are expected to grow at 15.70% to Rs 28,460 million. It expects the company to register healthy margins at 12.60 percent; the net profit is expected to increase at 10.29 % to Rs 2,140 million.