Crompton Greaves Q4 disappoints, net down 60% at Rs 100 cr

Engineering conglomerate Crompton Greaves ' consolidated net profit fell significantly by 60% year-on-year to Rs 100 crore for the fourth quarter of FY12. Analyst on average had expected net profit at Rs 179 crore.

Consolidated net sales increased just 5.8% over a year ago period to Rs 3,077 crore during the same quarter while analysts expected at Rs 3,276 crore.

Operating profit margin declined drastically at 6.9% for the January-March quarter of 2012 as against 12.83% in the corresponding quarter of last fiscal whereas expectations at 8.42%.

Power systems EBIT dropped sharply to Rs 54 crore from Rs 257 crore year-on-year.

Power systems revenues rose just 2.3% to Rs 1,968 crore from Rs 1,923.5 crore during the same period.

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd