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Published on 17/05/2018 5:44:53 PM | Source: Dion Global Solutions Ltd

Crompton Greaves Con Q4 net profit up 19.41% at Rs 103.22 cr

The company reported standalone net profit of Rs 103.22 crore for the quarter ended March 31, 2018 as compared to Rs 86.44 crore in the same period last year, registering a year-on-year growth of 19.41 per cent. Net revenue of the company rose marginally by 4.66 per cent at Rs 1,126.31 crore in January-March quarter of this fiscal as against Rs 1,076.15 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 2.59 per cent to Rs 961.84 crore from Rs 937.59 crore in year ago period.

Other Income grew by 58.58 per cent at Rs 10.91 crore versus (Mar'17 Rs 6.88 crore). Operating Profit surged by 18.70 per cent to Rs 164.47 crore as against Rs 138.56 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 13.35 per cent in March quarter. Interest grew by 5.31 per cent y-o-y to Rs 16.07 crore, while Taxation increased by 36.69 per cent at Rs 53.01 crore (Mar'17 Rs 38.78 crore).