Crompton Greaves Consumer Electrical Ltd. Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 24, 2017 at 07:38 am
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Crompton Greaves Consumer Electrical Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales/income from operations of INR 8,889.2 million compared with INR 8,100.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 966.7 million compared to INR 798.2 million a year ago. Profit from ordinary activities before tax was INR 854.7 million compared to INR 641.3 million a year ago. Net profit for the period was INR 573.6 million compared to INR 411.8 million a year ago. Basic and diluted profit per share before and after extraordinary items was INR 0.91 compared to INR 0.66 a year ago.
For the nine months, the company reported net sales/income from operations of INR 28,997.5 million compared with INR 8,100.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 3,435.0 million compared to INR 793.6 million a year ago. Profit from ordinary activities before tax was INR 3,054.0 million compared to INR 590.1 million a year ago. Net profit for the period was INR 2,042.5 million compared to INR 385.8 million a year ago. Basic and diluted profit per share before and after extraordinary items was INR 3.26 compared to INR 1.85 a year ago.
Crompton Greaves Consumer Electricals Limited is an India-based consumer electrical company. The Company operates through two segments: Electric Consumer Durables (ECD) and Lighting. It manufactures and distributes a range of consumer products ranging from fans, pumps, and appliances in the ECD segment and a full range of lighting products. Its product portfolio includes ceiling fans, table fans, pedestal fans, wall-mounted fans, heavy-duty exhaust fans, air circulators, industrial fans, residential pumps, agricultural pumps, solar pumps, specialty pumps, water heaters, air coolers, mixer grinders, irons, light-emitting diode (LED) lamps, LED battens, LED panels, LED streetlights and floodlights, incandescent lamps, compact fluorescent lamps, interior and indoor lighting, and fluorescent tubular lights. The Company markets its products under the Crompton brand name in India. The Company' manufacturing locations include Goa, Vadodara, Ahmednagar and Baddi.