Crompton Greaves Con Q3 net profit up 0.47% at Rs 148.12 cr
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The company reported standalone net profit of Rs 148.12 crore for the quarter ended December 31, 2021 as compared to Rs 147.43 crore in the same period last year, registering a year-on-year growth of 0.47 per cent. Net revenue of the company rose moderately by 6.58 per cent at Rs 1,410.19 crore in October-December quarter of this fiscal as against Rs 1,323.13 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 7.15 per cent to Rs 1,208.55 crore from Rs 1,127.95 crore in year ago period. Other Income dipped by 30.80 per cent at Rs 13.75 crore versus (Dec'20 Rs 19.87 crore). Operating Profit surged by 3.31 per cent to Rs 201.64 crore as against Rs 195.18 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.05 per cent in December quarter. Interest declined by 36.84 per cent y-o-y to Rs 6.67 crore, while Taxation increased by 0.50 per cent at Rs 50.43 crore (Dec'20 Rs 50.18 crore)
