Crompton Greaves today posted a 16.50 per cent increase in consolidated net profit to Rs 232 crore for the third quarter, as compared to Rs 199 crore in the corresponding quarter last year.
The company's net sales for the quarter rose by 6.6 per cent to Rs 2,396 crore for the third quarter, as compared to Rs 2,246 crore in the quarter ending December 2009.
The shares of Crompton Greaves closed at Rs 265, down 4.05 per cent from its previous close.