Electrical equipment maker Crompton Greaves today posted a consolidated net profit of Rs 116.66 crore for the quarter ended September 30, 2011.
The company also said its board of directors approved an interim dividend of Rs 0.80 per share (on face value of Rs 2)
The company had a net profit of Rs 213.59 crore in the quarter ended September 30, 2010, Crompton Greaves said in a statement.
During the quarter under review, the total income of the company stood at Rs 2,727.03 crore, while it had Rs 2,420.66 crore in the same period last fiscal.
"Current period include the results of the subsidiaries acquired during the period specifically Emotron in Sweden and QEI in the USA," the company said.
Consequently, figures for the current period are not comparable with the figures of the previous period and figures for the previous period/year have been regrouped and reclassified, wherever necessary, it added.
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On a standalone basis, the company posted a net profit of Rs 112.32 crore during the quarter as against Rs 158.49 crore posted in the year-ago period.
The company's standalone total income stood at Rs 1,468.29 crore while it recorded Rs 1,464.07 crore in the corresponding quarter last fiscal.
"Going forward, we will pursue our effort to reduce operation cost and expect our energy efficient products and solutions to support our planned growth prospect," Crompton Greaves Chief Executive Officer and Laurent Demortier said.