CG Consumer Electricals June-qtr net rises to Rs 92 cr

Crompton Greaves Consumer Electricals today reported a standalone net profit of Rs 91.94 crore for the quarter ended June 30, 2016.
The company had posted a net loss of Rs 0.07 crore for the corresponding quarter a year ago, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a BSE filing.
CGCEL's standalone net sales during the period under review stood at Rs 1,120.84 crore.
The company was listed on BSE in May this year after being demerged from the parent firm Crompton Greaves.
CGCEL Managing Director Shantanu Khosla said, "Our efforts on building the Crompton brand have commenced during the quarter. Our actions on executing operational efficiencies are also showing encouraging results ensuring that we grew our profits faster than our topline."

Shares of CGCEL settled at Rs 57.00 on BSE today, up 2.21 per cent from their previous close.