Crompton Greaves Dec quarter Net up 27.67 pc

Electrical equipment maker Crompton Greaves today reported an 27.67 per cent rise in its standalone net profit at Rs 135.54 crore for the third quarter ended December 31.
The company had posted a profit of Rs 106.16 crore in the same period of previous fiscal.
Its total income increased to Rs 1,867.65 crore in the October-December 2013 quarter compared to Rs 1,746.05 crore during the same period a year ago.
Meanwhile, the company's Board of Directors declared an interim dividend of 20 per cent i.E. Rs. 0.40 per share.
Further, the Board approved a scheme of amalgamation of CG-ZIV Power Automation Solutions Limited and CG Energy Management Ltd (wholly owned subsidiaries) with Crompton Greaves. The amalgamation will be effective from April 1, 2014 (appointed date), subject to receipt of all regulatory nods.

Shares of the company today closed at Rs 102.35 per scrip at the BSE, down 1.68 per cent from their previous close.