Crompton Greaves Q1 net down 75% at Rs 16 crore

Consolidated total income decreased to Rs 3,211.36 crore for the period under review

Crompton Greaves today reported 75 per cent drop in its consolidated net profit at Rs 16.01 crore for the quarter ended on June 30.

The company had posted a net profit after taxes, minority interest and share of profit of associates at Rs 64.02 crore for the same quarter last year, it said in a BSE filng.

The consolidated total income has decreased to Rs 3,211.36 crore for the period under review from Rs 3,472.58 crore for the quarter ended June 30, 2014.

The company has also posted an unaudited standalone net profit of Rs 126.35 crore for the quarter ended June 30 compared with Rs 125.93 crore for the quarter ended June 30, 2014.

The standalone total Income has decreased from Rs 1,917.81 crore for the quarter ended June 30, 2014 to Rs 1870.49 crore for the quarter ended June 30, 2015.