Crompton FY06 net up 98%, plans stock split

Crompton Greaves today reported a 98% increase in consolidated net profit at Rs 232.03 crore for the year ended March 31, 2006 as against Rs 117.12 crore in FY05.

According to a release issued by the company to the BSE today, total income moved up to Rs 4,191.76 crore from Rs 2,017.11 crore in FY05.

The board meeting today also recommended sub-division of each fully paid equity share of the company in the ratio of 1:5 i.e one share of Rs 10 each would be split into five shares of Rs 2 each, the release added.