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Engineering company Greaves Cotton posted 10% increase in its net profit at Rs 38 crore for the quarter ended December 31, 2013 compared to Rs 34 crore in the corresponding quarter of the previous year.
Total revenue of the company, however, declined 18% to Rs 423 crore for Q3, 14 versus Rs 515 crore in the same period last year.
Sunil Pahilajani, MD & CEO, of the company attributed to sustained growth in technological improvement and extended focus on value addition for maintaining profit growth.
