The result was announced after trading hours on Friday, 24 May 2013.
Meanwhile, the S&P BSE Sensex was up 111.50 points, or 0.57%, to 19,815.83.
On BSE, 4.64 lakh shares were traded in the counter as against an average daily volume of 2.66 lakh shares in the past one quarter.
The stock hit a high of Rs 95.80 and a low of Rs 91 so far during the day. The stock had hit a 52-week high of Rs 141.70 on 8 October 2012. The stock had hit a 52-week low of Rs 87.25 on 10 April 2013.
The stock had underperformed the market over the past one month till 24 May 2013, rising 2.28% compared with the Sensex's 2.74% rise. The scrip had also underperformed the market in past one quarter, falling 0.36% as against Sensex's 2.01% rise.
The mid-cap company has an equity capital of Rs 128.30 crore. Face value per share is Rs 2.
Crompton Greaves (CG) reported a net loss of Rs 36.14 crore in the year ended March 2013 compared with a net profit of Rs 373.59 crore in the year ended March 2012. Net sales rose 7.5% to Rs 12094.44 crore in the year ended March 2013 over the year ended March 2012.
The company said that figures for the current quarter and the year ended March 2013, includes the results of subsidiaries acquired during the year. Consequently, figures for the current quarter and year ended March 2013 are not comparable with the figures of the corresponding period of the previous year.
CG received orders worth Rs 2983 crore in Q4 March 2013, up by 32% over Q3 December 2012. Consolidated order backlog stood at Rs 9126 crore as on 31 March 2013.
CG said in a statement that despite tough market conditions, it recorded a strong order intake and sales performance. In India, orders were driven by industrial and consumer activities, reporting growth of 20% and 22% respectively. International operations benefited from the successful market penetration in fast growing geographies like Middle East and Africa (order intake Rs 1753 crore, up 230% year on year) and Latin America (order intake Rs 367 crore, up 190% year on year).
Profitability of the business was impacted by restructuring of power transformers activity in Europe. The restructuring of Belgium operations has been completed during the year. The new European manufacturing platform in Hungary was scaled up as planned, the company added.
CEO and Managing Director, Laurent Demortier of Avantha Group Company CG said, "2012-13 has been a year of transition for CG. The growth has enabled necessary structural changes to face new market conditions. Several new high-value adding activities have been launched (UHV, Power electronics, automation). We are now focused on penetrating high growth potential geographies by leveraging our cost effective manufacturing hub in India."
The board of CG has recommended a final dividend of Rs 0.40 per share for the financial year ended March 2013.
Crompton Greaves is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers. The company is organized into four business groups: power, industrial, automation and consumer.
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