Shares of Crompton Greaves settled nearly 6 per cent down today after the company reported a consolidated net loss of Rs 10.41 crore for the quarter ended September 30, besides uncertainties prevailed over sale of its international power business.
Opening on a weak note, the stock further plunged 5.85 per cent to end the day at Rs 62 on BSE. Intraday, it touched a low of 8.80 per cent.
At NSE, the shares tumbled 5.71 per cent to close at Rs 61.90.
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The company yesterday reported a consolidated net loss of Rs 10.41 crore for the quarter ended September 30. It had posted a net profit of Rs 10.58 crore in the year-ago period.
Total income increased to Rs 1,545.19 crore during the period from Rs 1,446.99 crore on September 30, 2015, the firm said in a regulatory filing.
Besides, the company said a deal with Pauwels Spaco Ltd - an SPV of first reserve (parties) for sale of its power business in Europe, North America and Indonesia stands terminated.
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