Crompton Greaves Q4 profit after tax at Rs.69.92 crores

Crompton Greaves Ltd has announced the audited financial results for the quarter & year ended March 31, 2007. The results for the Quarter ended March 31, 2007 are as follows: The Company has posted a net profit after tax of Rs 699.20 million for the quarter ended March 31, 2007 where as the same was at Rs 561.00 million for the quarter ended March 31, 2006. Total Income (net of excise) is Rs 10032.70 million for the quarter ended March 31, 2007 where as the same was at Rs 8102.10 million for the quarter ended March 31, 2006.

The results for the Year ended March 31, 2007 are as follows: The Company has posted a net profit after tax of Rs 1923.70 million for the year ended March 31, 2007 where as the same was at Rs 1630.50 million for the year ended March 31, 2006. Total Income (net of excise) is Rs 34024.90 million for the year ended March 31, 2007 where as the same was at Rs 25533.30 million for the year ended March 31, 2006.

The consolidated results for the Year ended March 31, 2007 are as follows: The Group has posted a net profit after tax of Rs 2865.00 million for the year ended March 31, 2007 where as the same was at Rs 2320.30 million for the year ended March 31, 2006. Total Income (net of excise) is Rs 57448.40 million for the year ended March 31, 2007 where as the same was at Rs 41917.60 million for the year ended March 31, 2006.

The consolidated results for current year are not comparable with those for the year ended March 31, 2006 to the extent of integration of subsidiaries acquired during 2006-07 (CG Hungary Kft., Ganz Transelektro Villamossagi Zrt, Transverticum Kft., Malanpur Capital Power Ltd), with the parent Company.

The Register of Members & Share Transfer Books of the Company will remain closed from July 14, 2007 to July 27, 2007 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company.

Source : Equity Bulls

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