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Crompton Greaves Q1 cons net profit at Rs 160.3 cr
Published on Fri, Jul 17, 2009 at 18:15  |  Updated at Sat, Jul 18, 2009 at 12:14  |  Source : CNBC-TV18
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Crompton Greaves has announced its Q1FY10 numbers. Its consolidated net profit increased 31% to Rs 160.3 crore versus Rs 122.6 crore, YoY.

The company's consolidated net sales were up 8% at Rs 2,197.5 crore as against Rs 2,034.7 crore, YoY.


EBIDTA (earning before interest, depreciation, tax and amortisation) increased to Rs 247.64 crore versus Rs 208.3 crore. Operating profit margin (OPM) improved to 11.26% versus 10.27%.

Highlights

-Raw material costs down at Rs 1,146.48 crore versus Rs 1,259.36 crore
-Higher other expenditure at Rs 305.53 crore versus Rs 256.54 crore
-Interest costs down at Rs 4.5 crore versus Rs 13.71 crore

Segmental Revenues

-Power Systems up 9% at Rs 1,483.77 crore versus Rs 1,367.15 crore
-Consumer Products up 14% at Rs 412.87 crore versus Rs 363.14 crore
-Industrial Systems down at Rs 279.38 crore versus Rs 287.85 crore

Sharp decline in raw material prices in 2HFY09,  favorably impact EBITDA margins due to higher proportion of pure raw material and fixed price contracts.

Power segment continued to maintain strong order intake from Powergrid, SEBs and exports.

Particulars Jun-09 Mar-09 Dec-08 Sep-08
Net Sales / Interest Earned / Operating Income 1173.46 1361.83 1080.16 1089.56
Other Income 8.44 10.37 8.11 6.88
Total Income 1181.9 1372.2 1088.27 1096.44
Expenditure -999.44 -1145.13 -941.17 -942.71
Interest 0.59 -3.82 -4.7 -3.88
Profit Before Depreciation and Tax 183.05 223.25 142.4 149.85
Depreciation -12.83 -13.04 -9.35 -11.99
Profit before Tax 170.22 210.21 133.05 137.86
Tax -55.5 -79.33 -48.28 -45.32
Net Profit 114.72 130.88 84.77 92.54
Equity Capital 73.31 73.31 73.31 73.31

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