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.