Crompton Greaves Q1 cons net profit at Rs 160.3 crPublished on Fri, Jul 17, 2009 at 18:15 | Source : CNBC-TV18 Updated at Sat, Jul 18, 2009 at 12:14 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 Segmental Revenues -Power Systems up 9% at Rs 1,483.77 crore versus Rs 1,367.15 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.
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