Crompton Q3 net sales rise 26% at Rs 3030 cr

By Priyanka Dalmia, Research Analyst at CNBC-TV18

Transformer manufacturer Crompton Greaves has reported a net profit of Rs 77 crore in the third quarter of FY12, a massive fall of 67% as compared to Rs 233 crore in a year ago quarter.
But, net sales jumped 26.4% to Rs 3,030 crore from Rs 2,397 crore year-on-year.
Bottomline was less than analyst's expectations while topline was well above estimates; CNBC-TV18 poll saw profit after tax of Rs 140 crore and net sales of Rs 2,693 crore.