Margin pressure to continue ahead: Crompton Greaves

Crompton Greaves, which reported lower-than-expected fourth quarter numbers, cited pricing pressure and dearth of orders as the reason behind its poor porformance. Speaking to CNBC-TV18, SM Trehan, MD, Crompton Greaves said the company will continue to withstand margin pressure if commodity costs do not come down. Trehan said the gloom will be lifted when full orders pour in by the second half of the year. Right now, order inflows are confined to the power segment.

GThe company's shares dropped over 11% in morning trade despite most brokerages and research firm maintaining 'buy' on the stock with the exception of Union Bank of Switzerland, after the company said there was pressure on pricing and that order books have dried up in fourth quarter. Going forward, the company is expecting improvement in its transmission and distribution (T&D) business in a year