HomeNewsBusinessEarningsCrompton Greaves Q3 net profit falls 3.1% to Rs 85 crore

Crompton Greaves Q3 net profit falls 3.1% to Rs 85 crore

The company's revenue came in at Rs 1,693 crore, increasing 11.6 percent

February 15, 2024 / 12:36 IST
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Crompton Greaves announces Q3FY24 results. (representational image)

Crompton Greaves on February 14 reported net profit at Rs 85 crore for the December quarter of FY24, registering a decline of 3.1 percent from the year-ago period.

The company's revenue came in at Rs 1,693 crore, increasing 11.6 percent from Rs 1,516 crore in the year-ago quarter, the company said in a regulatory filing.

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Earnings before interest, tax, depreciation and amortization (EBIDTA) for the quarter was at Rs 150 crore declining 1.7 percent. EBIDTA margin was at 8.8 percent vs 10.1 percent YoY.

On February 14, shares of Crompton Greaves closed at 0.28 percent higher at Rs 286.10 on NSE.

Moneycontrol News
first published: Feb 14, 2024 05:49 pm

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