Crompton Greaves Consumer Electrical up 12%, Q1 net rises 38%

Moneycontrol BureauShares of Crompton Greaves Consumer Electrical (demerged arm of Crompton Greaves) rose 12 percent intraday Monday on the back of robust first quarter numbers (April-June)..The company's Q1 net profit was up 38 percent at Rs 91.9 crore and total income increased by 11.9 percent at Rs 1,120.8 crore, on sequential basis.The operating profit was up 21.9 percent at Rs 154.9 crore and EBITDA margin was up 110 bps at 13.8 percent versus 12.7 percent.Crompton Greaves Consumer Electrical was quoting at Rs 166.05, up Rs 9.05, or 5.76 percent on the BSE. Posted by Rakesh Patil