Consolidated revenue from operations during the quarter under review stood at Rs 1,516.21 crore as against Rs 1,410.59 crore a year ago.
Crompton Greaves Consumer Electricals Ltd (CGCEL) today reported 39.29 per cent increase in its standalone net profit to Rs 57.36 crore for the third quarter ended December 31, 2016.
Crompton Greaves Consumer Electricals'(CGCEL)erstwhile promoter Avantha Group today said it has transferred all the shares in the company to complete its stake sale to private equity firms Advent International and Temasek.
"Shantanu brings with him rich experience of managing consumer business across markets, product categories and functions," Crompton Greaves said in a BSE filing.
Shares of Crompton Greaves dropped nearly 8 percent intraday Friday after its promoter Avantha Holdings decided to sell entire stake in demerged consumer electricals business of the company.
Crompton Greaves today said its promoter Avantha Holdings has proposed to sell entire stake in demerged consumer electricals business.