Crompton Greaves Q2fy15

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Crompton Q2 net up 19%; board approves demerger, land sale

The board of directors in today's meeting approved the demerger of its consumer products business unit into wholly owned subsidiary Crompton Consumer Products, which will be effective from April 1, 2015.
Crompton Q2 net seen up 37%, margin expansion in power key

Net sales may increase 9.5 percent to Rs 3,508 crore in the quarter ended September 2014 from Rs 3,205 crore in corresponding quarter last fiscal driven by overseas business especially due to growth from international power systems.

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Crompton Greaves Q2fy15

Crompton Q2 net up 19%; board approves demerger, land sale

Crompton Q2 net seen up 37%, margin expansion in power key