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Crompton Greaves Con Q1 net profit up 17.58% at Rs 122.60 cr
  Crompton Greaves Consumer Electricals Ltd. | 17 Jan 2020 | 10:51 AM
Published on 07-24-2019
The company reported standalone net profit of Rs 122.60 crore for the quarter ended June 30 2019 as compared to Rs 104.27 crore in the same period last year registering a year-on-year growth of 17.58 per cent.


Net revenue of the company rose moderately by 11.87 per cent at Rs 1346.84 crore in April-June quarter of this fiscal as against Rs 1203.89 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 11.40 per cent to Rs 1154.78 crore from Rs 1036.63 crore in year ago period.


Other Income grew by 95.93 per cent at Rs 17.32 crore versus (Jun`18 Rs 8.84 crore).


Operating Profit surged by 14.83 per cent to Rs 192.06 crore as against Rs 167.26 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 2.66 per cent in June quarter.


Interest declined by 1.45 per cent y-o-y to Rs 14.99 crore while Taxation increased by 23.34 per cent at Rs 66.01 crore (Jun`18 Rs 53.52 crore).