Crompton Greaves slides 8% post numbers

Shares of Crompton Greaves dropped more than 8% on the Bombay Stock Exchange, following a disappointing set of numbers.

The net profit of the company declined by 0.56% to Rs111.69 crore for the quarter ended September 30, 2012 as compared to Rs112.32 crore for the quarter ended September 30, 2011.

The total income of the company increased by 14.75% to Rs1684.88 crore for the quarter ended September 30, 2012 from Rs1468.29 crore for the quarter ended September 30, 2011.

Crompton Graves is a $ 2 billion engineering conglomerate with an impressive and diverse portfolio of products, solutions and services ranging from high-end power and industrial equipments and solutions, to consumer products and home appliances, addressing myriad needs.

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