Crompton Greaves Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 29, 2014 at 08:13 am EST
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Crompton Greaves Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, on standalone basis, the company reported net sales/income from operations (net of exercise duty) of INR 18,676.5 million against INR 17,460.5 million a year ago. Profit from operations before other income and finance costs was INR 1,473.4 million against INR 1,145.3 million a year ago. Profit from ordinary activities before tax was INR 1,776.7 million against INR 1,437.3 million a year ago. Net profit from ordinary activities after tax was INR 1,355.4 million against INR 1,061.6 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 2.14 against INR 1.66 a year ago.
For the nine months, on standalone basis, the company reported net sales/income from operations (net of exercise duty) of INR 54,529.2 million against INR 50,754.3 million a year ago. Profit from operations before other income and finance costs was INR 4,158.7 million against INR 3,950.0 million a year ago. Profit from ordinary activities before tax was INR 5,228.4 million against INR 4,556.2 million a year ago. Net profit from ordinary activities after tax was INR 3,949.7 million against INR 3,381.2 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 6.22 against INR 5.27 a year ago.
For the quarter, on consolidated basis, the company reported net sales/income from operations (net of exercise duty) of INR 33,519.7 million against INR 29,718.3 million a year ago. Profit from operations before other income and finance costs was INR 952.2 million against loss of INR 545.6 million a year ago. Profit from ordinary activities before tax was INR 1,088.9 million against INR 1,661.8 million a year ago. Net profit from ordinary activities after tax was INR 595.7 million against loss of INR 1,889.8 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 0.98 against loss per share of INR 2.95 a year ago.
For the nine months, on consolidated basis, the company reported net sales/income from operations (net of exercise duty) of INR 97,141.0 million against INR 87,071.4 million a year ago. Profit from operations before other income and finance costs was INR 2,844.2 million against INR 1,476.3 million a year ago. Profit from ordinary activities before tax was INR 3,244.5 million against INR 471.1 million a year ago. Net profit from ordinary activities after tax was INR 1,781.7 million against loss of INR 615.7 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 2.84 against loss per share of INR 0.96 a year ago.
CG Power and Industrial Solutions Limited is an India-based company, which is engaged in providing end-to-end solutions to utilities, industries and consumers for the management and application of electrical energy. The Company's segments include Power Systems and Industrial Systems. The Power Systems segment is engaged in the manufacturing of electric equipment for the power and industrial sector and manufactures and sells products such as transformers and reactors, switchgear products and also offers turnkey solutions in power distribution and generation. The Industrial Systems segment is engaged in the manufacturing and sale of power conversion equipment which includes a wide spectrum for all industrial applications of medium and low voltage rotating machines, drives and stampings for all industrial applications, equipment and solutions to Indian railways for rolling stock, traction machines, railway propulsion control equipment, coach panels and signaling equipment.
CG POWER AND INDUSTRIAL SOLUTIONS LIMITED 
