Crompton Greaves has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit for the first quarter declined by 9.25% at Rs 129.02 crore as compared to Rs 142.17 crore for the corresponding quarter last year. Total income has increased by 9.34% at Rs 1484.49 crore for the quarter under review from Rs 1357.69 crore for the same quarter last year.

On consolidated basis, the Group‘s net profit fell by 58.36% at Rs 79.47 crore for the quarter ended June 30, 2011 as compared to Rs 190.85 crore for the quarter ended June 30, 2010. Total income has increased by 5.70% to Rs 2452.87 crore for the quarter from Rs 2320.51 crore for the similar quarter last year.

Current quarter include the results of the subsidiaries acquired during the quarter. Consequently, figures for the current quarter are not comparable with the figures of the previous quarter and figures for the previous quarter / year have been regrouped and reclassified, wherever necessary.

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