Crompton Greaves Ltd has announced the following Un-Audited results for the quarter ended December 31, 2007:
The Company has posted a net profit from ordinary Activities after tax of Rs 679.00 million for the quarter ended December 31, 2007 as compared to Rs 454.20 million for the quarter ended December 31, 2006. Total Income has increased from Rs 8904.00 million for the quarter ended December 31, 2006 to Rs 10143.60 million for the quarter ended December 31, 2007.
The Consolidated results are as follows:
The Group has posted a net profit from Ordinary Activities after tax, minority interest and Shares of the profit / (loss) associate companies of Rs 827.10 million for the quarter ended December 31, 2007. Total Income is Rs 18069.40 million for the quarter ended December 31, 2007.
January 30, 2008
Crompton Greaves Q3FY08 Results
October 30, 2007
Crompton Greaves Q2FY07 Results
Crompton Greaves Ltd has announced the following Unaudited results for the quarter ended September 30, 2007:
The Company has posted a net profit after tax of Rs 741.90 million for the quarter ended September 30, 2007 as compared to Rs 406.60 million for the quarter ended September 30, 2006. Total Income has increased from Rs 9074.00 million for the quarter ended September 30, 2006 to Rs 10110.30 million for the quarter ended September 30, 2007.
The Consolidated results are as follows:
The Group has posted a net profit after tax, minority interest & share of profit of associates companies of Rs 909.40 million for the quarter ended September 30, 2007. Total Income is Rs 16742.30 million for the quarter ended September 30, 2007.
September 5, 2007
Motilal Oswal - Crompton Greaves
Motilal Oswal expects Crompton Greaves to report consolidated net profit of Rs3.6b in FY08 (up 49%) and Rs5.3b in FY09 (up 46.1%). The stock trades at 31.8x FY08E and 21.8x FY09E EPS. They have a target
price of Rs316/share (22x FY09E EPS), implies an upside of just 1% from current levels.
They maintain Neutral.
