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Our Bureau

Mumbai , May 23

Crompton Greaves Ltd has posted a net profit after tax of Rs 56.1 crore for the quarter ended March 31, 2006 compared with Rs 40.73 crore in the year-ago period. Total income (net of excise) moved up to Rs 810.21 crore from Rs 636.32 crore in the year-ago period.

For the full year, the company's net profit was Rs 163.05 crore (Rs 114.78 crore). Total income (net of excise) has increased from Rs 1,999.4 crore to Rs 2,553.33 crore in FY 06.

In its consolidated operations, Crompton Greaves posted a net profit after tax of Rs 232.03 crore.

The company's board also approved a sub-division of each share into five shares of Rs 2 each. The board has also proposed an increase in the company's authorised capital to Rs 125 crore from the current level of Rs 60 crore.

Shares of Crompton Greaves gained by Rs 16.15 to Rs 1,031 on BSE.

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