Comments
Shares of Crompton Greaves Consumer Electricals Ltd surged nearly 15 per cent on Friday after the company reported a 27.77 per cent increase in consolidated net profit for the quarter ended September 2020.
The stock jumped 14.66 per cent to ₹328.45 -- its 52-week high -- on the BSE.
At the NSE, it gained 14.79 per cent to its one year high of ₹329.
Crompton Greaves Consumer Electricals Ltd on Thursday reported a 27.77 per cent increase in consolidated net profit at ₹141.68 crore for the quarter ended September 2020.
The company had posted a net profit of ₹110.88 crore for the July-September period a year ago, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a BSE filing.
Revenue from operations climbed 12.77 per cent to ₹1,213.19 crore during the quarter under review, as against ₹1,075.79 crore in the same period previous fiscal.
Total expenses were at ₹1,040.73 crore as against ₹961.60 crore earlier, up 8.22 per cent.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.