CG Consumer Electricals Q3 net down 6%

Crompton Greaves Consumer Electricals on Friday reported a 6.13 per cent decline in consolidated net profit at Rs 151.09 crore for the quarter ended December 2020.

The company had posted a net profit of Rs 160.97 crore in the October-December period a year ago, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a BSE filing.

However, its revenue from operations rose 25.84 per cent to Rs 1,348.17 crore during the quarter under review as against Rs 1,071.29 crore in the corresponding period of last fiscal.

"Profit After Tax for Q3FY21 was at Rs 151 crore. Last year PAT included effect of income tax refund and interest thereon. Like to like PAT growth is at 53 per cent," the company said in a post-earnings statment.