Greaves Cotton Oct-Dec consolidated PAT falls 57% on year, sales down 5%

Greaves Cotton Ltd's consolidated net profit for the December quarter slumped 57.3% on year to 209.2 mln rupees. In JulSep, the company had posted a net loss of 224.9 mln rupees. Revenue from operations for the quarter fell 4.9% on year to 4.95 bln rupees, but rose 50.2% sequentially.