Crompton Greaves Q1 net at Rs 122.61 cr

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Electrical equipment manufacturer Crompton Greaves on Wednesday announced a consolidated net profit of Rs 122.61 crore for the quarter ended June 30, a 36.38% increase over the previous year quarter. The company had net profit of Rs 89.9 crore in the first quarter of FY'08, said in a filing to Bombay Stock Exchange. The total income of the company rose to Rs 2,051.87 crore in the latest quarter, from Rs 1,554.88 crore in the same period last year. Crompton Greaves reported a standalone net profit of Rs 88.9 crore in the first quarter, a 29.29% growth over previous year's profit of Rs 68.76 crore. Total income of the company rose to Rs 1,090.98 crore in the latest quarter, from Rs 908.66 crore in the same period in FY'08. Shares of the company closed at Rs 256.45, up 9.85% on the BSE.

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Dalmia Cement (Bharat) Ltd has reported a drop in its standalone net profit to Rs 50.46 crore for the first quarter ended June 30, 2008 as against Rs 81.84 crore during the same period last year. The net sales, however, grew19% to Rs 414.59 crore (Rs 348.16 crore). The EPS too declined 67.42% to Rs 6.24 (Rs 19.15). The company said that due to higher interest cost (54.10%) of Rs 34.41 crore, there was a decline in net profit, said a press release on Wednesday.

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