Crompton Greaves net profit down at Rs 79 crore;stock plunges

MUMBAI: Crompton Greaves reported consolidated net profit fell sharply to Rs 79.47 crore for quarter ended June 2011 against Rs 190.85 crore in the corresponding quarter a year ago. Net sales were at Rs 2437.74 crore for the June 2011 quarter as compared to Rs 2302.21 crore a year ago.

At 02:54 PM, the stock was at Rs 205.75, down 15 per cent on the BSE. It touched a high of Rs 243.70 and a 52-week low of Rs 205.60.