Press Release - CG Q3 FY12 Orders up 66% at Rs.3401 crs vs Q3FY11
CG announced 66% increase in Orders for the quarter ended December 31st, 2011 at Rs 3401 crores as compared to Rs 2052 crore in the same period of last fiscal.
Highlights of Q3FY12 vs Q3FY11
- Consolidated order intake at Rs 3401 Cr, up 66 %
- Consolidated Net sales at Rs 3028 Cr up 26%
- EBIDTA at Rs 183Cr
- Net Profit at Rs. 77 Cr
Highlights for 9 months ended December 31, 2011
- Consolidated order intake at Rs 7368 Cr, up 16 %
- Consolidated Net sales at Rs 8171 Cr up 15%
- EBIDTA at Rs 590Cr
- Net Profit at Rs. 273 crs
Mumbai, January 31, 2012
Crompton Greaves (CG), announced 66% increase in Orders for the quarter ended December 31st, 2011 at Rs 3401crores as compared to Rs 2052crore in the same period of last fiscal. . Growth has been particularly strong in India and Europe where CG innovative solutions in Extra High Voltage , Renewables and Large Industrial Motors have been successfully launched.
Its Net Sales for the quarter ended December 31st, 2011 at Rs 3028 crores which is a 26% growth as compared to Rs 2397 crore in the same period of last fiscal with overall growth seen at 26%.
The EBIDTA during the quarter stood at Rs. 183 crore as against Rs 340 crore in Q3 FY11. Net Profit for the quarter stood at Rs 77 crore as against Rs 233crore in Q3FY11.
Total order book at the end of December 2011 was recorded at Rs 8183 crore.
During the quarter the revenues from Power business rose by 17.5 % to Rs 2069 crore. The Industrial business grew by 2% to Rs 475 crore whereas the consumer business posted a rise of 5% at Rs. 503 crore as compared to the Q2 FY12.
For the nine-months ended December 31st, 2011, Net Sales was at Rs 8171 crore posting a rise of 15% as compared to Rs 7097 crore in December 31st, 2010. During the same period, Net Profit stood at Rs. 273 crore as against Rs 637 crore in nine-month period of last fiscal.
Commenting on the results, Mr. Laurent Demortier, CEO & Managing Director, CG said: “In the midst of global uncertainties and tough macroeconomic environment both domestically and abroad, the quarter gone by has been very encouraging for CG. Across our three businesses, our growth is fueled by the introduction of new energy efficient product and services. Our efforts to gain foot hold in global markets are on track.”.
The US$ 4 bn Avantha Group is one of India’s leading business conglomerates. Its successful entities include BILT, Crompton Greaves, The Global Green Company, Avantha Power & Infrastructure, Solaris ChemTech Industries, Biltech Building Elements, Salient Business Solutions and Avantha Technologies. With an impressive global footprint, Avantha operates in more than ten countries, employing 20,000 people worldwide. The Group has business interests in diverse areas including power transmission and distribution equipment and services, paper and pulp, energy and infrastructure, food processing, farm forestry, chemicals, IT and ITES. Led by Gautam Thapar, Avantha demonstrates strong leadership globally and emerges as a focused corporate, leveraging its knowledge, leadership and operations, adding lasting value for its stakeholders and investors.
For more information on Avantha, please visit www.avanthagroup.com
CG, part of the US$ 4 bn Avantha Group, is a pioneering leader in the management and application of electrical energy. CG operates globally and is present in 21 countries . CG provides electrical product, system and services for Utilities, Power Generation, Industrial and Consumers. The company is organized into three business groups: Power, Industrial and Consumer. Nearly, two-thirds of its turnover accrues from Product Lines in which it enjoys a leadership position.
For more information on CG, please visit: www.cgglobal.com
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