Wednesday, July 20, 2011

CROMPTON GREAVES LTD = RESULTS = FOR Q1 FY 2012 =ENDING JUNE 2011 = MEDIOCRE PERFORMANCE = ACQUISITIONS SPREE


Crompton Greaves Limited

NSE Symbol    CROMPGREAV

Crompton Greaves has declared its consolidated and stand alone results for the first qtr ending June 2011.

CONSOLIDATED RESULTS COMPARISON

Net Sales is Rs.2437.74 cr – down by 16.17% from the previous qtr of Q4 FY 11 and up by 5.89% from Q1 FY 11.

Total Expenditure is Rs.2316.65 cr – down by 10.71% from Q4 FY 11 and up by 13.21% from Q1 FY 11.

Profit from Operations is Rs.121.09 cr – down by 61.36% from Q4 FY 11 and down by 52.67% from Q1 FY11.

Consolidated Net Profit  is Rs.79.47 cr – down by  68.39% from Q4 FY 11; and down by 58.36% from Q1 FY 11.

Basic EPS  (in Rs.) is Rs.1.24 on a face value of Rs.2 for Q1 FY 2012 – against Rs.4.51 in Q4 FY 11; and Rs. 2.98 in q1 FY 11.

CONSOLIDATED RESULTS TABLE

Q1 FY 12 CS
Net Sales
243774
290,803.00
230,221.00
Increase in SIT / WIP
-27207
1,482.00
-8,907.00
Raw Materials
161037
149,502.00
119,697.00
Traded goods
28965
38,737.00
31,044.00
Employees Cost
32205
27,191.00
29,941.00
Depreciation
6077
5,967.00
4,151.00
Other Expenditure
30588
36,583.00
28,713.00
Total Expenditure
231665
259,462.00
204,639.00
Profit from Operations
12109
31,341.00
25,582.00
Other Income
1513
4,680.00
1,830.00
Profit before Int & EI
13622
36,021.00
27,412.00
Interest
1095
722
501
Profit after Int BB EI
12527
35,299.00
26,911.00
Profit before tax
12527
35,299.00
26,911.00
Tax Expense
4751
6,832.00
7,938.00
Net Profit after tax
7776
28,467.00
18,973.00
Extraordinary Items
-
3,812.00
-
Net Profit
7776
24,655.00
18,973.00
Minority Interest
7
21
10
Shares of Associates
-178
-509
-122
Consolidated Net Profit
7947
25,143.00
19,085.00
Face Value (in Rs.)
2
2
2
Paid-up Equity
12830
12,830.00
12,830.00
Basic EPS  (in Rs.)
1.24
4.51
2.98

STAND ALONE RESULTS COMPARISON

On a stand alone Basis - Net Sales comes to Rs.1468.83 cr- compared to Rs.1765.19 cr in Q4 FY11 and Rs.1342.91 cr in Q1 FY11.

Total Expenditure stands at Rs.1310.75 cr in Q1 FY 12 – against Rs.1524.06 cr in Q4 FY 11 and Rs.1150.78 cr in Q1 FY 11.

Profit from Operations is down to Rs.158.08 cr – from Rs.241.13 cr in Q4 FY 11 and Rs.192.13 Cr in Q1 FY 11.

Net Profit     stands at Rs.129.02 cr in q1 FY 12 – against Rs.217.64 cr in Q4 FY 11; and Rs.142.17 cr in Q1 FY 11.

Basic EPS stands at Rs.2.01 for Q1 FY 12 – against Rs.3.39 in Q4 FY 11 and Rs.2.22 in Q1 FY11.

STAND ALONE RESULTS TABLE

Crompton Grvs
Q1FY12NC
Q4FY11NC
Q1FY11NC
Net Sales
146883
176519
134291
Increase in SIT / WIP
-7943
4207
-10665
 Raw Materials
83096
90176
71267
Traded Goods
28965
28360
30445
Employees Cost
9181
8611
7261
Depreciation
2858
2303
1724
Other Expenditure
14918
18749
15046
Total Expenditure
131075
152406
115078
Profit from Operations
15808
24113
19213
Other Income
1566
2318
1478
Interest
143
299
-63
Profit  before tax
17231
26132
20754
Tax expense
4329
4368
6537
Net Profit
12902
21764
14217
Face Value (In Rs
2
2
2
Paid Up Equity
12830
12830
12830
Basic EPS
2.01
3.39
2.22
Public holding (%)
59.08
59.08
59.08

ANNOUNCEMENTS TO NSE

19-07-2011          Crompton Greaves consolidated Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 243774 lacs for quarter ending on 30-JUN-2011 against Rs. 230221 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 7947 lacs for the quarter ending on 30-JUN-2011 against Rs. 19085 lacs for the quarter ending on 30-JUN-2010.         -
19-07-2011          Crompton Greaves standalone Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 146883 lacs for quarter ending on 30-JUN-2011 against Rs. 134291 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 12902 lacs for the quarter ending on 30-JUN-2011 against Rs. 14217 lacs for the quarter ending on 30-JUN-2010.

27-05-2011          press release dated May 27, 2011, titled "Crompton Greaves Limited Acquires US Based QEI, Inc".

25-05-2011          press release dated May 25, 2011, titled "CROMPTON GREAVES LIMITED TO ESTABLISH A TRANSFORMER PLANT IN BRAZIL".

25-05-2011          Crompton Greaves has been awarded a contract as franchisee of Maharashtra State Electricity Distribution Company Limited for power distribution in Jalgaon Circle in Maharashtra for a period of 10 Years and a letter of Intent (LOI) has been executed for same between the Company and Maharashtra State Electricity Distribution Company Limited.

19-05-2011          press release dated May 19, 2011, titled "CROMPTON GREAVES LIMITED ACQUIRES SWEDEN BASED EMOTRON GROUP".

19-05-2011          Crompton Greaves Limited has just concluded an arrangement for the acquisition of Sweden based Emotron Group for an enterprise value equivalent to 57.8 Mn Euros. Emotron is a power electronics and engineering company, engaged in the manufacture of variable speed drives, soft starters, shaft power monitors, customized products and providing project solutions. With this acquisition, the Company has achieved its ambition of becoming a global player capable of providing comprehensive solutions in its industrial systems business.

28-04-2011          Crompton Greaves consolidated Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 1000511 lacs for year ending on 31-MAR-2011 against Rs. 914087 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 88867 lacs for the year ending on 31-MAR-2011 against Rs. 85987 lacs for the year ending on 31-MAR-2010.

28-04-2011          Crompton Greaves standalone Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 595147 lacs for year ending on 31-MAR-2011 against Rs. 528399 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 69433 lacs for the year ending on 31-MAR-2011 against Rs. 61734 lacs for the year ending on 31-MAR-2010.

28-04-2011          Crompton Greaves consolidated Results for the quarter ended on 31-MAR-2011 as follows: Net Sales of Rs. 290803 lacs for quarter ending on 31-MAR-2011 against Rs. 250789 lacs for the quarter ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 25143 lacs for the quarter ending on 31-MAR-2011 against Rs. 30651 lacs for the quarter ending on 31-MAR-2010.

28-04-2011          Crompton Greaves standalone Results for the quarter ended on 31-MAR-2011 as follows: Net Sales of Rs. 176519 lacs for quarter ending on 31-MAR-2011 against Rs. 161821 lacs for the quarter ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 21764 lacs for the quarter ending on 31-MAR-2011 against Rs. 23109 lacs for the quarter ending on 31-MAR-2010.

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