Crompton Greaves sees robust order intake

Crompton Greaves sees robust order intake
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First Published: Thu, Oct 23 2008. 02 56 PM IST
Updated: Thu, Oct 23 2008. 02 56 PM IST
Mumbai: “Power equipment maker Crompton Greaves Ltd sees no slowdown in sales and the company’s order input remains robust,” a top official said.
“We are not witnessing any slowdown in sales and our order input is much higher than the corresponding period in the previous year,” managing director, S.M.Trehan told television channel NDTV Profit.
“The company has a strong order backlog of $1.6 billion,” he added.
Earlier this week, the company reported a net profit of Rs1,201.2 million, a 32% rise from the previous quarter.
Shares of the company traded down 3.14% at Rs160.5 per share in a weak Mumbai market.
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First Published: Thu, Oct 23 2008. 02 56 PM IST