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Greaves Cotton Q4 net dips 52.82% to Rs14.37 cr

Greaves Cotton Q4 net dips 52.82% to Rs14.37 cr
PTI
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First Published: Fri, Apr 24 2009. 02 46 PM IST
Updated: Fri, Apr 24 2009. 02 46 PM IST
Mumbai: Engineering firm Greaves Cotton on Friday said its net profit for the fourth quarter ended March 31, was down by 52.82 per cent to Rs14.37 crore.
In a filing to the Bombay Stock Exchange, Greaves Cotton said it had a net profit of Rs 30.46 crore in the same quarter ended March 31, 2008.
Net sales of the company declined to Rs262.03 crore during the quarter under review, from Rs339.29 crore for the same quarter previous fiscal.
The company has appointed Prabhakar Dev as its managing director and chief executive officer, effective from 4 May.
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First Published: Fri, Apr 24 2009. 02 46 PM IST