Crompton Greaves jumped 6.72% as net profit rose 60% to Rs 135.43 crore on a 14% increase in total income to Rs 1240.47 crore in Q3 December 2009 over Q3 December 2008. The result was announced during trading hours today, 28 January 2010.
Meanwhile, the company’s board recommended issuing three bonus shares for every four held (4:1). This is Crompton Greaves’ third bonus issue. Earlier, the company had issued 1:1 bonus in January 1990 and a 2:5 bonus in December 2006.
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