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February 10, 2016 10:44 AM ET

Electrical Equipment

Company Overview of Crompton Greaves Limited

Company Overview

Crompton Greaves Limited provides various solutions to utilities, industries, and consumers for the management and application of electrical energy worldwide. It operates through Power Systems, Consumer Products, Industrial Systems, and Others segments. The Power Systems segment offers power and distribution transformers, reactors, switchgears, circuit breakers, vacuum interrupters, and network protection and control gears, as well as power supervisory control and data acquisition systems (SCADA). This segment also undertakes design, execution, and servicing of turnkey transmission and distribution, as well as substation projects and solutions, including end to end renewable projects. The Co...

CG House

6th Floor

Dr. Annie Besant Road

Worli

Mumbai,  400030

India

Founded in 1937

Phone:

91 22 2423 7777

Fax:

91 22 2423 7733

Key Executives for Crompton Greaves Limited

Chief Financial Officer, Chief Information Officer and Executive Vice President
Total Annual Compensation: $29.4M
Global Head of Legal, Govenance & Risk and Executive Vice President
Global Head of Human Resources and Executive Vice President
Age: 47
Compensation as of Fiscal Year 2015.

Crompton Greaves Limited Key Developments

Crompton Greaves Limited Appoints K R Chandratreas Secretarial Auditor for the Fiscal Year 2016

Crompton Greaves Limited announced that Dr. K R Chandratre, Practising Company Secretary has been appointed as the Secretarial Auditor of the company for the financial year 2015-16. Dr. Chandratre had over 30 years of experience in corporate laws and corporate secretarial practice. He was also the past President of the Institute of Company Secretaries of India.

Crompton Greaves Limited Announces Management Changes

Crompton Greaves Limited announced that Laurent Demortier will be stepping down as the CEO and Managing director of the company with effect from February 3, 2016. From the same date K N Neelkant take over as CEO and Managing Director of the company. From April 1, 2016, Madhav Acharya will join as a member of the board of CGL as Executive Director of Finance in addition to being the CFO of the company. Laurent remains on the board as an Executive Director until March 31, 2016. Jean-Michel Aubertin will be appointed as the CEO of the international power system business and will become a member of international board of the company. He joined CG over a year ago after along successful career at Alstom and Doosan Poer Systems. Norberto Santiago will remains as the CEO of international Automation business and will be report to the international board of the company.

Crompton Greaves Limited Reports Unaudited Consolidated and Standalone Results for the Third Quarter and Nine Months Ended December 31, 2015

Crompton Greaves Limited reported unaudited consolidated and standalone results for the third quarter and nine months ended December 31, 2015. For the quarter on standalone basis, the company reported net profit of INR 1,073.10 million or INR 1.70 per basic and diluted share as compared to INR 3,953.70 million or INR 6.31 per basic and diluted share for the quarter ended December 31, 2014. Total income decreased from INR 10,641.10 million for the quarter ended December 31, 2014 to INR 10,086.30 million for the quarter ended December 31, 2015. Net sales/income from operations was INR 9,909 million compared to INR 10,380.9 million a year ago. Profit from operations before other income, finance costs, exchange gain/loss and exceptional items was INR 277.3 million compared to INR 561.4 million a year ago. Profit from ordinary activities before tax was INR 1,493.7 million compared to INR 3,528 million a year ago. For nine months, on standalone basis the company reported net profit of INR 3,680.2 million or INR 5.87 per basic and diluted share as compared to INR 6,463.3 million or INR 10.31 per basic and diluted share for the quarter ended December 31, 2014. Net sales/income from operations was INR 28,361.7 million compared to INR 30,740.0 million a year ago. Profit from operations before other income, finance costs, exchange gain/loss and exceptional items was INR 637.5 million compared to INR 1,533 million a year ago. Profit from ordinary activities before tax was INR 3,542.7 million compared to INR 5,034.1 million a year ago. On consolidated basis, the company reported a net loss of INR 1,070.30 million or INR 1.71 per basic and diluted share compared to net profit of INR 2,742.90 million or INR 4.38 per basic and diluted share for the quarter ended December 31, 2014. Total income has decreased from INR 24,364.20 million for the quarter ended December 31, 2014 to INR 20,875.20 million for the quarter ended December 31, 2015. Net sales/income from operations was INR 20,678 million compared to INR 24,093.4 million a year ago. Loss from operations before other income, finance costs, exchange gain/loss and exceptional items was INR 556.5 million compared to profit of INR 23.8 million a year ago. Loss from ordinary activities before tax was INR 292.3 million compared to profit of INR 2,655.1 million a year ago. For nine months, on consolidated basis the company reported net loss of INR 388.8 million or INR 0.62 per basic and diluted share as compared to profit of INR 4,079 million or INR 6.51 per basic and diluted share for the quarter ended December 31, 2014. Net sales/income from operations was INR 63,704.2 million compared to INR 72,952.1 million a year ago. Loss from operations before other income, finance costs, exchange gain/loss and exceptional items was INR 1,247 million compared to profit of INR 301.6 million a year ago. Profit from ordinary activities before tax was INR 123.2 million compared to INR 3,276.9 million a year ago.

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