Crompton Greaves has announced its first quarter results. The company's net profit was up at Rs 36.4 crore from Rs 31.3 crore. Its total income was up at Rs 745.5 crore against Rs 527.5 crore.
SM Trehan, MD of Crompton Greaves says topline growth was driven by growth in power systems, consumer products and industrial systems.
Excerpts from CNBC-TV18's exclusive interview with SM Trehan:
Give an outlook on your margins and where do you expect them to go for the next quarter, can you hold this 9-10% range?
This margin rate will be maintained. Although the commodity pricing increase has put a pressure on margins, but we are confident that we will be able to maintain the margins throughout the year.
Can you break up the growth that you have seen across divisions like power and consumer industrial? What you see going ahead?
41% growth on the topline was driven by 67% growth in the power systems, 28% in the consumer products and 26% from the industrial systems motors and alternators.
Where does the order book stand at this point?
It is about Rs 1,800 crore.
Is that executable within this financial year?
Yes.
You tax rate seemed to have skewed the bottomline a bit. Where do you see your tax rate stabilizing for the next few quarters?
It will remain at the level as in the first quarter.
So do you expect that to soften out your bottomline growth a little bit?
It will keep the bottomline growth at the same rate that we have seen in Q1.
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