Delay in Overseas Asset Sale, Eyeing on Domestic Market Consolidated net revenues of Crompton Greaves (CG) grew by modest 4.6% yoy to Rs14.9bn in 2QFY17 compared to Rs14.2bn in 2QFY16 primarily due to better performance of Industrial businesses. On the back of poor operational performance of power system, CG's PAT from continuing operation declined by 46% yoy to Rs268 mn in 2QFY17 compared to Rs497mn in 2QFY16, while net loss from discontinuing operations stood at Rs372mn for the reporting quarter. Stock has corrected by 25% in 1-month recently on account of poor operational...