Greaves Cotton : Announced a drop in its standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company declined 13.24% to Rs 206.40 million from Rs 237.90 million in the same quarter, last year.

Net sales for the quarter rose 12.59% to Rs 3,497.20 million, while total income for the quarter rose 12.19% to Rs 3,512.20 million, when compared with the prior year period.