Greaves Cotton Limited — Important, 23-01-2025: General Updates

**Financial Highlights:** Greaves Cotton reported standalone revenue of ₹502 crore for Q3 FY25, up 13% year-on-year, with EBITDA of ₹67 crore. The consolidated revenue reached ₹751 crore, reflecting a 13% increase. For the first nine months of FY25, standalone revenue stands at ₹1,415 crore, a 9% growth, while consolidated revenue amounts to ₹2,096 crore, growing 7% year-on-year.

**Strategic Initiatives and Growth Drivers:** The company aims to achieve ₹15,000 crore (USD 2 billion) in revenue by 2030 through organic growth and strategic acquisitions. Greaves is focusing on diversifying its revenue streams away from diesel engines, investing in electric mobility, and enhancing its product offerings in clean energy solutions.

**Business Developments:** Greaves Electric Mobility filed a draft red herring prospectus for an upcoming IPO, aiming to strengthen its technology and manufacturing capabilities. The launch of new electric models, including the Magnus Neo, is expected to bolster sales.

**Market Position and Competitive Advantage:** Greaves has successfully expanded its market share in both automotive and non-automotive segments, with exports constituting approximately 28% of Q3 revenue. The company is also paving the way in the electric vehicle sector through innovative financing solutions and partnerships.

**Investor Implications:** With clear growth strategies and expanding revenue streams, Greaves Cotton presents a positive outlook for investors. The focus on sustainability and diversification positions the company favorably in the evolving mobility market, highlighting potential growth opportunities.