Greaves Cotton Limited — Updates, 12-11-2024: Press Release

Greaves Cotton Limited has reported robust financial results for the quarter and half-year ended September 30, 2024. Standalone revenue in Q2 grew 2% year-over-year to Rs. 468 crore, while consolidated revenue reached Rs. 705 crore. For the first half of FY25, consolidated revenue totaled Rs. 1,345 crore, reflecting a 7% increase, with standalone revenue at Rs. 912 crore. EBITDA for H1 was Rs. 109 crore, with Profit Before Tax (PBT) standing at Rs. 106 crore.

The Engineering and Retail segments demonstrated solid performance, growing 6% and 7%, respectively, during the same period. The Electric Mobility division also showed promise, contributing Rs. 302 crore in H1, supported by new product launches. The integration of Excel has enhanced Greaves' engineering capabilities, demonstrating a positive outlook for future growth and operational efficiency. With a strong diversification strategy, Greaves Cotton is well-positioned to capture market opportunities and continues to push for sustainable growth in green mobility solutions.