GREAVES COTTON LTD.
P&L
Quarterly Consolidated
vs Q2 FY25
Greaves Cotton Limited Reports Strong Q3 FY25 Performance: Fuel-Agnostic Strategy, Diversification, and Multi-Stream Revenue Drive Resilient Growth and Robust Margins
24 Jan 2025 · 24 Jan 2025, 03:46 am
Summary
Greaves Cotton Limited, a leading diversified engineering company in India, has reported strong financial results for the period ending December 31, 2024. The results reflect the company’s successful execution of its diversification strategy, fuel-agnostic approach, and commitment to building a sustainable and digitally integrated ecosystem, driving consistent growth and robust margins.
Key Highlights
- 1
Consolidated revenue for the company stood at ₹3751 crore in Q3, grew by 13% Y-o-Y
- 2
Greaves Engineering and Retail segments witnessed solid growth of 14% and 13%Y-o-Y respectively
- 3
Excel revenue for the company stood at ₹69 crore
- 4
GEML revenue amounted to ₹184 crore in Q3, contributing positively to the overall performance
Management Comments
Nagesh Basavanhalli
Greaves is driving transition to a more sustainable and inclusive economy through fuel-agnostic solutions and a digitally integrated, customer-focused approach. By embracing innovation and delivering smart, sustainable solutions, we aim to empower lives and create long-term value for all stakeholders.
Akhila Balachandar
Our Q3 FY25 results reflect the strength of our diversification strategy, with the Engineering and Retail segments achieving remarkable growth of 14% and 13% respectively.
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