One of the top diversified engineering firms in India, Greaves Cotton Limited, announced strong financial results for the fiscal year that ended on September 30, 2024. These results demonstrated a robust company strategy, successful strategic objectives, and a persistent dedication to expansion.
Greaves Cotton’s standalone revenue increased by 2% to Rs. 468 crore in Q2 FY25, while its consolidated sales reached Rs. 705 crore. Excel’s contribution to the quarterly revenue was Rs. 61 crore.
Consolidated revenue for the first half of FY25 was Rs. 1,345 crore, while standalone revenue was Rs. 912 crore, a 7% rise from the previous year. Profit Before Tax (PBT) alone reached Rs. 106 crore for H1 FY25, while EBITDA was Rs. 109 crore.
According to Greaves Cotton Limited’s Chief Financial Officer, Akhila Balachandar, “Our Q2 FY25 results highlight the strength of our diversification strategy and the momentum we are building across our businesses.” Our ability to adapt quickly to the various demands of the industry is demonstrated by our success in Retail, Engineering, and Excel as well as the encouraging expansion in Electric Mobility. Our fuel-agnostic approach keeps broadening our scope and flexibility while bolstering our faith in the course we’ve chosen. This momentum serves as a reminder of our dedication to provide our stakeholders with steady value.
In H1 FY2025, the Engineering and Retail segments saw growth of 6% and 7%, respectively. Excel’s merger has strengthened the company’s engineering division, expanding and strengthening its capabilities. For the first quarter of FY2025, Greaves’s solo and Excel’s combined revenues were Rs. 1,036 crore. For the six months ending September 30, 2024, the companies’ EBITDA was Rs 144 crore.
Thanks to the introduction of a new product and a targeted approach to profitability, the Electric Mobility segment also had strong results, reporting Rs. 175 crore in Q2 and Rs. 302 crore in H1.
