Greaves Cotton Q4 PAT soars to Rs 14 cr

By Capital Market9 days ago

On a consolidated basis, Greaves Cotton reported a net profit of Rs 13.65 crore in Q4 FY21 compared with net profit of Rs 0.57 crore in Q4 FY20.

Net sales during the quarter increased by 34.8% year-on-year (YoY) to Rs 520.40 crore. Profit before tax was at Rs 27.33 crore in Q4 FY21, steeply higher than Rs 2.57 crore in Q4 FY20.

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The company posted an EBIDTA of Rs 42 crore in the fourth quarter. It had recorded an EBIDTA of Rs 24 crore in the same period last year.

Greaves said it is committed to the diversification journey and to capitalize on all the opportunities that can help the group to achieve the vision in the long run. Its new business (e-mobility and non-auto business) continues to grow and contributes 30% to the overall business of the company.

Greaves e-mobility segment has seen higher growth momentum, with Ampere gaining popularity due to rise in demand for its electric two-wheelers (electric scooters) and electric three-wheelers (electric rickshaws).

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