Greaves Cotton Ltd, a diversified engineering firm with a 165-year legacy, reported impressive earnings for the third quarter of FY25, showcasing significant growth in its net profit and revenue. For the quarter ended December 2024, the company’s net profit surged year-on-year (YoY) to ₹20.8 crore, compared to ₹12.7 crore in the same period last year.
Revenue also posted robust growth, reaching ₹750.6 crore, up from ₹665.4 crore in Q3 of FY24, reflecting the company’s strong operational performance and market demand.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter rose YoY to ₹39.7 crore from ₹35.4 crore in the corresponding quarter of the previous fiscal year, marking a notable improvement. However, the EBITDA margin remained flat at 5.3%, consistent with the margin reported in Q3 FY24.
The company’s strategy revolves around leveraging its engineering expertise and diversifying its portfolio to meet the growing demand for green and efficient mobility solutions. With its investments in electric vehicles and alternative energy solutions, Greaves Cotton aims to be a leader in India’s transition toward sustainable and fuel-agnostic technologies.
On January 24, 2025, Greaves Cotton share price traded down by 1.43% at 12:40 PM (IST) at ₹244.45. Greaves Cotton’s share price reached a 52-week high of ₹319.50 on December 30, 2024, and a 52-week low of ₹112.50 on June 04, 2024. As per BSE, the total traded volume for the stock stood at 1.86 lakh shares with a turnover of ₹4.51 lakhs.
At the current price, Greaves Cotton shares are trading at a price-to-earnings (P/E) ratio of 34.77x, based on its trailing 12-month earnings per share (EPS) of ₹7.03, and a price-to-book (P/B) ratio of 4.23, according to exchange data.
Greaves Cotton, once known primarily for its diesel engines, has transformed into a fuel-agnostic, end-to-end mobility solutions provider. The company is focused on sustainable growth and is investing heavily in electric mobility, alternative fuel solutions, and engineering innovations to shape the future of mobility in India.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.
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Published on: Jan 24, 2025, 12:51 PM IST
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