Greaves Cotton Limited reports healthy Q1 FY25 results with revenue growth of 12% y-o-y, a standalone PBT of INR 49 crore, and robust EBITDA growth of 12%
- In Q1 FY25, GCL reported revenue of Rs. 445 crores at a growth of 12% y-o-y and EBITDA growth of 12%
- GCL Consolidated Revenue reported of Rs. 640 crores, up by 13% y-o-y
- Greaves Engineering and Retail businesses registered growth of 15% and 7%, respectively
- Excel’s reported revenue at INR 63 crore, up 13% y-o-y
BENGALURU, Greaves Cotton Limited, one of India’s leading diversified engineering companies, reported standalone revenues of INR 445 crore for Q1 FY25, a growth of 12% y-o-y, with quarterly EBITDA at INR 50 crore, a growth of 12% y-o-y. On a consolidated basis, revenue stood at INR 640 crore, up 13%.
In Q1 FY25, the Company saw significant growth, with automotive engines increasing by 31% and market share rising to 57%. The Company launched new alternate fuel engines and transitioned to CPCB IV+ gensets, receiving a positive market response. Our commitment to a fuel-agnostic approach has broadened our product range, extended our global reach, with exports now forming 12% of the Engineering revenue, significantly increased exports to the United States and the European Union, and led to the development of e-powertrains. Greaves Retail has expanded its OE partnerships with large conglomerates and MNCs, piloted an e-commerce delivery model to sell its 2WMB parts, and established new businesses in newer areas such as construction equipment. At GEMPL, 2W volumes increased by 10% and 3W volumes by 19% QoQ, driven by the introduction of Nexus, a high-performance family scooter, and supply chain strengthening for ELTRA.
Ms. Akhila Balachandar, CFO, Greaves Cotton Limited, added, “Greaves Cotton Limited’s Q1 FY25 performance underscores the success of our diversification strategy. Our strong revenue growth reflects our commitment to broadening our product range and market reach. By embracing a fuel-agnostic approach and expanding into new sectors, we’ve not only enhanced our market position but also significantly boosted our exports and established new businesses. This quarter’s results are a testament to our strategic vision and operational excellence, driving sustained growth across businesses.”
