The shares of Greaves Cotton Restricted had been buying and selling at ₹243.75 down by ₹4 or 1.61 per cent on the NSE right now at 11.25 am.
Greaves Cotton Restricted reported a strong monetary efficiency for the third quarter of fiscal yr 2025, with consolidated income rising 13 per cent year-on-year to ₹751 crore. The corporate’s standalone income reached ₹502 crore, pushed by sturdy development in its Engineering and Retail segments, which each expanded by 14 per cent and 13 per cent, respectively.
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In the course of the Auto Expo 2025, the corporate highlighted its strategic pivot in direction of sustainable mobility, showcasing a variety of fuel-agnostic engines and electrical car applied sciences. The presentation of hydrogen-powered engines and modern electrical two- and three-wheeler ideas underneath the Ampere model was significantly noteworthy.
The corporate’s diversification technique seems to pay dividends, with subsidiary Excel contributing ₹69 crore to the quarterly income and Greaves Electrical Mobility Restricted (GEML) including ₹184 crore. The press launch additionally revealed that GEML is making ready for an preliminary public providing, having filed a draft pink herring prospectus with SEBI on December 23, 2024.
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Nagesh Basavanhalli, Non-Govt Vice Chairman, emphasised the corporate’s dedication to driving sustainable financial transition via modern, customer-focused options. As Greaves Cotton strikes into 2025, it stays centered on long-term worth creation and navigating market uncertainties in India’s evolving mobility panorama.
