Greaves Cotton Ltd's Q3FY25 Quarterly Results

Result Summary

• Greaves Cotton Ltd reported a 6.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 12.1%.
• Its expenses for the quarter were up by 3.8% QoQ and 13.4% YoY.
• The net profit decreased 146.6% QoQ and decreased 85.4% YoY.
• The earnings per share (EPS) of Greaves Cotton Ltd stood at 0.9 during Q3FY25.

Financial Statments for Q3FY25

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Greaves Cotton Ltd is a diversified engineering company with a significant presence in the automotive, industrial, and retail sectors. The company's primary products and services include engines, powertrains, and various other automotive components. Greaves Cotton is known for its robust manufacturing capabilities and has been a key player in the industry for several decades. The company operates in a competitive market, with a focus on innovation and sustainability. Major recent developments include strategic partnerships and expansions into new product lines, although specific details on these are not available in the provided data.

Revenue

In the third quarter of the fiscal year 2025, Greaves Cotton Ltd reported a total income of ₹762.24 crores. This marks an increase of 6.0% quarter-over-quarter (QoQ) from ₹719.09 crores in Q2FY25 and a 12.1% year-over-year (YoY) rise from ₹679.80 crores in Q3FY24. The growth in revenue indicates an upward trend in the company's income generation over the past year. The consistent increase in total income over the quarters suggests a stable or expanding market presence.

Profitability

The company's profit before tax (PBT) for Q3FY25 was ₹28.60 crores, which is significantly higher than the ₹1.81 crores recorded in the previous quarter (Q2FY25), representing a QoQ increase of 1480.1%. However, this figure shows a YoY decline of 61.5% from ₹74.34 crores in Q3FY24. After accounting for taxes, the profit after tax (PAT) was ₹6.68 crores, a recovery from a loss of ₹14.33 crores in Q2FY25, but an 85.4% decrease from ₹45.60 crores in Q3FY24. The earnings per share (EPS) for Q3FY25 stood at ₹0.90, reversing from a negative EPS of ₹-0.10 in the previous quarter, but it shows a decline from ₹2.50 in Q3FY24.

Operating Metrics

The total expenses for Q3FY25 were reported at ₹739.81 crores, marking an increase of 3.8% QoQ from ₹712.98 crores in Q2FY25, and a 13.4% YoY rise from ₹652.62 crores in Q3FY24. The tax expense for the quarter was ₹21.92 crores, up 35.8% QoQ from ₹16.14 crores in Q2FY25, but down 23.7% YoY from ₹28.74 crores in Q3FY24. These metrics reflect the company's cost structure and its capacity to manage expenses relative to income generation. The fluctuations in tax expenses also highlight changes in the company's tax liabilities over different periods.