Conference Call with Greaves Cotton Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment company Greaves Cotton announced FY24 results: Financial Highlights: Standalone Revenue for GCL for FY24 stood at Rs 1,779 crore, a growth of 15% YoY. Standalone EBITDA for FY24 stood at Rs 232 crore, a growth of 53% YoY, and an improvement in margins by 325 bps YoY GCL Proposed final Dividend of 100% Standalone decadal high PBT of Rs 366 crore New Acquisition Excel's revenue stands at Rs 263 crore, a growth of 41% YoY, with robust margins of 31% Greaves Electric Mobility's consolidated revenue stands at Rs 612 crore, with a strong focus on new product launches and the path to profitability Commenting on the Company's performance, Nagesh Basavanhalli, Non-Executive Vice Chairman of Greaves Cotton, said, "Our transformation journey from diesel engines to a multifaceted organisation embracing a fuel-agnostic approach, bringing us closer to our customers. The Company's performance underscores the resilience of our diversification strategy. Collaborating with Excel has unlocked new capabilities and growth avenues for Greaves Engineering. Our evolution from a B2B to a B2B+B2C company has been fuelled by the robustness of our strategy, contributing to our growth. This transformation has been pivotal, instilling confidence to deliver sustainable value to customers and shareholders." Akhila Balachandar, CFO, Greaves Cotton, added, "The financial results highlight the exceptional performance of Greaves Engineering & Excel, along with the impressive expansion of Greaves Retail. The launch of our new EV solutions business vertical has provided a solid foundation, and we're excited about the renewed interest in Greaves 3W on the NAB portal. The momentum we have established reinforces our confidence in our strategy, reaffirming our dedication to delivering sustainable value consistently." Result PDF
Conference Call with Greaves Cotton Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.