Conference Call with Greaves Cotton Ltd. Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Greaves Cotton Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Auto parts & equipment company Greaves Cotton announced Q4FY23 & FY23 results: Consolidated Q4FY23: Revenues of Rs 827 crore for Q4FY23, recording a healthy growth of 33% over Q4FY22 EBITDA for Q4FY23 stood at 49 crore The e-Mobility business recorded quarterly revenues of Rs 383 crore and a volume of 39K units The e-Mobility business continues its growth momentum with YoY growth of 116% B2C business contribution increased to 66% Completed the acquisition of a 60% equity stake in Nagpur-based Excel Controlinkage on May 8, 2023 Consolidated FY23: Revenues of Rs 2,700 crore, up 58% EBITDA at Rs 133 crore The auto and non-auto applications businesses registered a growth of 77% and 17%, respectively Standalone Q4FY23: Revenues of Rs 437 crore with a significantly improved EBITDA margin of 12% Greaves Retail added over 71 new stores in FY23, retailing 11 brands and continuing its growth momentum B2C businesses contributed 66% to the overall revenues in Q4FY23, reflecting the results of the diversification strategy Commenting on the Company's Q4FY23 performance, Nagesh Basavanhalli, Executive Vice-Chairman of Greaves Cotton, said, "Greaves Cotton has achieved its strongest quarterly revenues to date, along with consistent improvement in profitability across various business units. Our talented leadership team has been instrumental in this success, and we continue to invest heavily in building competitive advantages in clean technology, product innovation, and design. As we look ahead and pursue our growth trajectory, the business momentum reinforces our confidence in our strategy of being a full stack mobility ecosystem player with a growing global presence." Result PDF