Conference Call with Greaves Cotton Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Auto parts & equipment company Greaves Cotton announced Q1FY24 results: Standalone EBITDA for Q1FY24 stood at Rs 45 crore, a growth of 63% YoY, and an improvement in margins by 4 bps to 11.3% New acquisition Excel's revenue stands at Rs 39 crore with robust margins Ampere Electric Scooter crosses cumulative 2,00,000 secondary sales milestone Commenting on the company's Q1FY24 performance, Nagesh Basavanhalli, Non-Executive Vice-Chairman of Greaves Cotton, said, "We have taken significant steps in progressing towards becoming a full-stack ecosystem player focused on democratising sustainable mobility. Our growth stems from our dedicated team and strategic investments in clean technology, product innovation, and design. The acquisition with Excel Controlinkage has led to growth and enhanced capabilities, and our recent majority stake acquisition in MLR presents a valuable opportunity to strengthen our position in the 3-wheeler market. This also aligns with our strategy of focusing on sustainable margin improvement." Result PDF
Conference Call with Greaves Cotton Ltd. Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.