Auto parts company Greaves Cotton announced Q2FY23 results: Greaves Cotton announced its consolidated revenues of Rs 699 crore for Q2FY23, recording a growth of 87% over Q2FY22 The company reported an improvement in margins with quarterly EBITDA at Rs 43 crore The electric mobility business of Greaves recorded revenues of Rs 318 crore and sales of 33 thousand units Greaves Retail added over 40 new stores in YTD FY23, retailing 15+ brands Company reported H1FY23 consolidated revenues of Rs 1,359 crores with YoY growth of 126% Nagesh Basavanhalli, Executive Vice-Chairman of Greaves Cotton, said, “We are happy to announce the growth across different business units, resulting in highest ever quarterly revenues, and consistent improvement in profitability. Our focus on accelerating the adoption of electric vehicles and transforming last-mile mobility with clean transport solutions has strengthened our leadership position in this fast-growing market. Led by a strong & passionate leadership team, our group is investing in building competitive advantage in clean technology, product innovation and design”. Result PDF