Greaves Cotton’s Q4 Comeback: Profit Multiplies, Dividend Doubles the Cheer

Greaves Cotton Ltd has declared a final dividend of ₹2 per share for the year ended March 31, 2025, as a reward to shareholders following a phenomenal quarterly performance. The board recommendation, pending approval by the shareholders at the forthcoming AGM, is an indication of the company's robust financial turnaround and focus on value creation.

 

For the March quarter, Greaves Cotton posted a consolidated revenue from operations of ₹8.23 billion, a 22% year-on-year rise from ₹6.73 billion during the same quarter last year. The company's consolidated net profit for Q4 jumped to ₹240.5 million, a steep rise from ₹25.6 million in Q4 last year. This strong growth was led by increased sales and enhanced operational efficiency, with EBITDA margins improving to 6% from 3.56% last year.

 

Total costs rose to ₹8.08 billion mainly due to increased material and operating expenses, but profit before tax continued to increase to ₹268.3 million. For the year, revenue came in at ₹29.18 billion, and the company was able to cut its net loss significantly, demonstrating a good recovery.

 

Source: Business Upturn, NSE, INDmoney, India Infoline