The NSE reported today at 11.25 am that Greaves Cotton Limited’s shares were trading at ₹243.75, a decrease of ₹4 or 1.61 per cent.
In the third quarter of fiscal year 2025, Greaves Cotton Limited demonstrated a strong financial performance, with consolidated revenue increasing by 13 per cent year-on-year to ₹751 crore. The company’s standalone revenue also saw growth, reaching ₹502 crore, fueled by a 14 per cent increase in the Engineering segment and a 13 per cent increase in the Retail segment.
At the Auto Expo 2025, Greaves Cotton highlighted its shift towards sustainable mobility by showcasing various fuel-agnostic engines and electric vehicle technologies. Of particular note were the hydrogen-powered engines and innovative electric two- and three-wheeler concepts under the Ampere brand.
The company’s diversification strategy has proven successful, with subsidiary Excel contributing ₹69 crore to quarterly revenue and Greaves Electric Mobility Limited (GEML) adding ₹184 crore. GEML has even filed a draft red herring prospectus with SEBI on December 23, 2024, in preparation for an initial public offering.
Nagesh Basavanhalli, Non-Executive Vice Chairman, reiterated the company’s commitment to driving a sustainable economic transition through customer-focused solutions. As Greaves Cotton moves forward into 2025, its focus remains on creating long-term value and navigating market uncertainties in India’s evolving mobility landscape.
