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Greaves Cotton continues growth momentum 5th Quarter in a row- Q1 FY19 revenue up 13%

Greaves Cotton Limited, one of India’s leading engineering companies, reported revenue growth for Q1FY19 at 13% to Rs. 458 crore as against Rs. 406 crore in Q1FY18 (GST comparable numbers).EBITDA for the quarter ended June 30th, 2018 grew by 10% to Rs. 61 crore as against Rs. 55 crore in the year-ago quarter.Profit before exceptional items and tax grew by 7% to Rs. 58 crore for the quarter ended June 30th, 2018 as against Rs. 54 crore reported in the corresponding quarter last year.Profit after tax at Rs 40 crore in Q1 FY19 against Rs 41 crore in Q1 FY18 (including income from exceptional item, Rs 4 crore net of taxes.)

Commenting on the results, Mr. Nagesh Basavanhalli, MD & CEO said “Our relentless focus on our strategic plan has enabled us to maintain the growth momentum 5 quarters in a row. Through a focused approach on growth and cost rationalization we have been able to grow our EBIDTA, in spite of commodity prices inflation. We will continue to expand our business footprint, increase operational excellence and create value for our customers to drive sustainable growth in the future.”

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