Greaves Cotton (501455) Q1 24/25 earnings summary

Executive summary

• Consolidated revenue from operations rose 13% YoY to ₹639.70 crore; consolidated net loss narrowed to ₹0.16 crore from ₹24.93 crore.

• Standalone revenue from operations rose 12% YoY to ₹444.87 crore; standalone PAT was ₹36.55 crore versus ₹33.79 crore.

• Broader activity across engineering, retail, electric mobility, finance and technology supported reach across products and markets.

Financial highlights

• Consolidated EBITDA was ₹27 crore versus a ₹14 crore loss; margin improved to 4.3% from -2.5%.

• Consolidated profit before exceptional items and tax was ₹15.26 crore versus a loss of ₹11.34 crore.

• Standalone EBITDA was ₹50 crore, up 12% YoY, with an 11.3% margin; operating PBT was ₹49 crore, up 11%.

• Standalone profit before tax was ₹49.29 crore versus ₹45.47 crore; total income was ₹456.50 crore versus ₹405.65 crore.

• Consolidated profit attributable to owners was ₹10.32 crore, offset by a ₹10.48 crore loss attributable to non-controlling interests.

Outlook and guidance

• Export demand was stable; management expected a pickup in the coming quarter as currency inflation normalized.

• High-horsepower generation solutions for data centres were in development, with continued product development for the segment.

• Upcoming Eltra L5 variants are intended to address varied B2C and B2B load requirements.