Greaves Cotton Ltd

Greaves Cotton announced that the 106th Annual General Meeting(AGM) of the company will be held on 30 July 2025.Powered by Capital Market - Live

Greaves Cotton has approved allotment to the option grantee of 10,000 equity shares of Rs. 2/- each, pursuant to exercise of 10,000 Stock Options at an exercise price of Rs. 2/- each amounting to Rs. 20,000/- under Greaves Cotton ' Employee Stock Option Plan 2020.Powered by Capital Market - Live

Greaves Cotton has issued corporate guarantee to Tata Capital Limited (Lender) for an amount of Rs. 40 crore as security for the term loan facility availed by Greaves Electric Mobility, material subsidiary of the Company from the Lender. Powered by Capital Market - Live

Greaves Cotton announced that the Board of Directors of the Company at its meeting held on 30 April 2025, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 100%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Revenue from operations rose 22.34% year on year (YoY) to Rs 822.83 crore in the quarter ended 31 March 2025. On the segmental front, engine revenue was Rs 523.99 crore (up 20.79% YoY), electric mobility & other vehicles revenue was Rs 169.29 crore (up 41.46% YoY) and revenue from cables & control levers stood at Rs 70.47 crore (up 7.70% YoY) during the fourth quarter. EBITDA soared 91.66% to Rs 46 crore in the quarter ended 31 March 2025 as compared to Rs 24 crore posted in the same quarter previous year. EBITDA margin improved to 5.6% in Q4 FY25 as against 3.5% recorded in Q4 FY24. Profit before tax surged to Rs 26.83 crore in the fourth quarter of FY25, compared to Rs 3.49 crore reported in the same period last year. On a full-year basis, the company reported a consolidated net profit of Rs 58.40 crore in FY25 as against a net loss of Rs 135.72 crore in FY24. Revenue from operations jumped 10.83% YoY to Rs 2,918.44 crore in FY25. Karan Thapar (Chairman), Greaves Cotton, said, Our consistent progress across diverse business units is a testament to our strategic vision. By leveraging our mobility expertise and focusing on customer needs, we are evolving from a diesel engine pioneer into a dynamic provider of fuel-agnostic solutions with multiple applications while maintaining strong financial health.' Meanwhile, the company's board has recommended payment of a dividend of Rs 2 per share for the financial year ended 31st March, 2025, subject to approval of the shareholders at the ensuing Annual General Meeting of the Company Greaves Cotton is a multi-product and multi-location engineering company. The company is a leading name in fuel-agnostic powertrain solutions, e-mobility, aftermarket & retail. Powered by Capital Market - Live

Net profit of Greaves Cotton rose 839.45% to Rs 24.05 crore in the quarter ended March 2025 as against Rs 2.56 crore during the previous quarter ended March 2024. Sales rose 22.35% to Rs 822.83 crore in the quarter ended March 2025 as against Rs 672.53 crore during the previous quarter ended March 2024. For the full year,net profit reported to Rs 58.40 crore in the year ended March 2025 as against net loss of Rs 135.27 crore during the previous year ended March 2024. Sales rose 10.83% to Rs 2918.44 crore in the year ended March 2025 as against Rs 2633.19 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales822.83672.53 22 2918.442633.19 11 OPM %5.563.53 -4.653.44 - PBDT52.1034.09 53 174.11146.12 19 PBT26.835.91 354 70.6361.73 14 NP24.052.56 839 58.40-135.27 LP Powered by Capital Market - Live

Greaves Cotton will hold a meeting of the Board of Directors of the Company on 30 April 2025.Powered by Capital Market - Live

Parag succeeds Arup Basu, who resigned from the position of managing director of the company and whose employment contract will come to an end at the close of business hours on 9 May 2025, it added. In his new role, Satpute will oversee the strategy and operations of Greaves Engineering, Greaves Retail, Greaves Technologies, and Excel Controlinkage, the company said. Satpute, who has nearly 3 decades of experience in the mobility and manufacturing sectors, joins the company from Bridgestone Mobility Solutions, where he served as the president of their fleet business, besides earlier serving in the position of the managing director of Bridgestone India. Satpute holds a mechanical engineering degree from Pune University and an executive MBA from Warwick Business School. Parag's responsibilities will include strengthening and growing these businesses and driving business growth, the firm said. Commenting on his new role, Parag Satpute, managing director & group CEO, Greaves Cotton, said, I am excited to join Greaves Cotton Limited at this pivotal moment in its journey. The company's' demonstrated legacy in empowering lives through sustainable and accessible solutions resonates strongly with me. I look forward to working closely with the team to advance this vision and drive strategic business outcomes. Greaves Cotton is a multi-product and multi-location engineering company. The company is a leading Greaves Cotton spurts on appointing Parag Satpute as MD & group CEO Greaves Cotton soared 5.83% to Rs 193.30 after the company announced appointment of Parag Satpute as its new managing director (MD) and group chief executive officer (GCEO). Parag succeeds Arup Basu, who resigned from the position of managing director of the company, and whose employment contract will come to an end on the close of business hours of 9 May 2025, it added. In his new role, Satpute will oversee the strategy and operations of Greaves Engineering, Greaves Retail, Greaves Technologies, and Excel Controlinkage, the company said. Satpute, who has nearly 3 decades of experience in the mobility and manufacturing sectors, joins the company from Bridgestone Mobility Solutions, where he served as the president of their fleet business, besides earlier serving in the position of the managing director of Bridgestone India. Satpute holds a mechanical engineering degree from Pune University and an executive MBA from Warwick Business School. Parag's responsibilities will include strengthening and growing these businesses and driving business growth, the firm said. Commenting on his new role, Parag Satpute, managing director & group CEO, Greaves Cotton, said, I am excited to join Greaves Cotton Limited at this pivotal moment in its journey. The company's' demonstrated legacy in empowering lives through sustainable and accessible solutions resonates strongly with me. I look forward to working closely with the team to advance this vision and drive strategic business outcomes. Greaves Cotton is a multi-product and multi-location engineering company. The company is a leading name in fuel-agnostic powertrain solutions, e-mobility, aftermarket & retail. The company's consolidated net profit declined 85.35% to Rs 6.68 crore in Q3 FY25, compared with Rs 45.60 crore in Q3 FY24. Revenue from operations jumped 12.81% YoY to Rs 750.60 crore in Q3 FY25.Powered by Capital Market - Live

Greaves Cotton announced the following change in the board of directors and key management personnel of the company: Parag Satpute will assume the role of Managing Director & Group CEO of the Company, responsible for Greaves Engineering, Greaves Retail, Excel Controlinkage and Greaves Technologies effective from today i.e., 14 April 2025. Dr. Arup Basu's resignation as Managing Director of the Company will be effective from the close of business hours on 14 April 2025 and his role as CEO of Greaves Engineering will cease on 09 May 2025. Dr. Arup Basu's employment contract will come to an end on the close of business hours of 09 May 2025. Powered by Capital Market - Live

Greaves Cotton announced a partnership with Chara Technologies to revolutionize the electric mobility landscape by leveraging Chara's cutting-edge technology to manufacture synchronous reluctance motors and controllers. As part of this collaboration, these motors and controllers will be exclusively manufactured by Greaves and assembled at its state of-the-art facility in Shendra, Aurangabad, catering to both automotive and non-automotive applications, including L5 three-wheelers, golf carts, and four-wheelers. The strategic partnership aims to combine Chara's expertise in motor systems with Greaves' scale in R&D and manufacturing. Chara's distinctive synchronous reluctance motors and controllers use rare-earth-free magnets, which maximize energy efficiency by eliminating electromagnetic losses, while also de-risking the supply chain by replacing hard-to-source minerals. Eliminating the rare-earth magnets from within these components is expected to offer energy savings of up to 50% and reduce CO2 emission by 30% owing to the use of sustainable raw materials within them. The partnership will enable Greaves Cotton Ltd. to harness this technology and design bespoke electric prime mover solutions for OEMs in the EV ecosystem in India. Powered by Capital Market - Live