Greaves Cotton CFO Akhila Balachandar On Q3 Earnings, Engines, Auto & Sector Outlook

Greaves Cotton reports a 13% YoY rise in sales, reaching Rs 751 crore in Q3FY24, compared to Rs 665 crore in Q3FY23. EBITDA also saw a growth of 12% YoY, reaching Rs 39.7 crore, up from Rs 35.4 crore in Q3FY23. However, the company faced a significant drop in net profit, falling 70% to Rs 6.68 crore, compared to Rs 45.6 crore in Q3FY23. EPS also declined by 64%, coming in at Rs 0.90, compared to Rs 2.50 in the same quarter last year. In an exclusive interview with Business Today TV, Greaves Cotton CFO Akhila Balachandar discusses the company’s Q3 earnings, performance in the engines and auto sectors, and the outlook for the industry. Watch this live for a deeper understanding of the numbers and what’s next for Greaves Cotton.