Greaves Cotton Reports Mixed Q2 Results with Standalone Profit but Consolidated Loss
Greaves Cotton reported mixed financial results for Q2 FY24. Standalone operations showed a profit of ₹52.50 crore on revenue of ₹467.52 crore. However, consolidated results revealed a loss of ₹3.32 crore despite revenue of ₹815.49 crore. The Engines segment performed well with ₹95.05 crore profit, while the Electric Mobility & Other Vehicles segment reported a ₹49.70 crore loss, impacting overall results. The company acquired an additional 10% stake in Excel Control Linkage Private Limited and invested ₹22 crore in Greaves Finance Limited.

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Greaves Cotton , a diversified engineering company, has reported mixed financial results for the quarter ended September 30, with a standalone profit but a consolidated loss.
Financial Highlights
| Metric | Standalone | Consolidated | 
|---|---|---|
| Revenue from Operations | ₹467.52 crore | ₹815.49 crore | 
| Profit/(Loss) | ₹52.50 crore | (₹3.32 crore) | 
Key Takeaways
Standalone Performance
On a standalone basis, Greaves Cotton reported revenue from operations of ₹467.52 crore and a profit of ₹52.50 crore for the quarter.
Consolidated Results
Despite consolidated revenue from operations of ₹815.49 crore, the company posted a loss of ₹3.32 crore on a consolidated basis.
Segment Performance
- The Engines segment performed well with profits of ₹95.05 crore.
 - Cables & Control Levers contributed ₹11.32 crore to the profits.
 - The Electric Mobility & Other Vehicles segment reported a loss of ₹49.70 crore, impacting the consolidated results.
 
Strategic Investments
- Greaves Cotton acquired an additional 10% stake in Excel Control Linkage Private Limited for ₹65.8 crore.
 - The company made a further investment of ₹22 crore in its wholly owned subsidiary Greaves Finance Limited.
 
Employee Stock Options
The company allotted 362,988 equity shares under its employee stock option plan.
These results demonstrate Greaves Cotton's mixed performance in the quarter, with strong standalone results but challenges in the consolidated figures, particularly due to losses in the Electric Mobility & Other Vehicles segment. The company's strategic investments and segment-wise performance provide insights into its operational focus and future directions.
Investors and market analysts may need to closely examine the reasons behind the consolidated loss and the company's plans to address challenges in the underperforming segments. The performance of individual business segments and the impact of recent investments will be crucial factors in assessing the company's overall financial health and future prospects.
Historical Stock Returns for Greaves Cotton
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years | 
|---|---|---|---|---|---|
| +0.50% | -1.23% | +6.06% | +12.08% | +19.49% | +230.47% | 
















































