Greaves Cotton Ltd Share Price – NSE /  BSE

Capital Goods-Non Electrical Equipment, Small Cap

Greaves Retail, a division of Greaves Cotton, announced the launch of its new range of high-performance electrified light construction equipment at bauma CONEXPO India 2024.

With sustainability at the forefront, this new range of equipment integrates cutting-edge electrification technologies to deliver zero-emission solutions, enhancing performance while lowering operational costs. This strategic move into the Construction Equipment Sector underscores Company's commitment to delivering innovative, reliable solutions that prioritise environmental responsibility and sustainability.

The newly introduced lineup includes:

The Mini Excavator range from 2 Ton to 4 Ton category, equipped with a powerful Kubota engine, delivers superior performance with higher digging forces, making it perfect for heavy-duty excavation in challenging conditions.

The Electric Boom Lift provides exceptional reach with a platform height of 13.8 meter and a horizontal outreach of 7.81 meter, designed to navigate tight spaces and urban environments with ease. Its compact design and intelligent self-diagnostic system ensure high performance. The machine comes with zero maintenance lead acid battery or lithium battery as options.

Excel Controlinkage, a subsidiary of Greaves Cotton, also showcased its advanced engineering capabilities at the bauma CONEXPO India. The display featured a wide range of products, including high-performance gear shift levers, cables, rod shift lever, throttle control and parking brake levers for commercial vehicles and construction equipment. Excel caters to various domestic and international original equipment manufacturers. The exhibit also showcased a wide range of metal bonded rubber products for heavy commercial vehicles and construction equipment application, all engineered for durability and efficiency in demanding environments.

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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 reported a consolidated net loss of Rs 14.33 crore in Q2 FY25 as against a net loss of Rs 379.59 crore posted in Q2 FY24. Income from operations fell by 3% YoY to Rs 705 crore during the quarter.

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Raymond Ltd, Varroc Engineering Ltd, ITI Ltd and Greenpanel Industries Ltd are among the other gainers in the BSE's 'A' group today, 10 December 2024.

Greaves Cotton Ltd surged 14.10% to Rs 243.5 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 17.02 lakh shares were traded on the counter so far as against the average daily volumes of 2.22 lakh shares in the past one month.

Raymond Ltd spiked 10.96% to Rs 1789. The stock was the second biggest gainer in 'A' group. On the BSE, 1.52 lakh shares were traded on the counter so far as against the average daily volumes of 26339 shares in the past one month.

Varroc Engineering Ltd soared 10.91% to Rs 593.5. The stock was the third biggest gainer in 'A' group. On the BSE, 1.99 lakh shares were traded on the counter so far as against the average daily volumes of 6925 shares in the past one month.

ITI Ltd rose 7.63% to Rs 397.1. The stock was the fourth biggest gainer in 'A' group. On the BSE, 23.52 lakh shares were traded on the counter so far as against the average daily volumes of 10.18 lakh shares in the past one month.

Greenpanel Industries Ltd gained 7.08% to Rs 373.7. The stock was the fifth biggest gainer in 'A' group. On the BSE, 18409 shares were traded on the counter so far as against the average daily volumes of 10017 shares in the past one month.

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Income from operations fell by 3% YoY to Rs 705 crore during the quarter.

While EBITDA declined by 50% YoY to Rs 23 crore, EBITDA margin fell by 300 basis points YoY to 3.3% in the second quarter.

Operating profit before tax in Q2 FY25 stood at Rs 6 crore, down by 85% from Rs 40 crore in Q2 FY24.

Akhila Balachandar, chief financial officer, Greaves Cotton, said: Our Q2 FY25 results underscore the robustness of our diversification strategy and the momentum we are building across our businesses. Our performance in Retail, Engineering, and Excel, alongside the promising growth in Electric Mobility, reflects our agile approach to meeting diverse market demands.

Our fuel-agnostic strategy continues to expand our reach and adaptability, reinforcing our confidence in the path we've charted. This momentum reaffirms our commitment to delivering consistent value for our stakeholders.”

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.

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