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Greaves Cotton turns black in Q1

12 Aug 2022 Evaluate

Greaves Cotton has reported results for first quarter ended June 30, 2022.

The company has reported net profit of Rs 35.63 crore for the quarter under review as compared to net loss of Rs 6.47 crore for the same quarter in the previous year. Total income of the company increased by 76.10% at Rs 385.33 crore for Q1FY23 as compared Rs 218.81 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit of Rs 18.18 crore for the quarter under review as compared to net loss of Rs 22.48 crore for the same quarter in the previous year. Total income of the company increased by around 3-fold at Rs 670.73 crore for Q1FY23 as compared Rs 232.12 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Cummins India 4828.10
Kirloskar Oil Engine 2243.65
Greaves Cotton 221.00
Swaraj Engines 3522.85
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