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Greaves Cotton turns black in Q2FY23

15 Nov 2022 Evaluate

Greaves Cotton reported results for second quarter ended September 30, 2022.

The company has reported over 2-fold jump in its net profit at Rs 22.64 crore for Q2FY23 as compared to Rs 8.34 crore for the corresponding quarter previous year. Total income of the company increased by 30.88% to Rs 381.66 crore for the quarter under review as compared to Rs 291.60 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported net profit of Rs 32.30 crore for the quarter under review as against net loss of Rs 23.29 crore for the same quarter in the previous year. Total income of the company increased by 88.02% to Rs 713.83 crore for the quarter under review as compared to Rs 379.65 crore for the same quarter in the 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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