Greaves Cotton has reported results for third quarter ended December 31, 2022 (Q3FY23).
The company has reported over 3-fold jump in its net profit at Rs 27.38 crore for Q3FY23 as compared to Rs 8.39 crore for the corresponding quarter previous year. Total income of the company increased by 21.76% to Rs 373.57 crore for the quarter under review as compared to Rs 306.80 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported net loss of Rs 5.71 crore for Q3FY23 as compared to net loss of Rs 6.24 crore for the same quarter in the previous year. Total income of the company increased by 8.47% to Rs 531.33 crore for the quarter under review as compared to Rs 489.82 crore for the same quarter in the previous year.