Greaves Cotton has reported results for third quarter ended December 31, 2023 (Q3FY24).
The company has reported over 3-fold jump in its net profit at Rs 87.70 crore for the third quarter ended December 31, 2023 as compared to Rs 27.38 crore for the same quarter in the previous year. Total income of the company increased by 21% at Rs 452.02 crore for Q3FY24 as compared Rs 373.57 crore for corresponding quarter of the previous year.
On consolidated basis, the company has reported net profit of Rs 45.60 crore for Q3FY24 as compared to net loss of Rs 5.71 crore for the same quarter in the previous year. Total income of the company increased by 27.94% at Rs 679.80 crore for Q3FY24 as compared Rs 531.33 crore for corresponding quarter of the previous year.
