Net profit of Greaves Cotton declined 90.39% to Rs 2.56 crore in the quarter ended March 2024 as against Rs 26.65 crore during the previous quarter ended March 2023. Sales declined 18.67% to Rs 672.53 crore in the quarter ended March 2024 as against Rs 826.94 crore during the previous quarter ended March 2023.For the full year,net loss reported to Rs 135.27 crore in the year ended March 2024 as against net profit of Rs 78.03 crore during the previous year ended March 2023. Sales declined 2.45% to Rs 2633.19 crore in the year ended March 2024 as against Rs 2699.45 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales672.53826.94 -19 2633.192699.45 -2 OPM %3.535.70 -3.444.69 - PBDT34.0969.77 -51 146.12181.99 -20 PBT5.9154.57 -89 61.73125.31 -51 NP2.5626.65 -90 -135.2778.03 PL Powered by Capital Market - Live News

Greaves Cotton announced that the Board of Directors of the Company at its meeting held on 08 May 2024, has recommended a Final dividend of Rs.2 per share (i.e.100%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Greaves Cotton will hold a meeting of the Board of Directors of the Company on 8 May 2024.Powered by Capital Market - Live News

Greaves Electric Mobility (GEMPL), the electric mobility segment of Greaves Cotton, has appointed K Vijaya Kumar as its new Executive Director and CEO. In his new role, Vijaya will lead the company`s initiatives in product development, dealer distribution, and market expansion, among other areas.With over three decades of experience in the mobility sector, Vijaya Kumar has served as the Managing Director and CEO of SAR Group`s E-Mobility Business, shaping the growth of electric vehicles. His return to Greaves marks a significant milestone, having previously served as the President of the automotive business at Greaves Cotton (GCL). His career encompasses senior leadership roles at TVS Motor and Bajaj Auto. Powered by Capital Market - Live News

Greaves Retail, the retail unit of Greaves Cotton, a provider of clean mobility and energy solutions in the e3W, ICE 3W, and SCV segments, has entered into a strategic technology transfer and supply agreement with Tsuyo Manufacturing (Tsuyo), an innovative Indian company specialising in electric vehicle components. The agreement marks a significant milestone in Greaves Cotton`s commitment to advancing its presence in the low-speed electric 3-wheeler (L3) vehicle segment. This collaboration underscores Greaves Cotton`s endeavour to leverage Tsuyo`s expertise in electric vehicle technology and manufacturing machinery to enhance its capabilities in the electric L3 vehicle domain. Through this partnership, Greaves Cotton anticipates significant growth opportunities within the 3W segment, aligning with its vision to drive sustainable mobility solutions. Powered by Capital Market - Live News