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Greaves Cotton Q4 revenues down 32% YoY

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MUMBAI : Manufacturer of diesel engines, gensets and electric two-wheelers, Greaves Cotton Ltd has reported a decline of 32% YoY in its standalone revenue from operations, which stood at ₹360 crore for the March quarter.

The company had posted total revenue of ₹528 crore for the year-ago period.While the March quarter was stressed as the market came to a halt due to the pandemic, the company’s FY20 standalone revenue from operations were at ₹1821 crore, down 8% YoY from ₹1988 crore in FY19.Profit after tax (PAT) for the last fiscal stood at ₹148 crore, down 12% YoY from ₹169 crore.

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