Greaves Cotton shares dropped 2% following its Q3 earnings report. As of 9:35 AM, Greaves Cotton shares shares were trading 1.72% lower at Rs 243.50.
The company posted a 64% YoY surge in net profit, reaching ₹20.8 crore compared to ₹12.7 crore last year.
Revenue climbed 12.8% YoY to ₹750.6 crore, up from ₹665.4 crore in Q3 FY23. EBITDA grew by 12% YoY to ₹39.7 crore, while the EBITDA margin remained steady at 5.3%.
Greaves Cotton shares opened at ₹242.00, reaching a high of ₹247.20 and a low of ₹241.15 today. Over the past year, the stock has seen significant fluctuation, with a 52-week high of ₹319.50 and a low of ₹112.05.
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