Greaves Cotton Witnesses Strong Q3 FY25 Financial Results
Modified On Feb 08, 2025 09:05 PM
In the third quarter of the financial year 2025, Greave Electric Mobility generated Rs 184 crore in revenue, which improved the overall financial performance of Greaves Cotton.
Key Highlights
- In Q3 FY25, Greaves Cotton’s standalone revenue increased by a significant 13% to Rs 502 crore, while consolidated sales surged to Rs 751 crore.
- Greave Electric Mobility's overall financial performance increased in Q3 FY25 after generating Rs 184 crore in revenue.
- Greaves Electric Mobility exhibited advanced 2-wheeler charging systems, Ampere Nexus and Magnus scooters, and innovative electric three-wheeler designs like the Xargo EV.
For the third quarter of the current fiscal year that ended on December 31, 2024, Greaves Cotton announced impressive financial performance. The latest financial results reflect how well the company has implemented its diversification strategy, fuel-agnostic approach, and dedication to building a digitally linked and sustainable ecosystem, all of which have contributed to steady development and long-term value creation.
Related Link: Greaves Electric Mobility Aims To More Than Double The 3-Wheeler Production Capacity By FY27
Greaves Cotton Q3 FY25 Financial Results
Consolidated revenue jumped to Rs 751 crore in Q3 FY25, while standalone revenue saw a remarkable 13% increase to Rs 502 crore. Excel’s contribution to the quarterly revenue was Rs 69 crore. In Q3, Greave Electric Mobility generated Rs 184 crore in revenue, which improved the overall financial performance.
Official Insights By Greaves Cotton
Akhila Balachandar, Chief Financial Officer, Greaves Cotton, commented, “Our Q3 FY25 results reflect the strength of our diversification strategy, with the Engineering and Retail segments achieving remarkable growth of 14% and 13% respectively.”
Nagesh Basavanhalli, Non-Executive Vice Chairman, Greaves Cotton, said, “Greaves is driving the transition to a more sustainable and inclusive economy through fuel-agnostic solutions and a digitally integrated, customer-focused approach. By embracing innovation and delivering smart, sustainable solutions, we aim to empower lives and create long-term value for all stakeholders.”
Greaves Electric Mobility At Auto Expo 2025
The company showcased a wide range of fuel-agnostic engines, components, motion control, and advanced powertrain technologies, including a hydrogen-powered engine, at the recent Auto Expo 2025. Greaves also shared its goal of creating the entire ecosystem for sustainable mobility.
Greaves Electric Mobility exhibited cutting-edge 2-wheeler charging systems, variations on Ampere Nexus and Magnus scooters, and innovative electric three-wheeler designs like the Xargo EV. The company's commitment to democratising sustainable transportation and satisfying India's increasing need for environmentally friendly mobility solutions is reaffirmed by these advances.
Final Thought
Greaves is still committed to creating long-term value, expanding, and managing market volatility as it enters 2025. With tenacity and innovative tactics, the brand is well-positioned to take the lead in India's changing engineering and mobility market.
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