Greaves Cotton Sees 13% Standalone Revenue Growth in Q3 FY25

Greaves Cotton Limited, a leading diversified engineering company in India, has reported strong financial results for the period ending December 31, 2024. The results reflect the company’s successful execution of its diversification strategy, fuel-agnostic approach, and commitment to building a sustainable and digitally integrated ecosystem, driving consistent growth and long-term value creation.

In Q3 FY25, consolidated revenue surged to ₹751 crore, while standalone revenue recorded an impressive growth of 13%, reaching ₹502 crore. Excel contributed ₹69 crore to the quarterly revenue.

Nagesh Basavanhalli, Non-Executive Vice Chairman, Greaves Cotton Limited said, “Greaves is driving 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.”

Akhila Balachandar, Chief Financial Officer, Greaves Cotton Limited stated, “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.”

At the recent Auto Expo 2025 – The Motor Show, the Company showcased a full spectrum of fuel agnostic engines along with components, motion control, and cutting-edge powertrain technologies, including a hydrogen-powered engine. In addition, Greaves also presented its vision of building the complete sustainable mobility ecosystem. 

Greves Electric Mobility showcased innovative electric two- and three-wheelers concepts, variants on Ampere Nexus and Magnus scooters, and advanced charging solutions for 2-wheelers. These innovations reaffirm the company's commitment to democratise sustainable mobility and meeting the growing demand for eco-friendly mobility solutions in India.

As it moves into 2025, Greaves remains focused on long-term value creation, continued growth, and navigating market uncertainties. The company is well-positioned to lead India’s evolving mobility and engineering landscape with resilience and forward-thinking strategies.