Greaves Cotton announces highest-ever quarterly consolidated revenue of Rs 827 crores
May 12, 2023
Mumbai (Maharashtra) [India], May 12 (ANI/NewsVoir): Greaves Cotton Limited, one of India's leading last-mile mobility companies, announced its consolidated revenues of Rs 827 crores for Q4FY23, recording a healthy growth of 33% over Q4FY22. The Company has reported an improvement in margins with quarterly EBITDA at Rs 49 crores. The electric mobility business of Greaves recorded the highest-ever quarterly revenues of Rs 383 crores, and sales of ~39K units. Ampere Electric two-wheelers continued to be ranked amongst India's top three electric vehicle manufacturers (Source - Vahan Portal). This reflects the trust the Ampere brand enjoys and the growing adoption of electric mobility in India.