Greaves Cotton Limited has informed the Exchange about Transcript of the Earnings Call for Q4FY25.
GREAVESCOT · price
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Greaves Cotton reported a strong Q4 FY25 with consolidated revenue of Rs. 823 crore; standalone revenue grew 19% YoY to Rs. 573 crore, while Excel Controlinkage (acquisition) contributed Rs. 75 crore, up 15% YoY. Standalone EBITDA margin came in at 14.7%, and combined GCL+Excel EBITDA margin stood at 16.4%. For the full year FY25, consolidated revenue was Rs. 2,918 crore, standalone EBITDA Rs. 260 crore, and combined EBITDA margin was 15%. The company is nearly debt-free with Rs. 379 crore in cash and a ROCE of 19%. New MD & Group CEO Parag Satpute (ex-Bridgestone) has joined to lead growth. The Board reiterated its Rs. 15,000 crore group revenue target by 2030 via organic growth and strategic acquisitions. Capex of around Rs. 100 crore is planned for FY26. Electric Mobility subsidiary (GEML) has filed a DRHP for an IPO, awaiting SEBI approval, and grew FY25 revenue 7.4% to Rs. 659 crore with improving market share in two-wheelers (3.4% to 4.3% in Q4) and L5 three-wheelers (1.2% to 3.7%).
Strong Q4 and FY25 results, margin expansion, and a debt-free, cash-rich balance sheet are positives for shareholders. The new CEO appointment and reaffirmed Rs. 15,000 crore FY30 target signal an aggressive growth and acquisition roadmap. The pending IPO of the EV subsidiary could unlock value, though management declined to give forward guidance on EV profitability citing DRHP-related restrictions.