Greaves Cotton's Q1 net flat at Rs 31.8 crore

Net sales of remained almost unchanged at Rs 412.1 crore

Greaves Cotton, one of India's leading engineering companies, reported a flat net profit at Rs 31.8 crore for the first quarter ended June 30, 2013 as against Rs 31.6 crore in the corresponding period last year.

Net sales of the company also remained almost unchanged at Rs 412.1 crore for the Q1, FY14 versus Rs 412.1 crore in the same period last year.

Sunil Pahilajani, MD & CEO, said, “Despite a tough and challenging business scenario plagued with weakened business sentiments, Greaves has maintained its top line, and continues to focus on key initiatives critical to its growth strategy.”