Greaves Cotton consolidated net profit rises 2294.74% in the March 2021 quarter

Sales rise 34.75% to Rs 520.40 crore

Net profit of Greaves Cotton rose 2294.74% to Rs 13.65 crore in the quarter ended March 2021 as against Rs 0.57 crore during the previous quarter ended March 2020. Sales rose 34.75% to Rs 520.40 crore in the quarter ended March 2021 as against Rs 386.19 crore during the previous quarter ended March 2020.

For the full year,net loss reported to Rs 18.78 crore in the year ended March 2021 as against net profit of Rs 129.17 crore during the previous year ended March 2020. Sales declined 21.48% to Rs 1500.40 crore in the year ended March 2021 as against Rs 1910.96 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales520.40386.19 35 1500.401910.96 -21 OPM %7.996.11 -5.3111.00 - PBDT43.0525.35 70 81.10225.22 -64 PBT26.837.60 253 20.67164.28 -87 NP13.650.57 2295 -18.78129.17 PL

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