Introduction:
EV stock saw a sharp 13.66% drop to ₹154.50 after reporting weak Q2 FY25 results, including a net loss of ₹14 crore and a 3% revenue decline to ₹705 crore. The company specialises in sustainable mobility solutions, engines, and electric vehicles.
Share Price movement of Greaves Cotton Ltd:
As of November 13, Greaves Cotton Ltd share price opened at ₹176.00, reached an intraday high of ₹177.00, and dipped to a low of ₹154.50 before closing at ₹159.05, reflecting significant volatility during the trading session.
Greaves Cotton Ltd Share Price Decline:
Shares of EV stock Greaves Cotton plunged 13.66% to ₹154.50 on the BSE after weak Q2 FY25 results. The company reported a net loss of ₹14 crore versus ₹375 crore last year, with revenue falling 3% to ₹705 crore during the same period.
EBITDA dropped 52.17% to ₹22 crore, and margins declined 320 basis points year-on-year to 3.12%. Greaves Cotton, focuses on sustainable mobility, manufactures engines, generator sets, farm equipment, and electric vehicles. It also provides aftermarket spares and services across key segments like Engines, Electric Mobility, and Cables.
The EV stock rose 24% in the past year but gained only 2.5% year-to-date, underperforming the Sensex. The company trades at a P/E of 20.57x with an EPS of ₹8.70. By 1:18 PM, shares were trading 10.62% higher at ₹159.95 despite a weak market.
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Recent news About Greaves Cotton Ltd:
Recent news about Greaves Cotton includes its scheduled Board Meeting on November 12, 2024, to discuss and approve quarterly results. Additionally, the company experienced its first sales contraction in three years, with a 2.48% decline year-over-year
Stock performance of Greaves Cotton Ltd for Period of 1 week, 6 months and 1 year:
Over the past week, Greaves Cotton’s stock dropped significantly by 16.7%. Over the last six months, it experienced a 19.0% decline. However, on a yearly basis, the stock showed a modest return of 23.0%, reflecting mixed performance across periods.
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Shareholding pattern of Greaves Cotton Ltd:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 55.88 | 55.88 | 56 |
| FII | 1.04 | 1.15 | 2.81 |
| DII | 3.82 | 3.77 | 3.76 |
| Retail & others | 39.22 | 39.17 | 37.42 |
About Greaves Cotton Ltd Industries:
Greaves Cotton Ltd is a diversified engineering company specialising in sustainable mobility and energy solutions. It manufactures engines, generator sets, farm equipment, and electric vehicles while offering aftermarket services. The company operates in key segments like Engines, Electric Mobility, Cables, and Turnkey Infrastructure Solutions.
