Greaves Cotton zooms on turning black Q1
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Greaves Cotton is currently trading at Rs. 175.45, up by 10.10 points or 6.11% from its previous closing of Rs. 165.35 on the BSE.
The scrip opened at Rs. 166.00 and has touched a high and low of Rs. 177.70 and Rs. 164.40 respectively. So far 334790 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 258.85 on 21-Jan-2022 and a 52 week low of Rs. 126.15 on 23-Aug-2021.
Last one week high and low of the scrip stood at Rs. 177.70 and Rs. 161.35 respectively. The current market cap of the company is Rs. 4066.24 crore.
The promoters holding in the company stood at 55.54%, while Institutions and Non-Institutions held 12.05% and 32.41% respectively.
Greaves Cotton has reported results for first quarter ended June 30, 2022.
The company has reported net profit of Rs 35.63 crore for the quarter under review as compared to net loss of Rs 6.47 crore for the same quarter in the previous year. Total income of the company increased by 76.10% at Rs 385.33 crore for Q1FY23 as compared Rs 218.81 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net profit of Rs 18.18 crore for the quarter under review as compared to net loss of Rs 22.48 crore for the same quarter in the previous year. Total income of the company increased by around 3-fold at Rs 670.73 crore for Q1FY23 as compared Rs 232.12 crore for the corresponding quarter previous year.
