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Greaves Cotton declines despite its Q2 consolidated net loss narrows to Rs 14 crore
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Greaves Cotton is currently trading at Rs. 162.90, down by 16.05 points or 8.97% from its previous closing of Rs. 178.95 on the BSE.
The scrip opened at Rs. 177.05 and has touched a high and low of Rs. 177.05 and Rs. 161.00 respectively. So far 101821 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 199.35 on 07-Nov-2024 and a 52 week low of Rs. 112.50 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 199.35 and Rs. 161.00 respectively. The current market cap of the company is Rs. 3773.18 crore.
The promoters holding in the company stood at 55.88%, while Institutions and Non-Institutions held 4.85% and 39.25% respectively.
Greaves Cotton has reported 68.75% fall in its net profit at Rs 38.56 crore for second quarter ended September 30, 2024 as compared to Rs 123.40 crore for the same quarter in the previous year. However, total income of the company increased by 2.19% at Rs 477.23 crore for Q2FY25 as compared to Rs 466.98 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported net loss at Rs 14.33 crore for Q2FY25 as compared to net loss of Rs 374.59 crore for the same quarter in the previous year. Total income of the company decreased by 3.10% at Rs 719.09 crore for Q2FY25 as compared to Rs 742.13 crore for the corresponding quarter previous year.
