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Greaves Cotton’s Q1 turnover at Rs. 412.3 cr

Greaves Cotton Limited, one of India’s leading engineering companies, reported revenue at Rs. 412.3 crore for the quarter ended June 30, 2013 as against Rs. 412.1 crore for the corresponding quarter last year. EBITDA was Rs. 49.5 crore as against Rs. 49.7 crore for the same period last year.  PAT amounted to Rs. 31.8 crore as against Rs. 31.6 crore for the same period last year.
Commenting on the results, Sunil Pahilajani, MD and CEO, said, “Despite a tough, 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.”

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