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Home arrow News arrow Business News arrow Greaves Cotton Engine segment shows impressive growth
Greaves Cotton Engine segment shows impressive growth Print E-mail
Written by Vivek   
Thursday, 29 April 2010
Mumbai: Greaves Cotton Limited has reported higher revenue at Rs. 358.01 Crores for the quarter ended 31st March 2010 as against Rs. 240.56 Crores for the corresponding quarter last year (an increase of 48.8%). The Profit After Tax (PAT) has increased to Rs. 33.61 Crores as against Rs. 14.37 Crores, for the corresponding quarter last year (a quantum growth of 133.9%).

The engine segment of the Company, where the Company has considerable technological strengths, continued to show good performance. The automotive sector grew well, as also the agro engines business.

The Company is aggressively promoting its new generation factory-built gensets among various target markets. Recent revival in the construction scenario is also expected to drive the Company's construction equipment business going forward.

The Company has declared third interim dividend of 20% equivalent to Rs. 2.00 per equity share, making the total interim dividend to Rs. 4.50 per share for the current financial year.

Financial performance for nine months ended 31st March 2010, has also shown significant growth both in turnover and profit after tax. While the turnover, at Rs. 999.51 Crores as against Rs.799.29 Crores for the corresponding period last year shows an increase of 25%, the PAT at Rs. 90.20 Crores as against Rs. 42.75 Crores, shows a growth of 111%.

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