Motilal Oswal
    NIFTY 50
Motilal Oswal

Greaves Cotton to keep growth momentum intact, says will focus on operational efficiency

Updated : February 06, 2019 04:10 PM IST

Engineering company Greaves Cotton on Wednesday said it will keep the growth momentum intact and will focus on operational efficiencies to mitigate the impact of commodity pressure.

"Growth momentum was largely backed by our strategic plan and by new businesses. We are pushing all levers to make sure that momentum does not slip,” said Nagesh Basavanhalli, MD and CEO, Greaves Cotton.

Operational efficiencies helped mitigate the impact of higher commodity costs, he said, adding that it will continue for two more quarters but there is an improvement in some categories.

The company on Wednesday reported revenue growth of 13 percent to Rs 506 crore for the quarter ended December 31, 2018, as against Rs 447 crore in the year-ago quarter.

EBITDA for the quarter under review grew by 14 percent to Rs 71 crore.
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