"We had laid out a strategic business plan and as part of this, we are on target," said Nagesh Basavanhalli, Managing Director and Chief Executive Officer, Greaves Cotton.
“24% quarter on quarter growth and then for the full year fiscal, we are plus 10%. Some of our key initiatives in mobility, farm and energy as well as after-market services are, getting into the next gear. We are also seeing new initiatives kick into the next level," he said.
Basavanhalli said, "We did see revenue grow up by 24% on a Q4 FY18 against Q4 FY17 and profit after tax (PAT) was up plus 21% and EBITDA was up plus 30%."
“We have seen growth in every one of the four quarters. The leadership team is in place right now and they are executing to the strategic business plan and we are looking forward to the next several quarters,” he added.