The company clocked a 13 per cent increase in revenue for Q1 FY19 to Rs 458 crore as against Rs 406 crore in Q1 FY18 (GST comparable numbers). EBITDA for the quarter ended June 30, 2018 grew by 10 per cent to Rs 61 crore as against Rs 55 crore in the year-ago quarter. Profit before exceptional items and tax grew by 7 per cent to Rs 58 crore for the quarter ended June 30 against Rs 54 crore reported in the corresponding quarter last year.

Commenting on the results, Nagesh Basavanhalli, MD & CEO said "Our focus on our strategic plan has enabled us to maintain the growth momentum 5 quarters in a row. Through a focused approach on growth and cost rationalization we have been able to grow our EBIDTA, in spite of commodity prices inflation. We will continue to expand our business footprint, increase operational excellence and create value for our customers to drive sustainable growth in the future."

Greaves Cotton Limited, a Rs 1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in fuel agnostic powertrain solutions and services, farm equipment and Gensets.

The company sustains its leadership through six manufacturing units which produce world class products backed by comprehensive spares and service through its 5000 plus service outlets across India. It also manufactures approximately 400,000 engines annually at their plants in Pune, Aurangabad and Ranipet.