Greaves Cotton shares jump 11.6% after revenue growth report
In short
Greaves Cotton shares jumped as much as 11.6% after the company said revenue rose 44.2% year on year in the September quarter. Net profit fell 81% to ₹5 crore, helped down by exceptional expenses of ₹32.75 crore, while EBITDA rose 41% to ₹74 crore.
This matters because investors are reacting to strong sales growth even though profit was weak. The report does not say if the stock kept rising later in the day.
What the reporting says
Greaves Cotton shares rose as much as 11.6% after the company reported 44.2% year-on-year revenue growth in the September quarter. Net profit still fell 81% to ₹5 crore, partly because of exceptional expenses of ₹32.75 crore, while EBITDA increased 41% to ₹74 crore. The immediate market reaction was positive despite the profit drop, but the reporting does not say whether the rally held.
Why it matters
Greaves Cotton shares surged after the company reported 44.2% year-on-year revenue growth for the September quarter, even as net profit fell 81% to ₹5 crore. The fall in profit was partly linked to exceptional expenses of ₹32.75 crore, while EBITDA rose 41% to ₹74 crore. The reporting suggests investors focused on operating growth, but it does not explain the full valuation move.