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MOTORINDIA
l
June 2012
65
Greaves relies on
innovative approach
Greaves Cotton Ltd. reported a
growth of 66 per cent in net profit
at Rs. 78 crores for the quarter
ended March 31, 2012, as against
Rs. 47 crores in the same period
last fiscal. Net sales for the period
stood Rs. 445 crores (Rs. 454
crores). The company declared a
final dividend of 10 per cent or
Rs. 0.20 on a face value Rs. 2.
With this, the total dividend for
the fiscal, including interim divi-
dend, stood at 110 per cent or Rs.
2.20. The EBIDTA margin for the
quarter stood at 13.5 per cent as
against 14.5 per cent reported in
the same quarter last year.
For the full year, the company
registered net sales of Rs. 1,753
crores (Rs. 1,600 crores). Net
profit for the year was at Rs. 185
crores (Rs. 155 crores), an in-
crease of 19.4 per cent. It reported
EPS of Rs. 7.60 (Rs. 6.35).
The company had an advan-
tage of exceptional income of
Rs. 43 crores during Q4 of FY
2011-12. This comprised profit
from sale of land and building at
Rs. 77 crores and provisions for
obsolescence of inventory and
diminution in value of investment
of Rs. 20 crores and Rs. 14 crores
respectively. The normalized
PAT (without exceptional item)
for Q4 and FY 2011-12 stood at
Rs. 37 crores and Rs. 144 crores
respectively.
Greaves Cotton endevours to
leverage its strengths in R&D and
product development to widen the
product range across businesses.
Backed by strong manufacturing
capabilities and well penetrated
distribution network, the compa-
ny is seeking a customer-centric
approach by providing best-in-
class quality and service levels to
customers.
Commenting on the company’s
performance during the year,
Mr. Sunil Pahilajani, Manag-
ing Director & CEO, said: “The
business environment has been
dynamic and has been constantly
evolving. We as a company have
invested significant efforts and
resources to streamline systems
and processes in order to help de-
liver efficient results. We believe
that this will help translate into
sustainable and profitable growth
for the organization. We remain
performance driven and are con-
fident that our focus on continued
improvements in products and
speed of response to the market
will lend itself to innovation and
value creation.”
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construction equipment
ing equipment. The complete range
of concrete equipment like transit
mixers, concrete pumps, batching
plants, etc., are manufactured at the
company’s ISO 9001 certified plants
at Gummidipoondi in Tamil Nadu.
The Division also manufactures
the complete range of compaction
equipment like vibratory soil com-
pactors, heavy tandem rollers and
light tandem rollers.
Greaves construction equipment
is mainly used for construction of
roads, bridges and buildings, as also
for ready mix concrete applications.
Greaves caters to the service and
spareparts requirement of customers
through its large network of quali-
fied and trained service engineers
located at various branches and
dealerships.
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