Greaves Cotton said for the year ended FY18, it recorded 12 percent rise in its profit after tax to Rs 203 crore as compared to Rs 181 crore previous year.
Greaves Cotton share price gained more than 2 percent after the company reported a 20.8 percent growth year-on-year in net profit at Rs 56.6 crore on strong revenue and operational performance.
Profit in same quarter last fiscal stood at Rs 46.9 crore.
Revenue from operations increased 24.4 percent to Rs 486.2 crore for the quarter compared to Rs 390.7 crore in corresponding period last year, the engineering company said in its filing.
"Double digit top line and bottom line growth is the result of a focused approach towards improving the quality of services and solutions to customers, expanding business footprint, cost rationalisation and building a strong leadership team," Nagesh Basavanhalli, MD & CEO said.
Operating profit (EBITDA or earnings before interest, tax, depreciation and amortisation) grew by 30.9 percent year-on-year to Rs 69.8 crore and margin expanded 70 basis points to 14.4 percent for the quarter ended March 2018.
Greaves Cotton said for the year ended FY18, it recorded 12 percent rise in its profit after tax to Rs 203 crore as compared to Rs 181 crore previous year. Net sales for the same period grew by 10 percent to Rs 1,792 crore YoY, it added.
At 13:20 hours IST, the stock price was quoting at Rs 125.50, up Rs 0.70, or 0.56 percent on the BSE.