Greaves Cotton Q4 PAT up 12% at Rs 38.5 crore

MUMBAI: Engineering company Greaves Cotton has posted a growth of 12 per cent in profit after tax ( PAT) on a standalone basis at Rs 38.5 crore in the quarter ended March 31, compared to the same period last year.

The PAT for Q4 of FY13 stood at Rs 34.36 crore, Greaves Cotton said in a release today.

The company reported a 11.3 per cent growth in revenue at Rs 495.8 crore, as against Rs 445.4 crore for the corresponding period last year.

"We are confident that clear focus on our multi- dimensional growth strategy through expansion of product portfolio, expansion of markets and expansion of geographies will translate into sustainable and profitable growth. As a company we have invested significant efforts and resources to streamline systems and processes, both internally and externally," Greaves Cotton Managing Director and CEO Sunil Pahilajani said.

For the full year, the company's net profit for the year was at Rs 138 crore as against Rs 185.5 crore, while its net sales registered a growth of 6.8 per cent at Rs 1,873.3 crore against Rs 1,753.4 crore during the year-ago period.