Greaves Electric Mobility (GEMPL), the electric mobility segment of Greaves Cotton, today proudly announced the start of deliveries for the highly anticipated Nexus electric scooters, marking Ampere`s 16th anniversary. The deliveries will begin in Bangalore in the first week of June 2024.Ampere`s first high-performance family electric scooter, the Ampere Nexus` is designed, developed, and manufactured in India. The e-scooter boasts multiple innovations and classleading specifications. The phased delivery of Nexus scooters will continue throughout June, ensuring all booked customers receive their scooters promptly. Ampere started bookings of the Nexus at Rs 9,999 last month and has seen exceptional response from the customers.Powered by Capital Market - Live News

Greaves Cotton has allotted 43,334 equity shares under ESOP on 29 May 2024. Consequently, the paid up equity share capital has increased to Rs. 46,40,86,606/- comprising of 23,20,43,303 equity shares of face value of Rs. 2/- each.Powered by Capital Market - Live News

Net profit of Greaves Cotton declined 90.39% to Rs 2.56 crore in the quarter ended March 2024 as against Rs 26.65 crore during the previous quarter ended March 2023. Sales declined 18.67% to Rs 672.53 crore in the quarter ended March 2024 as against Rs 826.94 crore during the previous quarter ended March 2023.For the full year,net loss reported to Rs 135.27 crore in the year ended March 2024 as against net profit of Rs 78.03 crore during the previous year ended March 2023. Sales declined 2.45% to Rs 2633.19 crore in the year ended March 2024 as against Rs 2699.45 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales672.53826.94 -19 2633.192699.45 -2 OPM %3.535.70 -3.444.69 - PBDT34.0969.77 -51 146.12181.99 -20 PBT5.9154.57 -89 61.73125.31 -51 NP2.5626.65 -90 -135.2778.03 PL Powered by Capital Market - Live News

Greaves Cotton announced that the Board of Directors of the Company at its meeting held on 08 May 2024, has recommended a Final dividend of Rs.2 per share (i.e.100%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Greaves Cotton will hold a meeting of the Board of Directors of the Company on 8 May 2024.Powered by Capital Market - Live News