Q3FY25 updates
- Total revenue increased significantly from Rs. 1,090 crore in 9MFY22 to Rs. 2,096 crore in 9MFY25.
- Greaves Engine : Slight decrease in share from 46% (9MFY22) to 45% (9MFY25), but it remains the largest contributor to revenue.
- Greaves Retail: Revenue contribution declined from 28% to 22%, indicating a shift away from retail dependence.
- E-Mobility: Reduced contribution from 26% to 23%, reflecting market adjustments or competition in this segment.
- Excel: Added as a new contributor with 9% share in 9MFY25, indicating diversification into new areas.
- Expansion into new business areas (Excel and Others) reduces reliance on core engine and retail segments, ensuring diversification in revenues.
- Non-automotive applications continue to dominate there revenue growth
- Energy Solutions achieved approximately 20% QoQ growth, driven by strong acceptance of the CPCB IV+ range and ongoing network expansion.
- There market share has increased from under 3% to around 4% this quarter. Gained market share in Genset segment
- Exports constituted ~10% of the revenues in Q3FY25. they have established collaborations with alliance partners across EU, USA, key economies in Africa and the Middle East.
- Targeting exports ~20% of revenue, with a focus on the USA, Middle East, and Africa. Building alliances in Africa, the Middle East, and SAARC.
Excel Business(motion control systems,cables etc.)
- Exports constituted 28% of revenue in Q3 FY25.
- New products comprise about 20% of Excel’s product portfolio, and efforts are underway to expand the product footprint further.
Greaves Retail
- Focus on digitization and leveraging the entire vehicle ownership lifecycle – sales, financing, servicing, insurance, buy-back, and resale—using data across the group to enhance our USP and drive revenue and margins
- Actively exploring new markets and strengthening the distribution network.
- Spares and services contributes 75% while 14% from EV components. Both segments expected to maintain strong momentum.
- Auto Aftermarket: Optimized distribution network by onboarding new distributors in East & North India, phasing out underperforming ones.
- Non-Auto: Partnered with a leading battery player for Telecom Biz.
- New introductions: Launched construction equipment at BAUMA CONEXPO India 2024, receiving strong market attention.
Electric Mobility
- Market share at 10%+ in Tamil Nadu & Bihar
- YTD December volumes 17% higher than full year FY24 volumes.
- L5 Diesel market share at 3.7%, with 10%+ market share in Tamil Nadu and 5%+ market share in Kerala & Karnataka.
- Regained #5 ranking for E2W as per VAHAN, for Dec 2024.
- 57 new dealers added across brands. Addition of 24 dealers in Ampere, 16 in ELE and 17 in Greaves 3W, during Q3 FY25.
- Filed DRHP for GEML’s proposed IPO in December 2024. GEML proposes to utilize the proceeds for investment in technology development, enhancing capabilities at its technology centre, development of in-house battery assembly, funding expansion of manufacturing capacities of its subsidiaries, increasing its stake in one of the subsidiaries, increasing digitization and deployment of information technology infrastructure, funding inorganic growth opportunities and general corporate purposes.
Greaves Finance
- Revenue growth of 160% since March 2024 and 350% year-over-year in Q3 FY 2025
- No. of Loans : 339% growth (Q3FY25 v/s Q3FY24).
- Active in 47 cities (v/s 28 in Dec-23) with partnerships with 9 OEMs.
- Collaborations with Eqaro, Ola, Hero Vida, BGauss, InsuranceDekho (Heph), and Global Assure in Q3.