Profit before exceptional items and tax grew by 11% to Rs. 72 crore for the quarter ended September 30th, 2018 as against Rs. 65 crore reported in the corresponding quarter last year. Profit after tax at Rs. 49 crore in Q2 FY19 (no exceptional income) against Rs. 49 crore in Q2 FY18 which includes income from exceptional item, Rs 4 crore net of taxes.

Commenting on the results, Nagesh Basavanhalli, MD & CEO said "Our H1 FY19 results continue to show a positive trend despite macro-economic challenges. This quarter saw us achieving key milestones- the acquisition of Ampere Vehicles in the affordable personal mobility segment and the ramp up of Greaves Care to 100 stores to further strengthen our nationwide service and retail footprint, backed by our strong reach of 5000+ aftermarket outlets across India."

END