Greaves Cotton on Wednesday reported a net loss of INR 22 crore in the first quarter ended on June 30th, 2021. The company reported INR 30 crore loss in the same quarter last year. In a statement to BSE, the company said its consolidated revenue grew by 47% at INR 229 crore in Q1 FY22 against INR 156 crore in Q1 FY21. The company said that new businesses continue to contribute higher in overall portfolio and stand at 29%. It also added that Ampere e2W has experienced growth with significant demand nationwide from consumers and new channel prospects. It has also seen significant traction with the non-automotive businesses. Nagesh A Basavanhalli, Group CEO and Managing Director, Greaves Cotton, said the company has been experiencing decent growth post unlock after the second wave, mainly because of the e-mobility and non-automotive business; the new businesses now contribute 29% of the overall business. “We have taken several steps to enhance the safety and well-being of our entire value chain. With strong fundamentals, we remain optimistic about the business growth in the upcoming period,” he added. The company has introduced new products into the marine and light construction equipment business, which are key sectors contributing significantly to the country’s overall economic growth and progress.