Stock Crash: Greaves Cotton shares tank 15% after weak Q1 results; Margins under pressure

Greaves Cotton shares fell over 15% on Tuesday, August 4, after the company reported weak Q1 results. While revenue increased, net profit dropped 22% to ₹25.8 crore. This marks the biggest single-day fall for the stock since March 17, 2020. Margins also fell to 5.8% from 7.6% last year.