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Greaves Cotton posted a 13 per cent dip in net profit at Rs 34 crore (Rs 39 crore) for the quarter ended September 30. Revenues were up marginally at Rs 450 crore (Rs 440 crore). Sunil Pahilajani, Managing Director, said: “The slow but optimistic developments in the automotive sector have been reflective in our engines sales and have contributed to a marginal increase in top line. We have embarked on certain initiatives towards costs optimisation which are slowly delivering results.”
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