Greaves Cotton Q1 FY26 Revenue Rises 22% YoY to ₹541 Cr; Consolidated Revenue at ₹745 Cr

Bengaluru, July 30, 2025 — Greaves Cotton Limited (NSE: GREAVESCOT, BSE: 501455) has announced its unaudited financial results for the quarter ended June 30, 2025, reporting strong year-on-year growth across key segments, including engineering and electric mobility.

The consolidated net profit of ₹20.85 crore for the quarter ended June 30, 2025, compared to a net loss of ₹16 lakhs in the same quarter last year. The board also approved the appointment of Mr. Jehangir Ardeshir as an Additional Director and noted the resignation of Mr. Firdose Vandrevala as an Independent Director.

Greaves Cotton Limited Share Price Performance

The share price of the company closed at ₹212.11, up 6.64% from its previous close of ₹198.90. The share price opened at ₹199.90 and traded between ₹197.20 and ₹215.90, while the 52-week high is recorded at ₹319.50. With a market cap of ₹4630, the P/E ratio of the company stood at 3.29 compared with the industry average of 36.03.

Financial Highlights (Q1 FY26)

Greaves Cotton posted a Q1 FY26 standalone income of 541 crores with a year-to-year growth of 22% and an EBITDA of 76 crores, or 51%. The consolidated revenue was 745 crore with consolidated PBT of 44 crore. The margin of EBITDA rose by 270 basis points. The company attributed its good standalone results to improved efficiencies in its operations, product mix diversification and demand strength in its business segments.

Segmental Insights

Its Engineering Division has recorded 30% YoY revenue growth in Q1 FY26, and this was attributable to a 46% and 30% rise in automotive engine sales and genset sales, respectively. The 19 per cent growth in non-automotive revenue was also observed. The Electric Mobility segment (GEML) has seen a 39 per cent increase to 137 crore, driven by the robust demand for the Magnus Neo electric two-wheeler. The combined revenue of GCL and Excel was 601 crores, with an EBITDA of 91 crores.

Management Statement

Parag Satpute, MD and Group CEO, stated, “Our Q1 FY26 results highlight the strength of our diversified and resilient business model and our unwavering commitment to operational excellence. Our core business continued to be strong & growing with engines & gensets doing well. Exports continue to be a growing contributor, making up for 14% of our revenues in this quarter.”

Sustainability Initiatives

Greaves Cotton reported that its four solar plants in Chhatrapati Sambhajinagar generate 5.1 million units of clean energy annually. The company also reduces energy usage through the recycling of aluminium scrap briquettes.

Appointment and Resignation of Directors

The Board of Directors has approved the appointment of Mr. Jehangir Ardeshir as an Additional Director (Non-Executive, Independent Director) for a term of five years, starting from August 1, 2025, subject to shareholders ‘ approval. Additionally, Mr. Firdose Vandrevala has resigned from his position as an Independent Director, effective at the close of business on October 14, 2025.

Company Background

Greaves Cotton Limited is an inclusive engineering company with a history spanning 165 years. It trades under five separate teams, which are Greaves Engineering, Electric Mobility, Retail, Finance and Technologies. Greaves Electric Mobility Ltd (GEML), a subsidiary, has filed a Draft Red Herring Prospectus (DRHP) dated December 23, 2024, with SEBI. The proposed IPO is pending market conditions and approval.

REF:  https://nsearchives.nseindia.com/corporate/GREAVESCOT_30072025163041_SE_Intimation_-_Press_Release_signed.pdf

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