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Earnings Call

Greaves Cotton Earnings Call: Key Takeaways

Greaves Cotton reported record annual consolidated revenue of ₹3,437Cr in FY26, up 18% YoY. EBITDA grew 76% to ₹239Cr, driven by the GREAVES.NEXT strategy and strong performance in Energy and Mobility solutions.

Why this was an Alfa AlertNot a filter event. Performance was steady and in line with strategic targets, but no guidance beat exceeding 5% was explicitly stated.
Highlights
Revenue growth18% annual consolidated revenue growth.
MarginsImprovement in annual EBITDA margins; near-term pressure from input costs.
Order bookSingle largest institutional order of ₹35Cr in Energy Solutions.
Demand visibilityStrong domestic demand for diesel engines and gensets.
Management confidenceHigh; cited record 10-year high revenue and successful execution.

Growth

FY26 Consolidated Revenue up 18% (₹3,437Cr); EBITDA up 76% (₹239Cr); Q4 Revenue up 22% (₹1,000Cr); Q4 EBITDA up 49% (₹68Cr).

Outlook

Targeting 16-18% organic growth in core business; EBITDA margins 13-15%; planned CAPEX of ₹500-700Cr over 4-5 years.

Risks

Rising commodity prices (aluminum, copper, platinum) impacting margins; EV business losses; volatile geopolitical situation delaying EV IPO.

Source

Earnings Call filed with BSE, NSE: GREAVESCOT. Summary written with AI assistance from the document.

Read the document ↗

Greaves Cotton Ltd: key numbers

Share price
₹234.78
Market cap
₹5,469 Cr
Revenue (annual)
₹3,437 Cr
Net profit (annual)
₹107.1 Cr
P/E (TTM)
54.8×Sector 33.6×
Promoter holding
55.77%-0.01% QoQ
FII holding
1.35%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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India Ratings affirmed Greaves Cotton's long-term issuer rating at 'IND AA-/Stable'. The agency also assigned/affirmed ratings for bank loan facilities aggregating Rs. 203 Crore.

Value
₹203.0 Cr