| Revenue growth | 31% YoY consolidated growth. |
|---|---|
| Margins | Pressure from commodity costs; Core EBITDA margin at 12.6%. |
| Order book | New OEM orders from CAT (UK) and TAFE. |
| Demand visibility | Strong domestic demand across all customer segments. |
| Management confidence | High, citing strong domestic demand and EV momentum. |
Growth
Consolidated revenue grew 31%; Core businesses up 16% YoY; GEML (EV) revenue surged 97% YoY.
Outlook
Focus on Greaves.Next strategy, international expansion (13% revenue share), and scaling the EV ecosystem.
Risks
EBITDA margins declined to 5.8% from 7.6% due to higher commodity costs and capability investments.
Last quarter's promises, checked
Delivered
- Midterm core growth 16-18% → delivered 16% (= BEAT)
- Acquisition of 100% Excel by Q2 → delivered 100% (= BEAT)
- Consolidated revenue growth → delivered 31% YoY (= BEAT)
Partly delivered
- International revenue share expansion → delivered 13% share (= PARTIAL)
Missed
- Core EBITDA margin 13-15% → delivered 12.6% (= MISS)
Investor Presentation filed with BSE, NSE: GREAVESCOT. Summary written with AI assistance from 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.
More from Greaves Cotton Ltd
All →Greaves Cotton Business Update
GEML's Ampere Magnus GMax begins a ~4,000 km cross-India endurance ride for World EV Day 2026. The marketing event tests the scooter across 8 states.
Greaves Cotton Product Launch
Greaves Cotton unveiled its 12V15 750 HP Fire Fighting Engine at FSIE Expo 2026. The launch strengthens its Industrial Solutions portfolio for high-performance applications.
Greaves Cotton Credit Rating
India Ratings has reaffirmed the 'IND AA-' rating for Greaves Cotton Ltd, with a stable outlook. This credit rating maintains existing financial oversight for investors.
Greaves Cotton Credit Rating
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
Greaves Cotton Earnings Call Transcript: Key Takeaways
Greaves Cotton delivered strong revenue growth of 31% YoY, but margins faced severe contraction due to intentional investments and rising commodity costs. The core business is pivoting from internal combustion towards electric mobility and international expansion.
- Call
- Guides 18% growth
Greaves Cotton Q1 FY27 Results: Net Profit ₹6.2 Cr, Down 70.3% YoY
Greaves Cotton Ltd reported revenue from operations of ₹974.1 Cr (+30.7% YoY) and net profit of ₹6.2 Cr (-70.3% YoY) for Q1 FY27.
- Key figure
- Net profit ₹6.2 Cr · -70.3% YoY