| Management target | Revenue 18.0% Next few years |
|---|
| Revenue growth | Strong 31% YoY growth; EV segment revenue doubled reaching ₹270 Cr. |
|---|---|
| Margins | Under pressure (2-2.5%) due to R&D investments and West Asia geopolitical costs. |
| Order book | Large institutional order for gensets successfully executed during the quarter. |
| Demand visibility | Strong demand in 3-wheelers, gensets, and industrial firefighting applications. |
| Management confidence | Confident in long-term transition but acknowledged temporary near-term margin pressures. |
Growth
Revenue grew 31% YoY to ₹975 Cr; Core business grew 16%, while EV segment doubled volumes.
Outlook
Management aims for 16-20% CAGR over next few years; EBITDA recovery expected in H2 FY27.
Risks
Significant margin pressure from input costs and aggressive SG&A spend; continued cash burn in electric mobility.
Last quarter's promises, checked
Delivered
- Guided 16-18% core growth → delivered 22% (= BEAT)
- Guided 100% Excel holding by Q2 → 20% acquisition planned for Q2 (= BEAT)
- Guided 500-700Cr Capex over 5 years → 30-35Cr spent in FY26 (= BEAT)
Partly delivered
- Guided international revenue expansion → increased from 9% to 13% (= PARTIAL)
Missed
- Guided 13-15% EBITDA margin → delivered 6.8% consolidated (= MISS)
Earnings Call Transcript filed with NSE, NSE: GREAVESCOT. Summary written with AI assistance from the document.
Greaves Cotton Ltd: key numbers
- Share price
- ₹221.82
- Market cap
- ₹5,167 Cr
- Revenue (annual)
- ₹3,437 Cr
- Net profit (annual)
- ₹107.1 Cr
- P/E (TTM)
- 65.7×Sector 32.5×
- Promoter holding
- 55.77%+0.00% QoQ
- FII holding
- 1.92%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 Earnings Call Transcript: Key Takeaways
Greaves Cotton reported strong revenue growth but significant margin pressure from persistent input cost inflation. Profitability was hit by non-recurring impairment charges and accelerated amortization.
Greaves Cotton Results Update
Greaves Cotton issued a Q2 FY27 press release reporting strong consolidated revenue and EBITDA growth. Core and electric mobility investee GEML drove the gains.
Greaves Cotton Investor Presentation: Key Takeaways
Q2 FY27 consolidated revenue up 44% YoY; core revenue ₹768 Cr (+24%) with EBITDA margin down to 11.5% from 14.8%. GEML revenue ₹410 Cr (+106%), EBITDA loss narrowed to ₹24 Cr.
Greaves Cotton Board Meeting Outcome
Greaves Cotton confirmed its Board met on October 29, 2026, on unaudited half-year results. No new financial figures are disclosed in this filing.
Greaves Cotton Q2 FY27 Results: Net Loss of ₹29.8 Cr
Greaves Cotton Ltd approved its standalone and consolidated unaudited results for the quarter and half year ended 30 September 2026. The Board endorsed the figures reviewed by the Audit Committee and the statutory auditors.
- Key figure
- Net loss ₹29.8 Cr
Greaves Cotton Board Meeting Date
Greaves Cotton Limited has scheduled a board meeting for 29th October, 2026, to consider and approve its unaudited financial results for the quarter and half-year ended September 2026.