Greaves Cotton announced its unaudited financial results for the quarter ended September 30, 2026, reporting a consolidated revenue of ₹1,176 crore, a 44% increase year-on-year. Consolidated EBITDA grew by 43% YoY. The company’s core businesses demonstrated strong momentum with a 24% YoY growth in Q2 FY27. Greaves Electric Mobility (GEML) also saw significant consolidated revenue growth of 106% YoY.
Greaves Cotton Reports Strong Q2 FY27 Financial Performance
Greaves Cotton Limited has announced its unaudited financial results for the second quarter of the financial year 2027 (Q2 FY27), ending September 30, 2026. The company reported a robust consolidated revenue of ₹1,176 crore, marking a significant 44% year-on-year growth. For the first half of the fiscal year (H1 FY27), consolidated revenue stood at ₹2,150 crore, up 38% YoY.
EBITDA and Core Business Growth
Consolidated EBITDA witnessed a substantial increase of 43% YoY in Q2 FY27, reaching ₹73 crore, compared to ₹51 crore in the same period last year. H1 FY27 EBITDA was reported at ₹130 crore. The company’s Core Businesses demonstrated strong momentum, registering a 24% YoY growth in Q2 FY27 and 20% growth in H1 FY27. This growth was driven by continued performance across Energy Solutions, Mobility Solutions, and Industrial Solutions.
Greaves Electric Mobility (GEML) Performance
Greaves Electric Mobility Limited (GEML) delivered a strong growth performance, with consolidated revenue more than doubling to ₹410 crore in Q2 FY27, a 106% YoY growth compared to ₹199 crore in Q2 FY26. The business also saw a significant reduction in EBITDA losses, reflecting improved operating leverage. GEML experienced a 114% YoY growth in electric two-wheeler registrations and a 74% YoY growth in L5 three-wheeler registrations.
Standalone Financials and Product Launches
On a standalone basis, Greaves Cotton’s revenue for Q2 FY27 was ₹682 crore, up 24% YoY. H1 FY27 standalone revenue grew 20% YoY to ₹1,312 crore. The company also launched new products and variants, including the Ampere Nexus EX+ and Magnus G-Max electric scooters, and a 750 HP firefighting engine.
Management Commentary and Outlook
Parag Satpute, MD & Group CEO, highlighted the company’s disciplined execution across its diversified portfolio and progress on the GREAVES.NEXT strategy. The company remains focused on strengthening its Core Businesses, expanding customer reach, and enhancing its international market presence. Looking ahead, Greaves Cotton aims to prioritize margin recovery, operational excellence, and disciplined capital allocation to deliver sustainable long-term value.
Source: BSE
