Greaves Cotton Limited has reported strong financial results for the fiscal year 2026, achieving a consolidated revenue of ₹3,437 crore, reflecting an 18% year-on-year growth. The company has successfully executed its ‘GREAVES.NEXT’ strategy, pivoting toward being a future-ready engineering solutions provider. Key growth drivers included double-digit revenue expansion across its Energy, Mobility, and Industrial solutions segments, bolstered by a 13% contribution from international business and consistent market share gains in its electric vehicle division.
Strong Financial Performance
For the full fiscal year 2026, Greaves Cotton Limited reported a consolidated revenue of ₹3,437 crore, a significant increase from ₹2,918 crore in the previous year. The company’s EBITDA for the year rose to ₹239 crore, marking a 76% growth compared to FY25. Quarterly performance in Q4 FY26 also remained robust, with consolidated revenue reaching ₹1,000 crore, up 22% year-on-year.
Strategic Segment Growth
The company’s performance was driven by three primary business pillars:
- Energy Solutions: Achieved 20% growth in FY26, with the spares and service business outperforming at 35% growth.
- Mobility Solutions: Recorded 16% growth in revenue, reaching ₹1,584 crore, supported by a 48% YoY growth in auto engines during Q4.
- Industrial Solutions: Delivered 6% growth for the full year, with a strong Q4 performance showing 15% YoY and 25% QoQ growth.
Electric Mobility and Future Outlook
The investee business, Greaves Electric Mobility Ltd (GEML), continues to gain momentum in the electric two-wheeler market, with market share expanding from 3.6% in FY25 to 4.4% in FY26. The Ampere Nexus was awarded the Electric Scooter of the Year 2026, reflecting the company’s focus on innovation. Looking ahead, Greaves has outlined a prudent investment plan of ₹500–700 crore, aiming for a 16-20% CAGR and targeting EBITDA margins in the range of 13-15%.
Source: BSE
