Greaves Cotton has reported a strong performance for the quarter and financial year ended March 31, 2026. The company achieved a consolidated revenue of ₹1,000 crore in Q4 FY26, representing a 22% year-on-year growth. This momentum was supported by consistent execution and strategic focus across energy, mobility, and industrial business segments, with international business now contributing 13% to the company’s core revenue.
Financial Highlights
Greaves Cotton demonstrated robust growth in Q4 FY26, with consolidated revenue reaching ₹1,000 crore, a 22% increase compared to the previous year. For the full fiscal year FY26, consolidated revenue stood at ₹3,437 crore, up 18% year-on-year, accompanied by an expansion in operating PBT margins by 210 basis points.
On a standalone basis, the company reported ₹698 crore in revenue for Q4, marking a 22% growth. For the full year, standalone revenue reached ₹2,365 crore, with operating PBT margins expanding by 40 basis points.
Strategic Segment Performance
The company’s core segments delivered strong results driven by operational efficiency and demand:
- Energy Solutions: Revenue increased by 17% in Q4 and 20% for the full year, bolstered by a 35% growth in the aftermarket segment.
- Mobility Solutions: Recorded 20% growth in Q4 and 16% for FY26, supported by international demand for diesel engines and new product supplies in the SCV segment.
- Industrial Solutions: Grew by 15% in Q4 and 6% for the year, driven by the agri, firefighting, and defence sectors.
Electric Mobility and Finance Expansion
Greaves Electric Mobility saw 61,597 units registered in FY26, a 51% annual increase, capturing a 4.4% market share in the E-2W segment by the end of Q4. Additionally, Greaves Finance scaled its assets under management to over ₹521 crore, growing from ₹445 crore in December, supported by new OEM partnerships including Simple, Suzuki, and Ultraviolette.
Outlook for FY27
Looking ahead, the company is focused on sustaining its momentum by strengthening execution, enhancing margins, and building resilience. Management remains committed to disciplined capital allocation and scaling new opportunities while evaluating entry into strategic adjacencies to drive long-term stakeholder value.
Source: BSE
