Greaves Cotton reported a 31% year-on-year increase in consolidated revenue for the first quarter of FY27, reaching INR975 crores. Core businesses grew 16%, driven by Energy, Mobility, and Industrial solutions. The company highlighted strategic investments in future-ready technologies and international expansion as part of its Greaves.Next strategy, alongside disciplined cost management to address margin pressures.
Greaves Cotton Reports Strong Q1 FY27 Performance
Greaves Cotton announced robust financial results for the first quarter of FY27, with consolidated revenues climbing 31% year-on-year to INR975 crores. The company’s core businesses demonstrated significant strength, achieving a 16% growth and contributing INR710 crores in revenue. This performance was bolstered by healthy demand across both its core and investee businesses, underscoring the effectiveness of its strategic initiatives.
Segmental Highlights and Strategic Initiatives
The company’s strategy, branded as Greaves.Next, continues to progress well, focusing on strengthening core businesses, expanding international presence, and building organizational capabilities. Key business segments reported notable performance:
Energy Solutions
This segment maintained strong growth momentum, delivering a 21% year-on-year increase. The medium horsepower genset business was a standout performer, growing by 32% year-on-year, supported by demand in industrial and commercial applications. Greaves also successfully executed a large institutional order and commissioned a pilot Battery Energy Storage System (BESS) facility.
Mobility Solutions
The Mobility Solutions segment, which includes automotive engines, aftermarket retail, and engineered components, achieved an 18% year-on-year growth. The automotive engine business saw a strong 36% year-on-year growth. Greaves Electric Mobility (GEML) reported a record volume growth of 101% quarter-on-quarter and a 35% year-on-year growth in its 3-wheeler business.
Industrial Solutions
This segment delivered a stable performance with revenues largely flat year-on-year. Adjusting for portfolio rationalization, the business grew by 9%. Greaves commenced exports of FM-UL compliant firefighting engines and completed a large defence order.
Margin Management and Capital Allocation
While revenue growth was strong, margins were impacted by purposeful investments in people, technology, and SG&A as part of the Greaves.Next strategy, along with increased commodity prices. The company has implemented a structured cost control program and taken pricing actions to mitigate these pressures, expecting improvements from Q2 FY27. Greaves Cotton also announced capital allocations, including a INR331 crore subscription to Greaves Electric Mobility’s rights issue and an additional INR50 crore investment in Greaves Finance Limited.
Future Outlook
Greaves Cotton remains focused on disciplined execution, operational excellence, and long-term value creation. The company is optimistic about future growth opportunities across its segments and continues to strengthen its position in India’s evolving electric mobility landscape.
Source: BSE
