Greaves Cotton reported robust Q3 & 9M FY26 performance, driven by strong execution across businesses. Consolidated revenue increased by 17% year-on-year to ₹875 crore in Q3 FY26. EBITDA stood at ₹62 crore, up by 57%, and PBT at ₹37 crore. The company plans an outlay of ₹500-700 crore to build core capabilities and support new products.
Financial Highlights
Greaves Cotton Limited reported strong performance for the quarter and nine months ended December 31, 2025.
Consolidated revenue for Q3 FY26 increased by 17% year-on-year to ₹875 crore, with EBITDA of ₹62 crore, a 57% increase, and PBT of ₹37 crore. For 9M FY26, consolidated revenue reached ₹2436 crore, a 16% year-on-year rise, with EBITDA of ₹171 crore and PBT of ₹111 crore.
Standalone revenue for Q3 FY26 was reported at ₹575 crore, with EBITDA of ₹78 crore and PBT of ₹74 crore. Standalone revenue grew by 14% year-on-year, while EBITDA increased by 18% year-on-year.
For 9M FY26, standalone revenue stood at ₹1667 crore, with EBITDA of ₹232 crore and PBT of ₹226 crore, a 33% year-on-year growth in PBT.
Business Segment Performance
Energy Solutions revenue increased by 21% year-on-year in 9M FY26 and 6% year-on-year for Q3 FY26. The spares and service segment experienced significant growth of 40% year-on-year for the same period.
Mobility Solutions delivered 15% year-on-year revenue growth in 9M FY26 and 18% for Q3 FY26.
International Business accounted for 14% of revenues in 9M FY26.
Investments and Expansion
The company plans to invest between ₹500-700 crore to strengthen core capabilities and support new product development.
GEML – VAHAN volumes for E-2W increased 40% quarter-on-quarter in Q3 FY26 to over 18k units.
GFL – Expanded to 74 locations, serving over 51,000 customers with AUM at approximately ₹445 crore as of December 31st.
Source: BSE
