Greaves Cotton Limited announced its financial results for the first quarter of FY27, reporting a consolidated revenue of ₹974 crore, marking a substantial 31% year-on-year growth. The company’s performance was driven by disciplined execution across its diversified businesses and strategic investments, including the establishment of a new international subsidiary in Dubai, UAE. Standalone revenue also saw a healthy increase of 16% YoY.
Greaves Cotton Reports Strong Q1 FY27 Performance
Greaves Cotton Limited, a prominent Indian diversified engineering company, has announced its financial results for the quarter ended June 30, 2026. The company reported a consolidated revenue of ₹974 crore, representing a significant 31% year-on-year increase. This robust growth underscores the effectiveness of its ‘Greaves.Next’ strategy, which focuses on strengthening core businesses, expanding international presence, and making strategic investments for future growth.
Financial Highlights: Consolidated and Standalone
On a consolidated basis, the company achieved a revenue of ₹974 crore for Q1 FY27, with EBITDA standing at ₹56 crore and Operating Profit Before Tax (PBT) at ₹27 crore. The standalone revenue for the same period was ₹629 crore, up 16% year-on-year, with EBITDA at ₹71 crore and Operating PBT at ₹67 crore.
Key Business Developments and Strategic Initiatives
During the quarter, Greaves Cotton strengthened its international footprint with the incorporation of Greaves International Trading FZE in Dubai, UAE, establishing a regional hub for enhanced customer engagement and distribution. The company also reaffirmed its commitment to future-ready businesses through investments in Greaves Electric Mobility, subscribing to its rights issue of approximately ₹331 crore. Furthermore, Greaves Finance expanded its Assets Under Management to cross ₹560 crore.
Business Segment Performance
Energy Solutions
This segment reported a revenue growth of 21% YoY, driven by strong demand in infrastructure, manufacturing, and industrial applications. Domestic sales of the Medium Horsepower (MHP) genset portfolio grew by 32% YoY.
Mobility Solutions
The Mobility Solutions business saw an 18% year-on-year revenue growth. Automotive engines experienced robust growth of 36% YoY, and Engineered Components grew by 14% YoY, supported by healthy domestic demand and export momentum. Greaves Electric Mobility’s electric two-wheeler volumes more than doubled, growing 101% year-on-year, increasing market share to 5.6%.
Industrial Solutions
This segment witnessed sustained demand across defence, marine, and agriculture applications, indicating strengthened engagement with OEM customers.
Management Commentary
Parag Satpute, MD & Group CEO of Greaves Cotton Limited, commented, “We have begun FY27 on a strong note, delivering a solid performance on the back of disciplined execution across our businesses, while strengthening our strategic foundations under Greaves.Next. During the quarter, we expanded our international footprint with the establishment of a subsidiary in Dubai, UAE, enhanced our manufacturing capabilities through advanced automation, and continued to grow across our domestic and international businesses despite commodity price and supply chain pressures.” He added, “We also reaffirmed our commitment to future-ready businesses through investments in Greaves Electric Mobility and Greaves Finance. Supported by a strong balance sheet, we are well positioned to drive organic growth, invest in our portfolio companies, and capitalise on emerging growth opportunities.”
Source: BSE
