Greaves Cotton Limited has reported a strong financial performance for Q1 FY26, reflecting its strategic resilience and ability to deliver consistent growth in a dynamic market environment.
In the quarter ended June 30, 2025, the company achieved standalone revenue of ₹541 crore and EBITDA of ₹76 crore, with Profit Before Tax (PBT) also at ₹76 crore. Standalone revenue rose 22% YoY, EBITDA increased by 51%, and margins improved by 270 basis points—driven by streamlined operations, enhanced product mix, and consistent market traction.
Consolidated revenue stood at ₹745 crore, with EBITDA of ₹57 crore and PBT of ₹44 crore—supported by strong performance across business verticals.
Commenting on the results, Mr. Parag Satpute, MD & Group CEO, Greaves Cotton Limited, said:
“Our Q1 FY26 results highlight the strength of our diversified and resilient business model and our unwavering commitment to operational excellence. Our core businesses—engines and gensets—continue to deliver strong performance. Exports made up 14% of our revenue this quarter and remain a growing contributor. We continue to cater to critical sectors such as automotive, marine, agriculture, construction, and firefighting through our versatile, fuel-agnostic engines, while our genset solutions support diverse applications across residential, commercial, hospitality, BFSI, education, and more. We remain committed to addressing evolving customer needs with sustainable, future-ready solutions.”
Key Segment Highlights:
- GCL Standalone reported 22% YoY revenue growth, driven by deeper market penetration, innovation, and strong after-sales service.
- Engineering division posted broad-based growth, with automotive engines rising 46% YoY and non-automotive segments up 19% YoY, led by a 30% increase in genset sales.
- Exports of Euro V+ engines and CPCB IV+ compliant gensets remained robust.
- Combined revenue from GCL and Excel reached ₹601 crore, with EBITDA of ₹91 crore—reflecting success in application engineering and product diversification.
- Greaves Electric Mobility (GEML) contributed ₹137 crore to consolidated revenue, driven by continued market traction of the Magnus EX, which has seen strong customer acceptance.
Looking ahead, Greaves Cotton is focused on leveraging growth opportunities in engineering applications and mobility solutions. With strategic investments in R&D, digital transformation, and global expansion, the company is well-positioned for long-term growth.
Sustainability continues to be a key pillar of Greaves Cotton’s strategy. Its four solar power plants in Chhatrapati Sambhajinagar (Aurangabad) generate 5.1 million units of clean energy annually. Additionally, the company reduces energy consumption in aluminium processing by recycling and reusing aluminium scrap briquettes, aligned with its goal of zero liquid discharge.