Greaves Cotton FY'26 Revenue Up 18% to ₹3,437 Crore; Q4 Revenue at ₹1,000 Crore, Up 22%
Greaves Cotton's FY'26 consolidated revenue rose 18% to ₹3,437 crore. Q4 consolidated revenue increased 22% to ₹1,000 crore. EBITDA for the year was ₹239 crore, with PBT at ₹154 crore. Greaves Electric Mobility's FY'26 revenue reached ₹786 crore, up 19%. The earnings call, which reviewed these results, occurred on May 6, 2026.
The strong financial results, strategic initiatives, and leadership changes indicate a positive outlook for the company, which is likely to have a significant impact on investor confidence and market perception.
The announcement highlights strong financial performance with significant revenue growth and improved profitability, along with strategic advancements across different business segments.
Greaves Cotton Limited announced the transcript of the earnings call for the quarter and financial year ended 31st March 2026. The transcript is available on the company's website under the 'Investors' section. The earnings call took place on 6th May 2026, with key management personnel including Mr. Parag Satpute, MD & Group CEO; Mr. Vikas Singh, MD, Greaves Electric Mobility Limited; and Mr. Manish Poddar, Group CFO.
Mr. Parag Satpute mentioned that Greaves Cotton delivered a steady performance in Q4 FY'26, with a 22% year-on-year revenue growth at a consolidated level, along with improved profitability. The company recorded its highest annual revenue on both consolidated and standalone bases in the last 10 years. The Energy Solutions business grew by 18% in Q4, with the aftermarket business growing by 23%. The company also secured its single largest institutional order worth ₹35 crore. For the full year FY'26, the Energy Solutions business delivered a 20% year-on-year growth, with the aftermarket segment growing by 35%. The automotive business delivered a 48% year-on-year growth in Quarter 4. Overall, Mobility Solutions delivered a 16% year-on-year growth for FY'26. The international revenues increased from approximately 9% in FY'25 to 13% of the total in FY'26.
Mr. Vikas Singh reported that Greaves Electric Mobility had its strongest quarter yet in Quarter 4. Full Year '26 saw a volume growth of 51% year-on-year, with market share expanding from 3.6% in Full Year '25 to 4.4% in Year '26. Full year '26 revenue stood at ₹786 crore, up 19% year-on-year. L5 volumes grew 17% year-on-year in full year '26, and recorded a 31% year-on-year growth in Quarter 4 '26.
Mr. Manish Poddar reported that consolidated revenues for Q4 stood at ₹1,000 crore with an EBITDA of ₹68 crore and PBT before exceptional items at ₹44 crore. For the full year, consolidated revenues were ₹3,437 crore, reflecting an 18% growth year-on-year, with EBITDA at ₹239 crore and PBT before exceptional items at ₹154 crore. Standalone revenues for Q4 stood at ₹698 crore, with EBITDA and PBT before exceptional items both at ₹87 crore. For FY'26, standalone revenue stood at ₹2,365 crore, with an EBITDA of ₹320 crore, and PBT before exceptional items at ₹312 crore. The total asset under management for Greaves Finance Limited stood at ₹521 crore as of March '26.
Mr. Parag Satpute mentioned that the company is focused on execution, discipline, profitable growth, and strong cash generation and remains confident in sustaining its growth momentum. The company is closely monitoring the evolving macroeconomic environment and will act with agility to mitigate any potential headwinds.
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Greaves Cotton Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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