Greaves Cotton Q1 FY27 Revenue Surges 31% YoY to ₹974 Crore; Expands Global Footprint
Greaves Cotton reported Q1 FY27 consolidated revenue of ₹974 crore, up 31% YoY, and standalone revenue of ₹629 crore, up 16% YoY. The company expanded its international footprint by establishing Greaves International Trading FZE in Dubai. Greaves Electric Mobility's two-wheeler volumes doubled YoY, and its market share rose to 5.6%.
The substantial revenue growth, international expansion, and positive performance in key business segments like electric mobility indicate a significant positive impact on the company's financial standing and future prospects.
The company reported significant year-on-year growth in both consolidated and standalone revenues, along with strategic international expansion and strong performance in its electric mobility segment. Management commentary expresses confidence in future growth.
Greaves Cotton Limited announced its financial results for the quarter ended June 30, 2026, reporting a steady performance across its diversified businesses. The company continued to execute its Greaves.Next strategy, focusing on strengthening core businesses, expanding its international footprint, and making strategic investments for future growth.
Consolidated figures for Q1 FY27 show a revenue of ₹974 crore, marking a 31% year-on-year increase. EBITDA stood at ₹56 crore, and operating Profit Before Tax (PBT) was ₹27 crore. On a standalone basis, revenue for Q1 FY27 reached ₹629 crore, up 16% year-on-year, with EBITDA at ₹71 crore and operating PBT at ₹67 crore.
Parag Satpute, MD & Group CEO, highlighted a strong start to FY27, driven by disciplined execution and the Greaves.Next strategy. Key initiatives included the establishment of a subsidiary, Greaves International Trading FZE, in Dubai, UAE, to strengthen its international presence. The company also reaffirmed its commitment to Greaves Electric Mobility through a ₹331 crore rights issue subscription and enhanced manufacturing capabilities with advanced automation.
The Energy Solutions business grew revenue by 21% year-on-year, supported by strong demand in infrastructure and manufacturing sectors. The Mobility Solutions business reported an 18% year-on-year revenue growth, with automotive engines showing a robust 36% increase and engineered components growing by 14% year-on-year. The international business contributed 13% to core business revenue, with the incorporation of Greaves International Trading FZE in Dubai aiming to bolster customer engagement and distribution in the Middle East and Africa.
Greaves Electric Mobility saw significant growth, with electric two-wheeler VAHAN volumes more than doubling (101% YoY) and market share increasing to 5.6% in June 2026. Electric three-wheeler L5 VAHAN volumes grew 39% year-on-year. The company's ₹530 crore rights issue was fully subscribed, with Greaves Cotton subscribing to approximately ₹331 crore, maintaining its shareholding in GEML at 62.48%.
Greaves Finance reported an increase in Assets Under Management to over ₹560 crore and expanded its reach. Greaves Cotton subscribed to a ₹50 crore rights issue for Greaves Finance to support its growth phase. The company remains focused on operational excellence, innovation, and customer-centric solutions to drive sustainable long-term growth.
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