Greaves Cotton Limited , a diversified engineering company, has reported strong financial performance for Q2 FY26 and unveiled its new GREAVES.NEXT strategy aimed at driving future growth. The company's results and strategic initiatives highlight its focus on energy solutions, mobility, and industrial solutions.

Financial Highlights

Business Segment Performance

• Engineering Business: Recorded 31% year-on-year growth with revenue of Rs. 406.00 crore.
• Automotive Business: Witnessed a 48% increase driven by EuroV engine demand from European OEM partnerships.
• Genset Business: Experienced 24% growth, maintaining a market share of around 4%.
• Electric Mobility Division: Reported revenue of Rs. 199.00 crore in Q2 and Rs. 336.00 crore in H1.

GREAVES.NEXT Strategy

Greaves Cotton has launched its GREAVES.NEXT strategy, targeting organic growth of 16-20% CAGR over the next 4-5 years. The strategy focuses on three key areas:

1. Energy Solutions
2. Mobility
3. Industrial Solutions

Electric Mobility Market Share

Greaves Electric Mobility has shown significant improvement in its market position:

• Overall market share increased from 3.2% to 4.2%
• Strong regional presence:
  • 12% market share in Tamil Nadu
  • 14% market share in Bihar
  • 6% market share in Orissa

Financial Position

• The company maintains a net cash positive position
• Return on Capital Employed (ROCE) stands at over 30%

Future Plans

Greaves Electric has filed a Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). The company plans a primary raise of Rs. 1,000.00 crore through this offering.

The strong financial performance and strategic initiatives of Greaves Cotton indicate the company's commitment to growth and expansion in the energy solutions and mobility sectors. The GREAVES.NEXT strategy, coupled with the planned IPO for its electric mobility division, positions the company to capitalize on emerging opportunities in these rapidly evolving markets.

Greaves Cotton Limited , a renowned diversified engineering company with a legacy spanning over 165 years, has set its sights on ambitious growth with the launch of its new business strategy, 'GREAVES.NEXT'. The company aims to achieve a revenue target of INR 15,000 crores by 2030, marking a significant leap in its financial aspirations.

Strategic Focus Areas

The 'GREAVES.NEXT' strategy positions the company as a future-ready engineering entity, focusing on three key areas:

1. Energy Solutions
2. Mobility Solutions
3. Industrial Solutions

This strategic framework is designed to capture growth opportunities in the evolving energy, mobility, and new engineering application landscape, both in India and globally.

Growth Projections and Strategy

The company's management projects an organic revenue growth of 16-20% for its core businesses over the next 4-5 years while maintaining steady EBITDA margins. This growth is expected to be achieved through a combination of organic initiatives and strategic acquisitions.

Strategic Dimensions

The 'GREAVES.NEXT' growth roadmap encompasses three key dimensions:

1. Accelerating the core by sustaining growth momentum in existing businesses
2. Building new capabilities onto existing businesses with new products, competencies, and geographical expansion
3. Expanding into new horizons by leveraging core strengths

Business Segment Focus

Energy Solutions

• Strengthen presence in power generation and genset aftermarket
• Evolve from a product company to a complete solutions provider
• Build a robust distribution network
• Enhance customer lifetime value

Mobility Solutions

• Span from fuel-agnostic powertrain solutions to auto aftermarket and components
• Deepen OEM collaborations
• Expand product platforms into new adjacencies
• Shape the alternative fuel powertrain ecosystem

Industrial Solutions

• Develop new & compact platforms for emerging applications
• Build stronger OEM partnerships and dealer networks
• Expand customer reach
• Sustain leadership in critical segments such as firefighting

Leadership Perspective

Mr. Parag Satpute, Managing Director and Group CEO of Greaves Cotton Limited, stated, "With 'GREAVES.NEXT', our new business strategy, we are setting the course for the next phase of growth by being a future-ready engineering company with reliable products, sustainable technologies, and customer-centric solutions. Our goal is to create long-term value for all stakeholders while contributing meaningfully to India's industrial growth and energy transition."

The company's strategic realignment also includes changes in the reporting structure of senior management personnel, aimed at driving deeper functional focus, enhanced technology integration, and accelerated product development within growth verticals.

As Greaves Cotton embarks on this ambitious journey, the market will be keenly watching its execution of the 'GREAVES.NEXT' strategy and progress towards its 2030 revenue target. The company's focus on innovation, sustainability, and operational excellence positions it well to capitalize on the evolving needs of the energy, mobility, and industrial sectors in India and beyond.