Greaves Cotton , a leading diversified engineering company, has reported strong financial results for the quarter ended September 30, 2025 (Q2 FY26), driven by growth across its Engineering and Electric Mobility businesses.

Financial Highlights

Key Takeaways

Standalone Performance

On a standalone basis, Greaves Cotton reported revenue from operations of ₹552 crore, up 18% year-on-year, with EBITDA of ₹78 crore and PBT of ₹75 crore. Margins improved by 160 bps due to operational efficiencies and cost optimization.

Consolidated Results

The company reported consolidated revenue of ₹815 crore, up 16% year-on-year, with EBITDA of ₹52 crore and PBT of ₹31 crore, reflecting improved profitability across businesses.

Segment Performance

• The Engineering business delivered robust growth of 31% year-on-year.
• The Genset business grew 24% year-on-year, while the Automotive business surged 48% year-on-year.
• The Electric Mobility business also reported growth, with electric two-wheeler (E2W) VAHAN volumes up 54% year-on-year and market share improving from 3.2% to 4.2%.

Strategic Outlook

Greaves Cotton continues to focus on engineering excellence, export expansion, and EV technology transition. Its continued investments in R&D, LFP battery technology, and network expansion position the company for sustainable, future-ready growth.

Commenting on the results, Mr. Parag Satpute, MD & Group CEO, said, “Greaves Cotton’s performance in Q2 FY26 reflects the continued strength and resilience of our diversified portfolio. Our Engineering and Electric Mobility businesses continue to demonstrate solid growth and profitability.”

Overall, the results underline Greaves Cotton’s strong momentum across segments, enhanced operational efficiency, and strategic focus on sustainable value creation.

Greaves Cotton Limited (GCL), a diversified engineering company with a rich legacy of over 165 years, has announced its upcoming quarterly earnings call. The call, scheduled for November 6, 2025, at 11:00 AM IST, will discuss the company's financial performance for the quarter and half year ended September 30, 2025.

Key Details of the Earnings Call

The conference call will feature the senior management team of Greaves Cotton and will include a management discussion followed by an interactive Q&A session. Investors and analysts interested in participating can access the call through various dial-in options provided by the company.

About Greaves Cotton Limited

Greaves Cotton has evolved from its origins as a single-cylinder diesel engine manufacturer to become a fuel-agnostic, end-to-end mobility solutions provider. The company operates through five independent business units:

1. Greaves Engineering
2. Greaves Electric Mobility Ltd.
3. Greaves Retail
4. Greaves Finance Ltd.
5. Greaves Technologies Ltd.

With a focus on sustainable growth and economic progress, Greaves Cotton aims to touch a billion lives by 2030. The company is building a digitally integrated ecosystem connecting consumers, business partners, and service providers across the mobility value chain.

Forward-Looking Statements

While the earnings call will provide insights into the company's performance and future outlook, investors should note that forward-looking statements may be subject to risks and uncertainties. These could include market trends, macro-economic factors, and regulatory changes that may affect actual results.

As Greaves Cotton continues to position itself in India's EV and sustainable mobility markets, this earnings call presents an opportunity for stakeholders to gain valuable insights into the company's financial health and strategic direction in the evolving mobility sector.