Greaves Cotton Limited has informed the Exchange about Transcript
GREAVESCOT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Greaves Cotton reported consolidated revenue of Rs. 745 crore in Q1 FY26, with standalone revenue up 22% year-on-year to Rs. 541 crore. Standalone EBITDA rose 51% YoY to Rs. 76 crore, with margins expanding 270 basis points. The engineering business grew strongly with exports contributing 14% of revenue, driven by Euro-V+ auto engines and CPCB IV+ gensets; the genset segment grew 30% YoY. Greaves Electric Mobility posted Rs. 137 crore revenue, with retail sales up 84% YoY and market share rising from 3.4% to 4.2%. The company reported a consolidated PAT of Rs. 20 crore and held cash reserves above Rs. 400 crore net of debt. New MD Vikas Singh was appointed for GEML, and management confirmed the GEML DRHP has received SEBI observations, with IPO timing subject to market conditions. CFO guided standalone EBITDA margins to a 13-14% range and expects Excel margins to recover in 3-4 quarters.
Strong quarterly execution with margin expansion, robust export growth, and improving EV retail performance support positive sentiment. Management's margin guidance and pending GEML IPO add optionality, though key details on FY30 strategy and IPO timeline were deferred, limiting near-term catalysts.