Greaves Cotton Limited has informed the Exchange about Transcript
GREAVESCOT · price
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Greaves Cotton filed the transcript of its Q3 FY26 earnings call held on February 6, 2026. Consolidated Q3 revenue rose 17% YoY to Rs. 875 crore, while 9M FY26 revenue grew 16% YoY to Rs. 2,436 crore. Standalone Q3 revenue grew 14% YoY to Rs. 575 crore with EBITDA of Rs. 78 crore (up 18% YoY, 13 bps margin expansion), and 9M standalone PBT surged 33% YoY with 150 bps margin expansion. Energy solutions grew 21% YoY (aftermarket 40%), mobility 15% YoY, and industrial 3% YoY. The company reiterated its 16%–18% organic CAGR target under the 'GREAVES.NEXT' strategy and earmarked Rs. 500–700 crore for capex, funded internally from ~Rs. 250 crore cash and ongoing operating cash flows. The Greaves Electric Mobility IPO (DRHP approved, ~Rs. 1,000 crore primary raise) is progressing. Key wins included a direct Defense supply order, a European FM/UL certified engine deal, and the Ligier export partnership.
Strong broad-based growth with margin expansion and net cash position reinforces the multi-year GREAVES.NEXT strategy. Near-term investor focus will remain on the Greaves Electric Mobility IPO timeline (valid until May 2026) and clarity on post-IPO consolidation impact on Greaves Cotton's earnings, which management deferred.