Greaves Cotton Limited has informed the Exchange regarding Board meeting held on July 30, 2025.
GREAVESCOT · price
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Greaves Cotton reported its Q1 FY26 (quarter ended June 30, 2025) unaudited results. On a standalone basis, revenue from operations rose to Rs 540.54 crore, up about 21.5% from Rs 444.87 crore in the same quarter last year. Standalone profit after tax jumped to Rs 56.64 crore from Rs 36.55 crore, a roughly 55% YoY increase, with EPS at Rs 2.43 versus Rs 1.57. On a consolidated basis, revenue grew to Rs 745.43 crore from Rs 639.70 crore and the company swung back to a profit of Rs 20.85 crore versus a small loss of Rs 0.16 crore a year ago. The board also appointed Mr. Jehangir Ardeshir as an Additional Independent Director for five years from August 1, 2025, and accepted the resignation of Independent Director Mr. Firdose Vandrevala effective October 14, 2025, ahead of his turning 75. Separately, the company's e-mobility subsidiary GEML repaid Rs 42.67 crore of loan and Rs 18.37 crore of interest to MLR Auto's lenders, and its planned IPO of up to Rs 1,000 crore is progressing after SEBI's observation letter.
Strong quarter with double-digit revenue growth and a sharp jump in profits is a positive signal for shareholders and likely to support the stock. The continued losses in the Electric Mobility segment remain a watchpoint, but its narrowing losses, subsidiary debt repayment and the progressing GEML IPO could be value-unlock triggers in the medium term.