Please find attached transcript of the earnings call for the quarter and financial year ended 31st March 2026.

Greaves Cotton delivered strong Q4 FY '26 results with consolidated revenue of INR 1,000 crores (22% YoY growth) and EBITDA of INR 68 crores (49% YoY growth). For the full year, consolidated revenue reached INR 3,437 crores (18% growth) with EBITDA of INR 239 crores (76% growth). The company achieved its highest annual revenue in the last 10 years on both consolidated and standalone basis. Energy Solutions grew 20% YoY with aftermarket up 35%, while Mobility Solutions delivered 16% growth. The new management team led by Group CFO Manish Poddar emphasized margin expansion with standalone EBITDA margin improving by 40 basis points, supported by strong demand and cost optimization. The company maintained its medium-term growth guidance of 16-18% and EBITDA margin target of 13-15% for core businesses.