Greaves Cotton Reports 31% Growth in Consolidated Revenue for Q1 FY27, Strengthens Global Footprint and EV Commitment

Greaves Cotton Reports 31% Growth in Consolidated Revenue for Q1 FY27, Strengthens Global Footprint and EV Commitment​

Mumbai, August 4, 2026: Greaves Cotton Limited, a leading diversified engineering company in India, announced its financial results for the quarter ended June 30, 2026. The company reported steady performance across its diverse businesses, attributing the stability to disciplined execution as part of its Greaves.Next strategy.

The consolidated revenue stood at ₹974 crore, marking a 31% year-on-year growth. Standalone revenue reached ₹629 crore for Q1 FY27, showing a 16% increase year-on-year.

Greaves Cotton is focused on building a globally relevant engineering enterprise positioned for sustainable long-term value creation through portfolio diversification and strategic investments. The company also strengthened its international presence with the incorporation of Greaves International Trading FZE in Dubai, UAE, and reaffirmed commitment to Greaves Electric Mobility via a rights issue subscription.

Financial Highlights for Q1 FY27​

The financial performance across both consolidated and standalone figures demonstrated disciplined execution:

Management and Strategic Focus​

Parag Satpute, MD & Group CEO of Greaves Cotton Limited, stated that the company began FY27 with a strong performance base. He highlighted the expansion of the international footprint via the new subsidiary in Dubai, UAE, and enhanced manufacturing capabilities through advanced automation.

"We reaffirmed our commitment to future-ready businesses through investments in Greaves Electric Mobility and Greaves Finance," Satpute mentioned. "Supported by a strong balance sheet, we are well positioned to drive organic growth, invest in our portfolio companies, and capitalise on emerging growth opportunities."

Business Segment Performance​

The company showcased momentum across its various business segments:

Energy Solutions: This segment delivered 21% revenue growth year-on-year. Demand remained healthy across infrastructure, manufacturing, and industrial applications. Notably, domestic sales of the Medium Horsepower (MHP) genset portfolio grew by 32%, and a BESS pilot was commissioned to bolster the integrated solutions portfolio.

Mobility Solutions: This business recorded an 18% year-on-year revenue growth, driven by robust performance in key areas. Automotive engines grew 36% YoY, while Engineered Components achieved 14% YoY growth, supported by steady export momentum and new orders secured from OEMs like Caterpillar UK and TAFE.

Industrial Solutions: This segment witnessed sustained demand across defence, marine, and agricultural applications, strengthening customer engagement with specialised industrial OEM partners.

International Business: The international operations contributed 13% to the core business revenue. A regional hub was established in Dubai, UAE through the incorporation of Greaves International Trading FZE to enhance distribution capabilities across the Middle East and Africa.

Focus on Future-Ready Businesses​

Greaves Electric Mobility strengthened its market position with sustained network expansion and portfolio enhancements. VAHAN volumes in electric two-wheelers more than doubled, showing a 101% year-on-year increase in Q1 FY27. The market share for VAHAN increased to 5.6% as of June '26 from 4.3% in FY26. In the three-wheeler segment, L5 VAHAN volumes grew 39% YoY, with electric L5 volumes nearly doubling.

The company reported that its rights issue, which amounted to approximately INR 331 crore, has been fully subscribed by Greaves Cotton Limited.

Meanwhile, Greaves Finance continued growing its trajectory. Assets Under Management (AUM) crossed ₹560 crore, up from ₹521 crore in March '26, and the company expanded its reach through 12 new locations. Furthermore, Greaves Cotton subscribed to a rights issue of ₹50 crore to support the company's expansion phase.

The Company stated that it remains committed to operational excellence and innovation to create long-term value for all stakeholders while continuing strategic investments in technology and international expansion under the Greaves.Next strategy.

GREAVESCOT Stock Price Movement​

Greaves Cotton Limited sheds value as of 2:59 PM, with its stock trading down to ₹203.59 after a sharp decline of 12.50%. The equity is seeing intense action in the live market, supported by a volume totaling 8.06 million shares.