| Management target | Revenue 18.0% Next few years |
|---|
| Revenue growth | Strong 31% YoY growth; EV segment revenue doubled reaching ₹270 Cr. |
|---|---|
| Margins | Under pressure (2-2.5%) due to R&D investments and West Asia geopolitical costs. |
| Order book | Large institutional order for gensets successfully executed during the quarter. |
| Demand visibility | Strong demand in 3-wheelers, gensets, and industrial firefighting applications. |
| Management confidence | Confident in long-term transition but acknowledged temporary near-term margin pressures. |
Growth
Revenue grew 31% YoY to ₹975 Cr; Core business grew 16%, while EV segment doubled volumes.
Outlook
Management aims for 16-20% CAGR over next few years; EBITDA recovery expected in H2 FY27.
Risks
Significant margin pressure from input costs and aggressive SG&A spend; continued cash burn in electric mobility.
Last quarter's promises, checked
Delivered
- Guided 16-18% core growth → delivered 22% (= BEAT)
- Guided 100% Excel holding by Q2 → 20% acquisition planned for Q2 (= BEAT)
- Guided 500-700Cr Capex over 5 years → 30-35Cr spent in FY26 (= BEAT)
Partly delivered
- Guided international revenue expansion → increased from 9% to 13% (= PARTIAL)
Missed
- Guided 13-15% EBITDA margin → delivered 6.8% consolidated (= MISS)
Earnings Call Transcript filed with NSE, NSE: GREAVESCOT. Summary written with AI assistance from the document.
Greaves Cotton Ltd: key numbers
- Share price
- ₹222.78
- Market cap
- ₹5,190 Cr
- Revenue (annual)
- ₹3,437 Cr
- Net profit (annual)
- ₹107.1 Cr
- P/E (TTM)
- 52.0×Sector 32.1×
- Promoter holding
- 55.77%-0.01% QoQ
- FII holding
- 1.35%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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