Greaves Cotton reports ₹1000 crore revenue in Q4 FY26, achieving 22% growth

Arunika Jain — Wed, 06 May 2026 10:53:37 +0000

Greaves Cotton Limited, a diversified engineering company, has announced its financial results for the fourth quarter and full year ending March 31, 2026. The company reported a consolidated revenue of ₹1000 crore for Q4 FY26, marking a 22% year-on-year growth. Standalone revenue for the same period was ₹698 crore, also reflecting a 22% increase from the previous year.

The company’s international business has been a significant growth driver, contributing 13% to the Energy, Mobility, and Industrial segments. For the full financial year 2026, Greaves Cotton achieved a consolidated revenue of ₹3437 crore, an 18% increase year-on-year, with an EBITDA of ₹239 crore and an operating profit before tax (PBT) of ₹154 crore. The operating PBT margins expanded by 210 basis points.

On a standalone basis, the company reported a revenue of ₹2365 crore for FY26, up 19% from the previous year. The standalone EBITDA was ₹320 crore, and the operating PBT was ₹312 crore, with operating PBT margins expanding by 40 basis points.

Parag Satpute, Managing Director and Group CEO of Greaves Cotton, highlighted the company’s transition from strategy to execution under the Greaves.Next initiative. The robust 22% growth at a consolidated level was driven by strong demand, improved profitability, and disciplined execution. The international business, particularly the mobility segment, showed good momentum, focusing on deepening partnerships and customer relationships with global OEMs.

The Energy Solutions segment delivered a 17% growth in Q4 FY26 and 20% for the full year, led by a sharp 35% year-on-year growth in the aftermarket sector. Mobility Solutions recorded a 16% growth in FY26 and 20% in Q4 FY26, driven by strong demand for Euro V+ compliant diesel engines and robust domestic demand across key end-use segments.

The Industrial Solutions segment saw a 6% growth in FY26 and a 15% increase in Q4 FY26, driven by strong demand across agriculture, firefighting, and defence applications. The international business grew its contribution to core business revenue from 9% to 13% in FY26, strengthening its presence across global markets.

Greaves Electric Mobility, a subsidiary, reported 61,597 E-2W VAHAN registrations in FY26, reflecting a 51% annual growth. The company exited Q4 with an improved market share of 4.4% in the E2W segment.

Looking ahead to FY27, Greaves Cotton aims to strengthen execution, enhance margins, and build a more resilient business while closely monitoring the macroeconomic environment.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Greaves Finance | Business Upturn

Greaves Cotton reports ₹1000 crore revenue in Q4 FY26, achieving 22% growth