Greaves Cotton Limited reported robust financial results for the fourth quarter, supported by strong growth across its Energy, Mobility, and Industrial businesses, along with rising international demand and electric mobility momentum.
The company posted consolidated revenue of ₹1,000 crore in Q4 FY26, marking a 22% year-on-year increase, while full-year consolidated revenue rose 18% to ₹3,437 crore. EBITDA for FY26 stood at ₹239 crore, with operating profit before tax (PBT) reaching ₹154 crore, as margins expanded by 210 basis points.
On a standalone basis, Greaves Cotton recorded revenue of ₹698 crore in the fourth quarter, up 22% YoY, while FY26 revenue climbed 19% to ₹2,365 crore. Operating PBT for the year reached ₹312 crore.
Commenting on the performance, Parag Satpute said FY26 marked a “defining year” for the company as it transitioned from strategy to execution under its Greaves.Next transformation plan.
The company’s international business emerged as a major growth driver, contributing 13% to revenue across its Energy, Mobility, and Industrial segments, up from 9% in the previous year. Growth was fueled by stronger customer partnerships and repeat orders from Europe and other global markets.
Energy Solutions delivered 20% annual growth, supported by a 35% rise in aftermarket operations following the integration of sales and service functions. Mobility Solutions grew 16% during FY26, aided by robust demand for Euro V+ compliant diesel engines and expansion into new geographies and customer segments through Excel Controlinkage.
Industrial Solutions posted 15% growth in Q4 FY26, driven by demand across agriculture, firefighting, and defence applications.
Meanwhile, Greaves Electric Mobility Limited continued to strengthen its position in India’s electric two-wheeler market. The company recorded 61,597 E2W registrations during FY26, reflecting 51% annual growth, while improving its market share to 4.4% by the end of Q4. The company also launched the Magnus 6.0 electric scooter aimed at competing with conventional ICE scooters.
The company’s EV-focused financing arm, Greaves Finance Limited, expanded its managed assets under management (AUM) to over ₹521 crore and partnered with OEMs including Suzuki, Simple, and Ultraviolette.
