Summary

Greaves Cotton Limited, a leading diversified engineering company in India, has reported strong financial results for the period ended September 30, 2025, with consolidated revenue of INR 815 crore in Q2 FY26 and INR 1,561.7 crore in H1FY26, reflecting a 16% year-on-year growth. The Engineering Business delivered robust growth of 31% in Q2FY26 and 30% in H1 FY26. The Automotive business recorded broad-based momentum, and the genset business witnessed 24% growth. Greaves Electric Mobility business reported growth in H1 FY26.

Key Highlights

1. 1

   Q2 FY26 consolidated revenue stood at INR 815 crore, up 16% YoY

2. 2

   H1FY26 consolidated revenue was INR 1,561.7 crore, up 16% YoY

3. 3

   Standalone revenue for Q2 FY26 was INR 552 crore, marking an 18% year-on-year growth

4. 4

   H1FY26 standalone revenue grew 20% year-on-year, supported by higher exports and a diversified product mix

5. 5

   Standalone EBITDA margins expanded by 160 bps in Q2 FY26 and 210 bps in H1 FY26

6. 6

   The Engineering Business delivered robust growth of 31% in Q2FY26 and 30% in H1 FY26

7. 7

   Automotive business recorded broad-based momentum, led by a 48% year-on-year increase

8. 8

   Genset business witnessed 24% growth

9. 9

   Greaves Electric Mobility business reported growth in H1 FY26, with Electric Two-Wheeler (E2W) VAHAN volumes increasing 54% year-on-year