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Greaves Cotton Limited Q2 FY26 results deck summary

NSE: GREAVESCOT · BSE: 501455

Results deck of 5 Nov 2025, summarised by AI from the filing.

Greaves Cotton Q2 FY26 consolidated revenue ₹815 cr (+16% YoY) and EBITDA ₹52 cr (+125% YoY), with E2W market share at 4.2% in H1 FY26.

Key takeaways

  1. Consolidated revenue Q2 FY26 revenue ₹815 cr (Q2 FY25: ₹705 cr, +16% YoY); EBITDA ₹52 cr (Q2 FY25: ₹23 cr, +125% YoY).
  2. Guidance No forward guidance was provided in the presentation.
  3. Change Consolidated EBITDA margin expanded 310 bps YoY to 6.4% in Q2 FY26.
  4. Driver Higher exports and diversified product mix aided revenue growth; E2W market share rose to 4.2% in H1 FY26.
  5. Risk Headwinds in Core Auto A/M business in North and East region.

Original filing on BSE

Greaves Cotton Limited Q1 FY27 results

As filed: Revenue ₹974 cr (+31% year on year), EBITDA ₹56.3 cr (−3% year on year), PAT ₹6.2 cr (−71% year on year), EBITDA margin 5.8% (−200 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹1,000 cr (+22% year on year), EBITDA ₹68.2 cr (+48% year on year), PAT ₹2.2 cr (+62% year on year), EBITDA margin 6.8% (+123 bps). Score 48 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA and profit before exceptional items growth were in line with it. EBITDA margin rose 123 bps year on year. Other income 47% of PBT. Tax rate 92%. Consolidated profit +10% but standalone -23%. Profit lagged EBITDA because of depreciation, interest or other income, not the business. Share price after the results: +11.0% in 30 days (Nifty 500: −2.9%).
  • Q3 FY26: Revenue ₹875 cr (+17% year on year), EBITDA ₹62.1 cr (+55% year on year), PAT ₹5.9 cr (+59% year on year), EBITDA margin 7.1% (+177 bps). Score 52 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was in line with it; profit before exceptional items growth was below it. EBITDA margin rose 177 bps year on year. Other income 49% of PBT. Tax rate 66%. Revenue rose ₹124 cr on a year ago, more than the ₹86.0 cr it added the year before. Share price after the results: −9.0% in 28 days (Nifty 500: −4.0%).
  • Q2 FY26: Revenue ₹815 cr (+16% year on year), EBITDA ₹53.0 cr (+141% year on year), PAT ₹6.0 cr (+300% year on year), EBITDA margin 6.5% (+338 bps). Score 52 of 100, In line with trend. Revenue and EBITDA growth were above the company's own trend; profit before exceptional items growth was well above it. EBITDA margin rose 338 bps year on year. Other income 37% of PBT. Tax rate 74%. Profit fell 30% from last quarter. Share price after the results: −14.6% in 30 days (Nifty 500: +0.3%).
  • Q1 FY26: Revenue ₹745 cr (+16% year on year), EBITDA ₹58.0 cr (+115% year on year), PAT ₹21.0 cr, EBITDA margin 7.8% (+357 bps). Score 54 of 100, In line with trend. Revenue and EBITDA growth were above the company's own trend. EBITDA margin rose 357 bps year on year. Other income 42% of PBT. Tax rate 51%. Revenue fell 9% from last quarter. Revenue rose ₹105 cr on a year ago, more than the ₹71.0 cr it added the year before. Share price after the results: −0.4% in 30 days (Nifty 500: −2.4%).
  • Q4 FY25: Revenue ₹823 cr (+22% year on year), EBITDA ₹46.0 cr (+100% year on year), PAT ₹2.0 cr, EBITDA margin 5.6% (+217 bps). Score 51 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was in line with it. EBITDA margin rose 217 bps year on year. Other income 44% of PBT. Tax rate 93%. Profit fell 71% from last quarter. Share price after the results: +5.4% in 30 days (Nifty 500: +3.1%).
  • Q3 FY25: Revenue ₹751 cr (+13% year on year), EBITDA ₹40.0 cr (+14% year on year), PAT ₹7.0 cr (−15% year on year), EBITDA margin 5.3% (+6 bps). Score 43 of 100, In line with trend. Revenue growth was above the company's own trend. EBITDA margin was flat year on year. Other income 41% of PBT. Tax rate 76%.
  • Q2 FY25: Revenue ₹705 cr (−3% year on year), EBITDA ₹22.0 cr (−52% year on year), PAT −₹14.0 cr (−85% year on year), EBITDA margin 3.1% (−321 bps). Score 0 of 100, Below trend. EBITDA margin fell 321 bps year on year. Other income 700% of PBT. Tax rate 850%. Not enough history for a trend yet: scored on growth alone. Profit fell 60% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Greaves Cotton Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.