Greaves Cotton Limited has announced its financial results for the first quarter of fiscal year 2025–26, ending June 30, 2025. The company reported year-on-year growth in standalone revenue and earnings, driven by performance across its business divisions and operational improvements.
Standalone revenue for the quarter reached ₹541 crore, reflecting a 22% increase compared to the same period last year. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) stood at ₹76 crore, up 51% from the previous year, with EBITDA margins expanding by 270 basis points. Profit Before Tax (PBT) also reached ₹76 crore during the quarter.
On a consolidated basis, the company recorded revenue of ₹745 crore, with EBITDA of ₹57 crore and PBT of ₹44 crore. The consolidated figures include contributions from all subsidiaries and business units.
The Engineering division saw a 30% year-on-year increase in revenue, supported by strong demand in both automotive and non-automotive segments. Sales of automotive engines rose 46% YoY, while the non-automotive segment grew 19%, led by a 30% increase in genset sales. Export markets contributed 14% of total revenue, with continued demand for Euro V+ engines and CPCB IV+ compliant generator sets.
Greaves Electric Mobility (GEML) generated ₹137 crore in revenue during the quarter, primarily driven by sales of the Magnus Neo electric scooter, which has gained market traction since its launch. The company attributed the performance to growing consumer interest in electric mobility solutions.
The combined standalone performance of Greaves Cotton Limited and its subsidiary Excel Industries reported revenue of ₹601 crore and EBITDA of ₹91 crore, supported by application engineering initiatives and product portfolio diversification.
Parag Satpute, Managing Director and Group CEO of Greaves Cotton Limited, commented on the results, noting the resilience of the company’s diversified business model. “The first quarter reflects sustained momentum across our core operations,” he said. “We continue to strengthen our presence in key sectors such as automotive, agriculture, construction, marine, and power solutions. Our focus remains on innovation, operational efficiency, and meeting evolving customer demands with fuel-agnostic technologies.”
The company emphasized its ongoing investments in research and development, digital transformation, and expansion into international markets as part of its long-term growth strategy.
In line with its sustainability goals, Greaves Cotton highlighted its renewable energy initiatives. Four solar power plants located in Chhatrapati Sambhajinagar (formerly Aurangabad) currently generate approximately 5.1 million units of electricity annually. The company also employs energy-saving practices in manufacturing, including the recycling and reuse of aluminium scrap briquettes to reduce energy consumption.
Greaves Cotton Limited operates through five business verticals: Greaves Engineering, Greaves Electric Mobility, Greaves Retail, Greaves Finance, and Greaves Technologies. With a history spanning over 165 years, the company has transitioned from being primarily known for diesel engines to offering integrated mobility and engineering solutions across multiple fuel types.
The company continues to position itself in India’s evolving electric vehicle and sustainable mobility landscape, with strategic investments in technology and infrastructure aimed at supporting future growth.
Greaves Cotton Limited is an Indian engineering company engaged in the design, manufacturing, and distribution of engines, gensets, electric vehicles, and related technologies. The company serves a wide range of industries including agriculture, construction, marine, healthcare, and commercial infrastructure, with a focus on fuel-efficient and sustainable solutions.