Greaves Cotton Q1 results, quarter to Jun 2026

NSE: GREAVESCOTBSE: 501455Industrial ProductsSmall Cap

Greaves Cotton Limited · Formerly Greaves · Face value ₹2 · Listed May 1958 on BSE, Sep 2004 on NSE

₹181.11₹0.57 (0.31%)BSE ₹181.30

Share price at the NSE close on 28 Oct 2026. Previous close ₹181.68.

28 Oct: open ₹181.70, high ₹185.95, low ₹180.15

52-week range of traded prices to 27 Oct 2026

₹119.99Low, 30 Mar 2026₹271.90High, 14 Jul 2026

Next results date: the board meets on 29 Oct 2026 to consider: financial results. The notice · Results calendar

Market cap: ₹4,232 Cr867th largest listed
P/E: 42.40
P/E without one-offs: 30.53
P/B: 2.96
Dividend yield: 1.10%
ROE: 7.0%
ROE without one-offs: 9.8%
ROCE: 7.0%
Debt to equity: 0.22
Volume, NSE: 7,05,375

Greaves Cotton filed its Q1 results for the quarter to Jun 2026 on 4 Aug 2026 at 11:41 pm, consolidated: the company and its subsidiaries together.

Q1 results, quarter to Jun 2026

₹ crore.Greaves Cotton annual results and balance sheet

Revenue: ₹974 Cr+30.7% on a year ago · −2.6% on the quarter before
Operating profit: ₹56 Cr−1.1% on a year ago · −17.4% on the quarter before
Net profit: ₹6.16 Cr−70.5% on a year ago · +180.0% on the quarter before
Earnings per share: ₹1.11−21.8% on a year ago · +14.4% on the quarter before
Operating margin: 5.8%
Net margin: 0.6%

From revenue to net profit, ₹ crore

Revenue974
Materials and goods−673
Employee costs−103
Other expenses−143
Operating profit56
Depreciation−28
Other income+11
Finance costs−12
Profit before tax27
Tax−21
Net profit6.2

Greaves Cotton results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Jun 2026. Results for the quarter to Sep 2026 are due by 14 Nov 2026, 45 days after it ends. Every company's dates are on the results calendar.Results filings and date

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit
Loss

Peak revenue ₹1,000 Cr, quarter to Mar 2026; lowest ₹640 Cr, quarter to Jun 2024A loss in 4 of the 12 quarters shown

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Sep 2021	Dec 2021Q3Filed 8 Feb	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3	Mar 2023	Jun 2023Q1Filed 10 Aug	Sep 2023	Dec 2023Q3	Mar 2024	Jun 2024Q1	Sep 2024Filed 12 Nov	Dec 2024Q3	Mar 2025Q4Filed 30 Apr	Jun 2025Q1	Sep 2025Q2	Dec 2025Q3	Mar 2026Q4	Jun 2026Q1
Revenue from operations	374	486	621	660	699	514	827	569	727	665	673	640	705	751	823	745	815	875	1,000	974
	384	473	580	622	656	510	778	582	681	630	649	612	682	711	777	689	764	813	932	918
Materials and goods bought	278	360	457	487	512	356	615	402	503	440	454	431	487	503	567	484	540	584	695	673
Employee costs	41	45	42	46	50	52	63	72	73	82	84	75	85	86	80	90	101	94	90	103
Other expenses	64	68	81	88	94	102	99	108	105	108	111	107	111	123	129	114	123	135	147	143
Operating profit before depreciation	−10	14	41	38	43	3	49	−14	46	35	24	27	23	40	46	57	52	62	68	56
Operating margin	−2.7%	2.8%	6.5%	5.8%	6.1%	0.6%	5.9%	−2.4%	6.3%	5.3%	3.5%	4.3%	3.3%	5.3%	5.6%	7.6%	6.4%	7.1%	6.8%	5.8%
Depreciation and amortisation	15	14	15	14	14	13	15	17	19	20	28	26	26	26	25	27	27	28	28	28
Other income	6	3	10	11	15	18	24	22	15	14	13	17	14	12	12	18	10	8	13	11
Finance costs	1	1	2	6	2	2	1	2	2	2	3	3	4	3	6	5	5	6	10	12
Profit before one-off items and tax	−20	2	33	29	42	5	56	−10	40	27	6	15	6	22	27	44	31	37	44	27
One-off items	1	−1	−6	0	0	−1	−12	1	−381	47	−2	0	−4	6	0	−1	−4	−19	−16	0
Profit before tax	−19	0	27	29	42	5	44	−10	−341	74	3	15	2	29	27	43	27	17	28	27
	4	6	9	11	8	9	15	15	34	29	17	15	16	22	25	22	21	11	25	21
Current tax	4	3	9	13	9	8	15	15	36	30	19	17	18	22	27	23	21	20	27	22
Deferred tax	0	2	0	−2	0	1	0	0	−2	−1	−3	−2	−1	0	−2	−1	−1	−9	−2	−2
Tax rate	–	1,265.9%	32.8%	37.2%	19.3%	187.4%	34.6%	–	–	38.7%	482.5%	101.0%	891.7%	76.6%	94.3%	51.5%	76.5%	65.8%	92.0%	77.2%
Share of profit of joint ventures and associates	–	−1	−1	−2	−1	−2	−2	−1	–	–	–	–	–	–	–	–	–	–	–	–
	−23	−6	17	16	32	−6	27	−25	−375	46	−13	0	−14	7	2	21	6	6	2	6
Belonging to the company's shareholders	−23	−6	17	16	29	6	27	−5	−191	58	3	10	3	21	24	33	26	26	23	26
Belonging to outside owners of subsidiaries	0	0	0	0	3	−12	1	−20	−184	−12	−16	−10	−18	−14	−23	−12	−20	−20	−20	−20
Other comprehensive income	0	1	1	0	1	1	0	0	−1	0	0	0	0	0	0	−1	−1	1	1	−1
Total comprehensive income	−23	−5	18	16	33	−5	27	−25	−375	46	−14	0	−14	7	2	20	6	7	3	5
Net margin	−6.2%	−1.3%	2.7%	2.4%	4.6%	−1.1%	3.3%	−4.4%	−51.5%	6.9%	−2.0%	0.0%	−2.0%	0.9%	0.2%	2.8%	0.8%	0.7%	0.2%	0.6%
Net margin without joint ventures and associates	–	−1.1%	2.9%	2.8%	4.8%	−0.8%	3.5%	−4.2%	–	–	–	–	–	–	–	–	–	–	–	–
Earnings per share	−₹1.01	−₹0.27	₹0.72	₹0.69	₹1.25	₹0.28	₹1.15	−₹0.22	−₹8.22	₹2.50	₹0.11	₹0.44	₹0.14	₹0.90	₹1.03	₹1.42	₹1.12	₹1.10	₹0.97	₹1.11
Diluted earnings per share	−₹1.01	−₹0.27	₹0.72	₹0.69	₹1.24	₹0.28	₹1.14	−₹0.22	−₹8.22	₹2.48	₹0.11	₹0.44	₹0.14	₹0.89	₹1.03	₹1.42	₹1.11	₹1.09	₹0.96	₹1.10

Earnings per share in rupees, restated for later splits and bonuses.

Segment results by quarter

Consolidated, ₹ crore, quarters to Jun 2026.Greaves Cotton segment results by year

Electric Mobility & Other Vehicles
Revenue, ₹ crore
147
120
127
174
180
169
135
197
224
226
270
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
−50
−56
−43
−57
−54
−70
−41
−50
−46
−49
−46
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Engines and Engineering Products
Revenue, ₹ crore
705
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
106
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Vehicle Finance
Revenue, ₹ crore
14
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
4
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26

₹ crore	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue of all businesses	727	665	673	640	705	751	823	745	815	875	1,015	989
Company revenue, as in its results	727	665	673	640	705	751	823	745	815	875	1,000	974
Revenue	414	403	434	404	414	454	524	500	510	536	668	–
Revenue growth	20.1%	21.3%	8.2%	10.9%	−0.1%	12.8%	20.8%	24.0%	23.2%	17.9%	27.5%	–
Profit	83	70	67	64	63	83	94	95	95	87	88	–
Profit growth	112.2%	64.4%	33.7%	11.9%	−24.0%	18.8%	39.1%	49.3%	51.6%	4.9%	−6.5%	–
Margin	19.9%	17.4%	15.5%	15.8%	15.2%	18.4%	17.9%	19.0%	18.6%	16.3%	13.1%	–
Assets	530	592	562	552	604	636	696	753	818	826	1,227	–
Liabilities	253	286	330	360	353	356	409	411	380	417	486	–
Capital employed	277	306	232	192	251	280	287	341	438	408	741	–
Revenue	–	147	120	127	174	180	169	135	197	224	226	270
Revenue growth	–	–	–	–	–	22.9%	41.5%	6.1%	13.5%	24.3%	33.3%	100.2%
Profit	–	−50	−56	−43	−57	−54	−70	−41	−50	−46	−49	−46
Margin	–	−34.3%	−46.5%	−33.9%	−32.6%	−29.8%	−41.1%	−30.1%	−25.2%	−20.5%	−21.7%	−17.0%
Assets	–	826	749	732	770	737	673	634	665	693	638	695
Liabilities	–	272	258	297	333	352	359	307	392	470	466	553
Capital employed	–	554	491	435	438	385	314	327	273	222	172	142
Revenue	68	74	65	61	57	61	70	58	54	61	71	–
Revenue growth	–	–	–	57.9%	−15.6%	−17.2%	7.7%	−4.8%	−5.4%	0.5%	1.4%	–
Profit	21	19	13	15	15	22	20	14	11	14	14	–
Profit growth	–	–	–	7.6%	−27.2%	16.3%	57.7%	−6.2%	−24.5%	−37.3%	−31.0%	–
Margin	30.4%	25.9%	19.6%	23.8%	26.2%	36.4%	28.7%	23.4%	20.9%	22.7%	19.6%	–
Assets	353	373	397	413	417	430	458	463	464	489	489	–
Liabilities	41	47	32	38	31	29	38	37	29	43	34	–
Capital employed	311	326	365	375	386	401	420	427	435	446	455	–
Revenue	44	42	54	48	61	55	59	52	55	54	49	–
Revenue growth	25.1%	5.6%	25.7%	29.9%	36.6%	30.2%	10.1%	8.3%	−10.2%	−1.1%	−16.3%	–
Profit	−2	39	−9	−7	−6	−7	−5	−3	−2	−4	0	–
Margin	−4.7%	91.6%	−17.2%	−15.6%	−9.2%	−12.8%	−9.1%	−5.9%	−3.3%	−8.0%	−0.1%	–
Assets	40	95	123	150	180	212	215	260	267	328	376	–
Liabilities	27	35	38	41	49	48	42	79	89	156	218	–
Capital employed	13	60	85	108	131	165	173	181	177	172	158	–
Revenue	–	–	–	–	–	–	–	–	–	–	–	705
Profit	–	–	–	–	–	–	–	–	–	–	–	106
Margin	–	–	–	–	–	–	–	–	–	–	–	15.1%
Assets	–	–	–	–	–	–	–	–	–	–	–	1,803
Liabilities	–	–	–	–	–	–	–	–	–	–	–	596
Capital employed	–	–	–	–	–	–	–	–	–	–	–	1,208
Revenue	–	–	–	–	–	–	–	–	–	–	–	14
Profit	–	–	–	–	–	–	–	–	–	–	–	4
Margin	–	–	–	–	–	–	–	–	–	–	–	31.1%
Assets	–	–	–	–	–	–	–	–	–	–	–	430
Liabilities	–	–	–	–	–	–	–	–	–	–	–	278
Capital employed	–	–	–	–	–	–	–	–	–	–	–	152
Revenue	200	–	–	–	–	–	–	–	–	–	–	–
Revenue growth	−37.1%	–	–	–	–	–	–	–	–	–	–	–
Profit	−37	–	–	–	–	–	–	–	–	–	–	–
Margin	−18.4%	–	–	–	–	–	–	–	–	–	–	–
Assets	1,043	–	–	–	–	–	–	–	–	–	–	–
Liabilities	455	–	–	–	–	–	–	–	–	–	–	–
Capital employed	588	–	–	–	–	–	–	–	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Q1 results, quarter to Jun 2026

From revenue to net profit, ₹ crore

Greaves Cotton results by quarter

Revenue and net profit by quarter, ₹ crore

Operating and net margin by quarter, per cent

Segment results by quarter

Electric Mobility & Other Vehicles

Engines and Engineering Products

Vehicle Finance