Greaves Cotton Ltd delivered robust financial results for the December quarter (Q3 FY26), with net profit surging 22.6% year-on-year to ₹25.5 crore compared with ₹20.8 crore in the corresponding period last year. According to reports from CNBC TV18, the company's revenue grew 16.6% YoY to ₹875.5 crore from ₹750.6 crore in Q3 FY25, reflecting steady growth across its business segments. The steady revenue growth reflects consistent demand and performance across the company's core business segments, with the strong performance building on momentum seen in the first half of the fiscal year.
The company's operational performance showed significant improvement, with EBITDA surging 56.3% YoY to ₹61.8 crore, up from ₹39.5 crore a year earlier. As reported by CNBC TV18, margins expanded notably to 7% in Q3 FY26 compared with 5.3% in the corresponding quarter last year, driven by improved operating leverage and cost efficiencies. This margin expansion demonstrates the company's operational efficiency gains and successful cost-efficiency measures implemented by management. The 170-basis-point expansion in EBITDA margins is attributed to improved operating leverage and successful cost-efficiency measures.
Following the earnings announcement, shares of Greaves Cotton were trading at ₹172.18 on the NSE, up 1.64% on the day, after touching an intraday high of ₹177.50. According to CNBC TV18, the positive market response reflects investor confidence in the company's strong quarterly performance and operational improvements. The market reaction demonstrates strong investor sentiment driven by the healthy earnings report and the company's ability to manage costs effectively while improving efficiency across its diversified business portfolio.
Greaves Cotton's performance is a testament to its well-diversified business model across clean mobility, power generation, farm equipment, aftermarket solutions, and electric mobility through its EV-focused businesses. The company operates across several key sectors with a significant focus on electric mobility, which includes both retail and manufacturing operations. For H1 FY26, the company reported consolidated revenue of ₹1,561 crore, up 16% year-on-year, with the electric mobility business showing particularly strong growth. The electric two-wheeler (E2W) volumes increased by 54% year-on-year in H1 FY26, improving its market share from 3.2% to 4.2%.
Commenting on recent performance, Parag Satpute, MD and Group CEO of Greaves Cotton Limited, highlighted the company's strategic direction and emphasized that the core engineering business has achieved strong growth driven by a customer-centric approach to product development and efficiency enhancements that have strengthened margins. The management remains focused on disciplined execution, operational excellence, and prudent capital allocation to create sustainable value for shareholders. This strategy is centered on leveraging its diverse engineering portfolio to serve the Genset, Automotive, and Industrial sectors, positioning the company well for future expansion in high-potential areas like electric vehicles.
