Greaves Cotton
Greaves Cotton Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
2 of 4 strong
The short version
Excel business has returned to growth, with 14% YoY growth in the quarter and revenues just under INR 70 crores; margins exceeding 25% EBITDA. Greaves Cotton projects margin recovery with Q2 FY27 expected to be marginally better than Q1 and H2 outperforming H1, staying on track with Greaves.Next margin targets.
From Greaves Cotton's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Excel business has returned to growth, with 14% YoY growth in the quarter and revenues just under INR 70 crores; margins exceeding 25% EBITDA.
- Domestic Excel business growing steadily with double-digit growth; export business recovering with new markets in Europe and the U.S.
- Capacity improvement and automation investments boost output by 10-15%, supporting growth for at least two years.
- Greaves Electric Mobility achieved record volume growth of 101% YoY in Q1 FY27; 2-wheeler portfolio grew 120%, 3-wheeler portfolio 80% YoY.
- Market share in electric vehicles progressing steadily, aiming for double-digit share nationally within 4-8 quarters.
- Core business targeting 16-20% CAGR growth over the next few years; adjusted like-to-like growth at 19% YoY this quarter.
2 more points from Greaves Cotton's call on revenue
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Profitability & Margins
See what Greaves Cotton said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Greaves Cotton invested INR 50 crores in Greaves Finance Limited (GFL) and INR 331 crores in Greaves Electric Mobility Limited (GEML) as part of capital allocation.
- Core business capex is on track, aligned with the company's Greaves.Next strategy focusing on future growth.
- Investments include automation and capacity improvements in Excel to support growth and scale production volumes.
- Ongoing upgradation in engineered components and supply for defense contracts indicate strategic capital deployment.
- Battery Energy Storage System (BESS) pilot commissioned, signifying movement into emerging energy solutions.
- Technological upgrades and export expanse are prioritized with upfront investments expected to yield benefits in future quarters.
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Greaves Cotton said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
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Greaves Cotton — Quarterly revenue & net profit
Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.0K Cr, net profit ₹2 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Greaves Cotton Ltd's management said in earlier quarters
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were Greaves Cotton Q1 FY27 results?
Excel business has returned to growth, with 14% YoY growth in the quarter and revenues just under INR 70 crores; margins exceeding 25% EBITDA. Greaves Cotton projects margin recovery with Q2 FY27 expected to be marginally better than Q1 and H2 outperforming H1, staying on track with Greaves.Next margin targets.
What is Greaves Cotton share price analysis?
Greaves Cotton currently shows a below-average growth signal. The stock trades at a P/E of 45.0 with a market cap of ₹4,484 Cr. Investors should review the full earnings analysis for detailed insights.
Is Greaves Cotton planning capital expenditure?
Greaves Cotton invested INR 50 crores in Greaves Finance Limited (GFL) and INR 331 crores in Greaves Electric Mobility Limited (GEML) as part of capital allocation.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.