Greaves Cotton Ltd
Greaves Cotton Q2 Results 2026 (FY27) investor presentation: Revenue & Margins
Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.
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Based on Greaves Cotton Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.
The short version
Q2 FY27 Revenue: - GCL Consolidated: ₹1,176 Cr, up 44% YoY (Q2 FY26: ₹815 Cr) - Core Businesses: ₹768 Cr, up 24% YoY (Q2 FY26: ₹621 Cr) - GEML Consolidated (Investee): ₹410 Cr, up 106% YoY (Q2 F GCL Consolidated Q2FY27: - EBITDA: ₹73 Cr, 43% YoY growth (from ₹51 Cr in Q2FY26) - EBITDA Margin: 6.2% (Q2FY26 was 6.3%) - Profit Before Tax (PBT): -₹16 Cr (down from ₹27 Cr in Q2FY26) - PBT Margin: -1.4% (compared to 3.3% in Q2FY26) - GCL Standalone Q2FY27: - EBITDA: ₹69 Cr, down 11% YoY (from ₹78 Cr in Q2FY26) - EBITDA Margin: 10.1% (down from 14.2%) - Profit Before Tax (PBT): ₹56 Cr, down 22% YoY (from ₹72 Cr) - PBT Margin: 8.2% (down from 13%) - Core Businesses Q2FY27: - EBITDA: ₹88 Cr, down 4% YoY - EBITDA Margin: 11.5% (down from 14.8%) - Business PBT: ₹76 Cr, down 12% YoY - Business PBT Margin: 9.9% (down from 13.9%) - Margin Outlook: - The presentation indicates EBITDA margins under pressure due to commodity and input cost inflation.
From Greaves Cotton Ltd's Q2 FY27 earnings-call transcript · updated 29 Oct 2026.
Revenue & Sales Performance
- Q2 FY27 Revenue:
- GCL Consolidated: ₹1,176 Cr, up 44% YoY (Q2 FY26: ₹815 Cr)
- Core Businesses: ₹768 Cr, up 24% YoY (Q2 FY26: ₹621 Cr)
- GEML Consolidated (Investee): ₹410 Cr, up 106% YoY (Q2 FY26: ₹199 Cr)
- Volumes:
- GEML Volumes grew 107% YoY to 53.7K units in H1 FY27 from 25.2K in H1 FY26
- E2W Volumes: 37,649 units in Q2 FY27, up 114% YoY
- L5 3W Volumes: 2,796 units in Q2 FY27, up 61% YoY
- Market Share:
- GEML E2W market share increased to 4.8% in H1 FY27 (from 4.1% in H1 FY26)
- #1 ranked OEM in Bihar & #2 in Tamil Nadu for Q2 FY27
- Outlook:
- Targeting 16-20% CAGR in growth with ₹500–700 Cr organic growth engine investment
2 more points from Greaves Cotton Ltd's call on revenue
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Profitability & Margins
See what Greaves Cotton Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Fully subscribed ₹331 Cr rights issue of Greaves Electric Mobility Ltd (GEML) in July 2026 for growth capital.
- Completed 100% acquisition of Excel Controlinkage (Engineered Components) for ₹113 Cr, expanding platform.
- Ranipet facility (Tamil Nadu) has annual E2W manufacturing capacity of 4,80,000 units supporting mid-term ramp-up.
- Toopran facility (Telangana) has annual 3W manufacturing capacity of 18,000 units.
2 more points from Greaves Cotton Ltd's call on capex
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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
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Order Book & Pipeline
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Greaves Cotton Ltd — Quarterly revenue & net profit
Q2 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q2 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
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY25 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 →
Others in Industrial Products this season
- Welspun Corp Ltd (Q2 FY27)
Q2FY27 Revenue from Operations: ₹4,644 crore, up 6% YoY from ₹4,374 crore in Q2FY26 (Page 9, 12). Key investor presentation takeaways from Welspun Corp Ltd's Q2
- Borosil Scientific Ltd (Q2 FY27)
Rs 10,689.88 lakhs (~7.53% increase). Key results statement takeaways from Borosil Scientific Ltd's Q2 FY27 results statement — and how it ranks against sector
- Manaksia Coated Metals & Industries Ltd (Q2 FY27)
9,836.53 lakhs (~44.6% increase) . Key results statement takeaways from Manaksia Coated Metals & Industries Ltd's Q2 FY27 results statement — and how it ranks a
- Goodluck India Ltd (Q2 FY27)
Q2 FY27 Volume: 133,374 units, up 18.1% YoY (Q2 FY26: 112,937 units) . Key results statement takeaways from Goodluck India Ltd's Q2 FY27 results statement — and
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Greaves Cotton Ltd Q2 FY27 results?
Q2 FY27 Revenue: - GCL Consolidated: ₹1,176 Cr, up 44% YoY (Q2 FY26: ₹815 Cr) - Core Businesses: ₹768 Cr, up 24% YoY (Q2 FY26: ₹621 Cr) - GEML Consolidated (Investee): ₹410 Cr, up 106% YoY (Q2 F GCL Consolidated Q2FY27: - EBITDA: ₹73 Cr, 43% YoY growth (from ₹51 Cr in Q2FY26) - EBITDA Margin: 6.2% (Q2FY26 was 6.3%) - Profit Before Tax (PBT): -₹16 Cr (down from ₹27 Cr in Q2FY26) - PBT Margin: -1.4% (compared to 3.3% in Q2FY26) - GCL Standalone Q2FY27: - EBITDA: ₹69 Cr, down 11% YoY (from ₹78 Cr in Q2FY26) - EBITDA Margin: 10.1% (down from 14.2%) - Profit Before Tax (PBT): ₹56 Cr, down 22% YoY (from ₹72 Cr) - PBT Margin: 8.2% (down from 13%) - Core Businesses Q2FY27: - EBITDA: ₹88 Cr, down 4% YoY - EBITDA Margin: 11.5% (down from 14.8%) - Business PBT: ₹76 Cr, down 12% YoY - Business PBT Margin: 9.9% (down from 13.9%) - Margin Outlook: - The presentation indicates EBITDA margins under pressure due to commodity and input cost inflation.
What is Greaves Cotton Ltd share price analysis?
Greaves Cotton Ltd currently shows a neutral. The stock trades at a P/E of 42.4 with a market cap of ₹4,225 Cr. Investors should review the full earnings analysis for detailed insights.
Is Greaves Cotton Ltd planning capital expenditure?
Fully subscribed ₹331 Cr rights issue of Greaves Electric Mobility Ltd (GEML) in July 2026 for growth capital.
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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.