$GREAVESCOT Reaps Rewards of Decade-Long Diversification Strategy

$GREAVESCOT has successfully transformed from a business dependent on diesel three-wheeler engines (which comprised 80% of its portfolio a decade ago) to a broad engineering firm, with three-wheeler engines now accounting for just over 25% of operations. New Operational Architecture: Under its "***** strategy, the company has reorganized its core business away from a basic auto vs. non-auto split into three distinct, forward-looking verticals: mobility solutions (two-thirds of revenue), energy solutions (one-quarter of revenue), and industrial solutions (one-tenth of revenue). Strong FY26 Financial Performance: The diversification playbook is yielding clear financial gains. For the fiscal year 2026, consolidated revenue grew by 18% to ₹3,437 crore, EBITDA surged 76% to ₹240 crore, and net profit attributable to owners nearly doubled to reach ₹107 crore. Insulation from Market Shocks: By expanding its presence across diverse sectors—including agriculture, marine, railways, and defense—the company has effectively minimized its seasonality risks and built a buffer to better withstand future regulatory shifts and demand cycles. Future Expansion and EV Challenges: Looking ahead, the company targeting 16% to 18% organic revenue growth and planning future expansions into defense and aerospace via joint ventures and acquisitions. However, its electric vehicle arm, Greaves Electric Mobility (Ampere), continues to experience market-share declines and remains an EBITDA drag on overall corporate profitability