Greaves Cotton Ltd. Share Price

Greaves Cotton Q2: Revenue Soars, Profit Hit by Costs

Greaves Cotton reported strong revenue growth in Q2 FY27 (ended 30 September 2026), but profits plunged due to heavy exceptional costs and losses in its electric mobility arm. Standalone profit was ₹41.31 crore, while consolidated results showed a net loss of ₹29.81 crore. 📊 Key Financial Highlights – Q2 FY27 Standalone Revenue: ₹682.18 crore (+23.7% YoY) Standalone PAT: ₹41.31 crore (-21.4% YoY) Consolidated Revenue: ₹1,176 crore (+44% YoY) Consolidated Net Loss: ₹29.81 crore (vs profit last year) EBITDA: ₹73–74 crore (+41–43% YoY) EBITDA Margin: ~6.3% (flat YoY) ⚙️ Drivers of Performance Revenue Growth: Core businesses (Energy, Mobility, Industrial Solutions) grew 24% YoY. Greaves Electric Mobility Ltd (GEML): revenue doubled to ₹410 crore (+106% YoY) with strong EV sales. Exceptional Costs: ₹12.66 crore linked to cancelled IPO of GEML. ₹20.09 crore impairment on Bestway Agencies brand goodwill. Total one-off items: ₹32.75 crore, dragging consolidated earnings. Segment Losses: Electric mobility division posted ₹48.67 crore loss despite revenue surge. Finance subsidiary raised ₹185 crore NCDs at 10.5% coupon, adding debt pressure. 📈 Market Reaction Stock Price (30 Oct 2026): NSE: ₹204.88 (▼ 9.68%) BSE: ₹201.95 (▼ 7.68%) Trend: Strong downtrend; technicals show bearish momentum. 52-week range: ₹120.05 – ₹272.00. 🔮 Strategic Outlook ***** Strategy: Focus on diversification across energy, mobility, and industrial solutions. EV Push: New launches – Ampere Nexus EX+, Magnus G-Max; expanded dealer network to 600+. Industrial Expansion: New 750 HP firefighting engine and 470 cc diesel engine for 3W applications. ⚠️ Risks & Watchpoints Electric Mobility Losses: GEML still burning cash; breakeven remains uncertain. Debt Load: High-interest borrowings could strain margins. Execution Risk: Success depends on scaling EV operations and stabilizing profitability.

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Greaves Cotton Q2 Profit Falls 81% Despite 44% Growth

reported a mixed performance in Q2 FY27, with consolidated revenue from operations rising 44.3% year-on-year to ₹1,175.91 crore, compared with ₹815.46 crore in Q2 FY26. However, net profit attributable to owners plunged 81.5% to ₹4.82 crore from ₹26.01 crore, highlighting the gap between strong sales growth and bottom-line performance. Consolidated EBITDA increased 43.1% to approximately ₹73 crore, while the EBITDA margin remained almost flat at 6.2% against 6.25% a year earlier. The reported profit was affected by ₹32.75 crore in exceptional charges, including expenses linked to the decision not to proceed with the proposed IPO of Greaves Electric Mobility and impairment of goodwill and brand value. Separately, higher material costs also weighed on profitability. The electric mobility business remained an important growth driver. Greaves Electric Mobility reported revenue of approximately ₹410 crore, up 106% year-on-year, while its EBITDA loss narrowed to around ₹24 crore from ₹42 crore. Meanwhile, the company's core businesses generated ₹768 crore in quarterly revenue, an increase of 24%. From a research perspective, revenue growth and improving EV economics are encouraging, but margin pressure remains a key concern. Investors should monitor commodity prices, the recovery of core-business margins, EV profitability and the impact of exceptional charges on reported earnings. The distinction between recurring operating performance and one-off expenses is particularly important when evaluating this quarter. Learning Takeaway: Strong revenue growth does not automatically translate into higher net profit. Investors should examine EBITDA margins, exceptional items, segment-level performance and cash-flow trends to understand the quality of earnings. Disclosure: This post is for educational purposes only and does not constitute investment advice. Any holdings or conflicts of interest should be disclosed separately.

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engine technologies, retail/aftermarket Greaves Electric

Strengths Established engineering and automotive heritage with a long operating track record. Diversified exposure across powertrain/engineering, aftermarket and electric mobility. Core standalone business delivered strong Q1 FY27 growth, with standalone revenue of about ₹629 Cr, up from ₹541 Cr in Q1 FY26. Electric mobility provides exposure to India's growing EV two-wheeler market. Ampere is an established EV brand, with the company continuing to expand its electric-mobility portfolio. Weaknesses Consolidated profitability remains under pressure because the electric-mobility business is still loss-making. Q1 FY27 consolidated revenue increased 30.7% YoY to ₹974.12 Cr, but consolidated PAT was only ₹6.16 Cr. Q1 FY27 consolidated EBITDA declined about 10.3% YoY to ₹67.27 Cr, indicating margin pressure despite strong revenue growth. EV expansion requires significant capital and continued investment in products, distribution and technology. Traditional engine-related businesses face structural pressure from increasing electrification. Opportunities India's increasing electric two-wheeler adoption. Expansion of Ampere into additional customer segments and geographies. EV financing and distribution partnerships can improve accessibility; Ampere recently partnered with Muthoot Capital for EV financing. Growth in aftermarket, retail and service businesses provides potential recurring revenue. Export and international expansion can diversify the revenue base. New technologies and energy-transition applications could provide additional avenues for the engineering business. Threats Intense competition in India's electric two-wheeler market. Battery costs, technology changes and EV price competition. Continued losses in electric mobility could pressure consolidated cash flows and margins. Changes in government EV incentives and regulations. Commodity and input-cost volatility.

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Elecon Engineering Q1 FY27 Results , strong quarter

Elecon Engineering Company Ltd. (ELECON) has delivered another strong quarter, driven by robust order inflows and margin expansion in its transmission and material‑handling segments. The company continues to benefit from industrial capex recovery and government infrastructure spending. ⚙️ Elecon Engineering Q1 FY27 Highlights (September 2026) 💰 Financial Performance Revenue: ₹ 823 crore  (▲ 18% YoY) EBITDA: ₹ 184 crore  (▲ 22% YoY) EBITDA Margin: 22.3% vs 21.5% last year Net Profit: ₹ 118 crore  (▲ 25% YoY) EPS: ₹ 10.2 vs ₹ 8.1 YoY 📈 Stock & Valuation NSE Price (23 Sept 2026): ₹ 1,085 1‑Year Gain: + 62% Market Cap: ₹ 12,900 crore P/E Ratio: ≈ 28× TTM Promoter Holding: 59.4% 🏗️ Business Updates Order Book: ₹ 2,850 crore (▲ 30% YoY) New Orders: Heavy gear contracts from NTPC and Adani Power Exports: Up 41% YoY — strong traction in Europe and Middle East Capex Plan: ₹ 250 crore for capacity expansion in Vallabh Vidyanagar plant Subsidiary Performance: Elecon Transmission showed record operating profit 🌍 Industry Context Industrial Capex Cycle: Revival in steel, cement, and power sectors boosting gear demand Government Infra Push: Railways and defence orders expected to add ₹ 500 crore in FY27 Peers: Triveni Engineering, Greaves Cotton also reporting double‑digit growth 💡 Investor Takeaways Strong execution visibility with record order book Margin expansion trend likely to continue through FY27 Valuation premium justified by steady earnings growth Watch for: Export momentum and new defence gear contracts

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Greaves Cotton Expands Control Over Excel Controlinkage

Greaves Cotton is in focus after acquiring the remaining stake in its subsidiary, Excel Controlinkage. The transaction makes Excel Controlinkage a wholly owned subsidiary of Greaves Cotton. Excel Controlinkage operates in the manufacturing of control cables and related components. The acquisition is expected to give Greaves Cotton greater control over the subsidiary’s operations and future growth strategy. Investors are watching whether the move can improve business synergies and profitability. The company is also looking to strengthen its presence across industrial and mobility-related businesses. The development is a fresh corporate trigger and is not related to Q1 results. Greaves Cotton could therefore remain on the NSE watchlist in the coming sessions.

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