Greaves Cotton Q4 FY26 Result: Net profit dips 6%; revenue surges to ₹1,000 crore YoY

Greaves Cotton reported a decline in its consolidated net profit of 6.2% to ₹23 crore for the quarter ending March 31, 2026. Its net profit for Q4 FY25 was at ₹24 crore.

The company’s revenue from operations stood at ₹1,000 crore during the quarter under review as compared to ₹823 crore in the same quarter last fiscal year, marking an increase of 21.5% year-on-year (YoY).

The engineering company’s operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA) for Q4 FY26, grew 48% to ₹68 crore as against ₹46 crore seen in the corresponding quarter the previous year.

Its margin also improved to 6.8% from an earlier 5.6% YoY.

Greaves Cotton’s board of directors has also recommended a dividend of ₹2 per share (100%) on the face value of ₹2 each for the financial year ended March 31, 2026. “The dividend, if declared and approved by the shareholders, shall be payable within 30 days from the date of the Annual General Meeting,” it said in a regulatory filing.

The company said that FY26 was a year of strong execution and broad-based growth across core businesses, with growth across all segments contributing to the firm’s performance, supported by healthy demand, sharper operating discipline, and strategic interventions.

The firm’s international business continued to be a growth driver, contributing 13% across energy, mobility and industrial businesses.

“We delivered a robust 22% growth at a consolidated level driven by strong demand, improved profitability and disciplined execution. This was propelled by good momentum in the international business, particularly in the mobility business as we continued to focus on deepening partnerships and customer relationships with global OEMs,” said Parag Satpute, MD & Group CEO, Greaves Cotton.

Segment updates

Energy Solutions delivered continued growth momentum, with revenue increasing 17% in Q4 FY26 and 20% for FY26. Its performance was led by a sharp 35% YoY growth during the year in aftermarket, post-integration of sales and service.

Mobility Solutions recorded 16% growth in FY26 and 20% in Q4 FY26, supported by strong demand in international business, particularly for Euro V+ compliant diesel engines, as well as robust domestic demand across key end-use segments.

Industrial Solutions delivered 6% in FY26 and 15% growth in Q4 FY26 driven by strong demand across agri, firefighting and defence applications.

International Business, identified as a key growth priority, grew in contribution to the core business revenue from 9% to 13% in FY26.

Outlook for FY27

Building on a strong FY26, the company enters FY27 with clear momentum and strategic clarity. “We remain committed to strengthening execution, enhancing margins, and building a more resilient business. At the same time, we are closely monitoring the evolving macroeconomic environment and will act with agility to mitigate any potential headwinds,” Greaves Cotton said.

Greaves Cotton said it is well-positioned to deliver disciplined, high-quality growth across its core businesses, while continuing to scale new opportunities and evaluate entry into strategic adjacencies, supported by a strengthened operating foundation.

On Wednesday, shares of Greaves Cotton settled at ₹173.17 apiece on the National Stock Exchange, gaining 2.81%. The earnings were, however, after the market hours.