Greaves Cotton Q4 net profit slips 6% despite ₹1,000 crore revenue; declares dividend

Diversified engineering company Greaves Cotton Ltd on Wednesday (May 6) reported a 6.3% year-on-year decline in net profit for the fourth quarter at ₹22.5 crore, compared with ₹24 crore in the year-ago period.

Revenue for the quarter rose 21.5% to ₹1,000 crore from ₹822.8 crore a year earlier. The company said performance was driven by strong execution across businesses and sustained strategic momentum.

EBITDA increased 48.3% to ₹68 crore in the quarter, compared with ₹56 crore in the same period last year. EBITDA margin improved to 6.8% from 5.6% a year ago.

On a standalone basis, revenue also rose 22% to ₹698 crore. EBITDA and operating profit before tax were ₹87 crore each.

For FY26, consolidated revenue increased 18% to ₹3,437 crore, while EBITDA stood at ₹239 crore and operating profit before tax at ₹154 crore. Operating profit margins expanded by 210 basis points. Standalone FY26 revenue rose 19% to ₹2,365 crore, with EBITDA at ₹320 crore and operating profit before tax at ₹312 crore. Margins expanded by 40 basis points.

business contributed 13% to core business revenue in FY26, up from 9% in the previous year, spanning Energy, Mobility and Industrial segments. In Energy Solutions, revenue rose 17% in Q4 and 20% in FY26, supported by 35% year-on-year growth in the aftermarket following sales and service integration.

Mobility Solutions grew 20% in Q4 and 16% in FY26, driven by international demand for Euro V+ compliant diesel engines and domestic demand across end-use segments. Industrial Solutions grew 15% in Q4 and 6% in FY26, supported by demand in agri, firefighting and defence applications.

Greaves Electric Mobility recorded 61,597 electric two-wheeler registrations in FY26, up 51% year-on-year, and ended Q4 with a 4.4% market share. The company launched Magnus 6.0, the next-generation model of its Magnus platform.

Greaves Finance reported assets under management of over ₹521 crore, up from ₹445 crore in December. The business onboarded new OEM partners, including Simple, Suzuki and Ultraviolette and introduced new products.

Greaves Cotton recommended a dividend of ₹2 per share for the financial year ended March 31, 2026. The dividend is 100% on the face value of ₹2 per share. The company said the dividend will be paid within 30 days from the date of the Annual General Meeting, subject to shareholder approval.

Shares of Greaves Cotton Ltd ended at ₹173.25, up by ₹4.75, or 2.82%, on the BSE.