Greaves Cotton's Q2 FY 2025-26 Quarterly Results

Result Summary

• Greaves Cotton Ltd reported a 8.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 14.9%.
• Its expenses for the quarter were up by 10.5% QoQ and 11.6% YoY.
• The net profit decreased 69.7% QoQ and decreased 144.1% YoY.
• The earnings per share (EPS) of Greaves Cotton Ltd stood at 1.11 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Greaves Cotton Ltd is a diversified engineering company with a rich history in India. The company is primarily engaged in manufacturing and marketing a range of products, including diesel/petrol engines, generator sets, agro equipment, and electric mobility solutions. Greaves Cotton has been a significant player in India's engine and power generation industry, serving sectors such as automotive, industrial, and agriculture. In recent years, the company has expanded its footprint into electric vehicles, reflecting a strategic pivot towards sustainable mobility solutions. However, due to the limitations of the data provided, recent major developments within the company cannot be addressed in this report.

Revenue

In the second quarter of fiscal year 2026 (Q2FY26), Greaves Cotton Ltd reported a total income of ₹825.89 crores. This represents an increase of 8.2% compared to the first quarter of fiscal year 2026 (Q1FY26), where the total income was ₹763.47 crores. On a year-over-year basis, the company experienced a 14.9% growth in total income compared to ₹719.09 crores reported in the second quarter of fiscal year 2025 (Q2FY25). This upward trajectory in revenue indicates a consistent growth pattern over both the quarterly and annual comparisons.

Profitability

For Q2FY26, Greaves Cotton Ltd's profit before tax stood at ₹26.95 crores, reflecting a decrease of 37.4% from Q1FY26's ₹43.02 crores. However, this marks a significant improvement on a year-over-year basis, with an increase of 1389.0% from ₹1.81 crores in Q2FY25. The profit after tax for Q2FY26 was ₹6.32 crores, a decline of 69.7% from the previous quarter's ₹20.85 crores. Compared to Q2FY25, which recorded a loss of ₹14.33 crores, there is a notable improvement. The earnings per share (EPS) for Q2FY26 was ₹1.11, decreasing by 21.8% from ₹1.42 in Q1FY26, yet showing an improvement from a negative EPS of ₹-0.14 in Q2FY25.

Operating Metrics

The total expenses for Greaves Cotton Ltd in Q2FY26 were ₹795.36 crores, which marks a 10.5% increase from Q1FY26's expenses of ₹719.93 crores. Year-over-year, there was an 11.6% increase from expenses of ₹712.98 crores in Q2FY25. The tax expenses for Q2FY26 were ₹20.63 crores, a slight decrease of 6.9% from ₹22.17 crores in Q1FY26. However, compared to Q2FY25, tax expenses increased by 27.8% from ₹16.14 crores. These operating metrics provide insight into the company's cost structure, indicating variations in expense management across different periods.