Greaves Cotton FY26: Revenue ₹3,436.62 cr, PAT ₹35.29 cr

FY26 earnings set the base for FY27

Greaves Cotton has reported a turnaround in consolidated profitability for FY26 alongside double-digit revenue growth, based on figures shared in its results commentary and data tables. For the full year FY26, consolidated revenue reached ₹3,436.62 crore, up 18% year-on-year from ₹2,918.44 crore in FY25. Consolidated profit after tax (PAT) stood at ₹35.29 crore, compared with a loss of ₹6.28 crore in FY25. The company has also scheduled a quarterly earnings call on August 5, 2026 at 11:00 AM IST to discuss performance for the quarter ended June 30, 2026 (Q1 FY27). These disclosures matter for investors tracking the company’s operating trajectory after a year of improving margins and profitability.

FY26 consolidated: growth and margin movement

The FY26 update highlights improvement across profitability lines. The company reported annual consolidated EBITDA of ₹239 crore and Operating PBT of ₹154 crore. Operating PBT margins expanded by 210 basis points during the year, as stated in the FY26 annual profitability summary. The shift to a positive PAT in FY26 marks a notable change from FY25 when the company reported a loss. While the dataset does not provide a full segment-wise annual break-up, it includes quarterly and divisional references that show contributions from engineering, electric mobility, and other units during FY25 and FY26. For readers, the key takeaway is that the reported FY26 performance combines revenue scale-up with an improvement in operating margins.

Q4FY26 consolidated: revenue up, PAT modest

For Q4FY26, consolidated revenue was reported at ₹1,000.26 crore, a 21.56% year-on-year increase from ₹822.83 crore in Q4FY25. On a quarter-on-quarter basis, revenue rose 14.25% from ₹875.47 crore in Q3FY26. The company reported consolidated EBITDA of ₹68 crore for Q4FY26. Operating Profit Before Tax (PBT) before exceptional items was stated at ₹43.61 crore (approximately ₹44 crore). Consolidated PAT for the quarter stood at ₹2.20 crore, compared with ₹1.53 crore in Q4FY25. The small absolute quarterly PAT figure, despite higher revenue, is an important data point for investors focusing on consistency of earnings conversion.

Standalone FY26 and Q4FY26 performance in the data

Alongside consolidated numbers, the dataset also includes standalone highlights. Standalone revenue for Q4FY26 was ₹697.55 crore, up 21.65% year-on-year from ₹573.41 crore in Q4FY25 and up 21.35% sequentially from ₹574.81 crore in Q3FY26. Standalone EBITDA and Operating PBT for the quarter both stood at ₹87 crore, according to the note. For the full year FY26, standalone revenue was ₹2,364.56 crore, up 19% year-on-year from ₹1,988.02 crore in FY25. Standalone FY26 PAT was ₹200.07 crore, up 7.64% year-on-year from ₹185.87 crore in FY25. This divergence between standalone and consolidated PAT in the provided data suggests that investors should watch how subsidiary-level performance and exceptional items influence consolidated profitability.

Quarterly trend: Mar 2025 to Mar 2026 snapshot

The quarterly result table (all figures in ₹ crore) shows how revenue and costs moved over five quarters. Net sales moved from ₹573.41 crore (Mar 2025) to ₹697.55 crore (Mar 2026), while total expenditure rose from ₹489.10 crore to ₹610.06 crore over the same period. Operating profit remained positive across all listed quarters, ranging from ₹75.83 crore to ₹87.49 crore. Exceptional items turned negative in Sep 2025 and remained negative through Mar 2026, with -₹15.75 crore in Dec 2025 and -₹15.98 crore in Mar 2026. Profit after tax in the table declined from ₹61.81 crore (Mar 2025) to ₹47.75 crore (Mar 2026). Adjusted EPS (₹) in this table moved from 2.66 (Mar 2025) to 2.05 (Mar 2026).

Q3 pointers in the dataset: FY25 and FY26

The dataset includes a summary stating Greaves Cotton reported a 6.0% quarter-on-quarter increase in consolidated revenues for the quarter-ended Dec (Q3FY25), and 12.1% growth year-on-year. It also states expenses were up 3.8% QoQ and 13.4% YoY in that quarter. The same section reports that net profit decreased 146.6% QoQ and decreased 85.4% YoY, and that EPS stood at 0.9 during Q3FY25. Separately, another Q3FY26 snapshot lists revenue at ₹875.47 crore versus ₹750.6 crore in Q3FY25 (17% change), PBT at ₹17.31 crore versus ₹28.6 crore (-39%), and PAT at ₹5.92 crore versus ₹6.68 crore (-11%), with EPS of 1.1 for Q3FY26. Together, these lines show that revenue growth has not always translated into proportionate profit growth, a recurring theme in the provided quarterly details.

Market metrics: price levels, market cap, and ranges

The dataset shows multiple market-related points. One price panel lists 214.05 with a change of +8.80 (4.29%), while another line states the current share price of Greaves Cotton is ₹208.61. The 52-week high and low are listed as ₹244.55 and ₹120.05, and “today’s low” is shown as ₹218.8 with another low figure ₹204.05 appearing in the same block. On valuation, one line states market capitalisation as of Mar ’26 stood at ₹5,221.84 crore, while another answer format reports market capitalisation at ₹4,859.599864674 crore based on the latest share price. The dataset also lists EPS (TTM) at ₹8.59, sales growth at 11.78%, and profit growth at -34.64%, along with period break-ups (1-year, 3-year, 5-year) for both sales and profit growth.

Dividend recommendation for FY26

For FY ended March 31, 2026, the Board of Directors recommended a final dividend of ₹2 per share (100%) on the face value of ₹2 each. This is the only explicit dividend figure in the provided text. Investors typically track dividend recommendations alongside profit stability and cash generation, but the dataset does not provide cash flow details. The dividend recommendation sits alongside the FY26 improvement in consolidated PAT versus FY25. It also comes with a higher standalone PAT figure for FY26 as provided in the standalone summary.

Q1 FY27 earnings call: date, time, and dial-in

Greaves Cotton has scheduled its Q1 FY27 earnings call for Wednesday, August 5, 2026, to discuss performance for the quarter ended June 30, 2026. The conference is set to begin at 11:00 AM IST. The dataset lists domestic dial-in numbers as +91 22 6280 1102 and +91 22 7115 8003. Such calls are typically used to walk investors through quarterly trends, margins, segment performance, and any exceptional items, although no agenda beyond the quarterly review is provided here. With FY26 showing an annual turnaround in consolidated PAT, commentary around Q1 FY27 demand and profitability will be watched.

Uniresearch estimate: Q1 FY27 vs Q1 FY26 base

The text includes a forecast tagged as an “Uniresearch estimate” for Greaves Cotton Q1 results FY27. It projects revenue of ₹869 crore for Q1 FY27, implying +16.5% year-on-year growth, and PAT of ₹10 crore, implying -50.0% year-on-year change. The same note states that Q1 FY26 actuals were revenue of ₹745 crore and PAT of ₹21 crore, forming the base for the estimate. This estimate is presented as a projection and not as company-reported performance. The dataset also includes a separate quarterly table where total revenue is listed as ₹745.43 crore for Jun 25, providing a more precise revenue number for that base quarter.

Key numbers table

What to watch in the call and subsequent filings

The FY26 dataset points to two simultaneous threads: revenue growth and improving operating metrics, alongside quarterly volatility in bottom-line outcomes. The quarterly table highlights negative exceptional items in Sep 2025, Dec 2025, and Mar 2026, which can influence reported profit lines. Investors may look for clarity on the drivers behind margin changes, expense control, and the impact of exceptional items on consolidated results. The call may also help reconcile how standalone profitability compares with consolidated profitability, given the difference between standalone FY26 PAT (₹200.07 crore) and consolidated FY26 PAT (₹35.29 crore) in the provided summaries. Separately, the Uniresearch estimate sets a reference point for expectations on Q1 FY27, but it remains a third-party projection.

Conclusion

Greaves Cotton’s FY26 numbers show consolidated revenue of ₹3,436.62 crore with PAT at ₹35.29 crore, alongside a higher standalone PAT reported at ₹200.07 crore. Q4FY26 revenue growth was strong, but consolidated PAT remained low at ₹2.20 crore for the quarter. The next formal checkpoint is the Q1 FY27 earnings call on August 5, 2026 at 11:00 AM IST, where management commentary will add context to the quarterly trajectory and reported operating metrics.