Greaves Cotton Limited announced a robust financial performance for the quarter and nine months ended December 31, 2025. On a consolidated basis, Q3 FY26 revenue grew by 17% year-on-year to ₹875 crore, with EBITDA increasing by 57% to ₹62 crore and Profit Before Tax (PBT) at ₹37 crore. For the nine-month period (9M FY26), consolidated revenue reached ₹2436 crore, a 16% year-on-year increase, with EBITDA of ₹171 crore and PBT of ₹111 crore. Standalone revenue for Q3 FY26 stood at ₹575 crore, with EBITDA at ₹78 crore and PBT at ₹74 crore, marking a 14% year-on-year growth in revenue and an 18% increase in EBITDA. For 9M FY26, standalone revenue was ₹1667 crore, with EBITDA of ₹232 crore and PBT of ₹226 crore, showing a significant 33% year-on-year growth in PBT driven by strong export momentum and operational efficiencies. Mr. Parag Satpute, MD & Group CEO, highlighted the strong execution across businesses, steady demand in Energy, Mobility, and Industrial Solutions, and momentum in international business. He also mentioned that the company is on track with its strategic priorities under GREAVES.NEXT, which includes strengthening operating foundations, building customer partnerships, and selective investments for future readiness, all while maintaining disciplined capital allocation. The company plans a medium-term investment outlay of ₹500-700 crore to strengthen core capabilities and support new product development, including investments in fuel-agnostic engines, advanced gensets, and rare-earth-free motors. The international business, which forms 14% of revenues in 9M FY26, continues to be a key growth lever. Business segment performance showed Energy Solutions revenue rising 21% YoY in 9M FY26, Mobility Solutions delivering 15% YoY revenue growth in 9M FY26, and Industrial Solutions progressing steadily with new defence orders and an expanded marine engine portfolio. Investee business GEML saw E-2W volumes increase by 40% quarter-on-quarter in Q3 FY26, improving market share to 5.0%. Greaves Finance Limited (GFL) expanded its reach and managed Assets Under Management (AUM) of approximately ₹445 crore. The company received two awards: 'Best Governed Company in the ‘Listed Segment: Emerging Category’ from the Institute of Company Secretaries of India and the Best Process Control Award from Stanley Black & Decker.
