GREAVES COTTON LTD.

Greaves Cotton Limited reported a consolidated revenue of INR 975 crores for Q1 FY27, reflecting a year-on-year growth of 31%. The core businesses contributed INR 710 crores, growing 16% year-on-year. Management highlighted strong demand in the Energy Solutions segment, which grew 21%, and the Mobility Solutions segment, which saw a 36% increase in automotive engine sales. The Industrial Solutions segment remained stable, with reported revenues flat year-on-year but grew by 9% when accounting for portfolio rationalization. Management acknowledged margin pressures due to increased commodity prices and strategic investments, but indicated that measures to mitigate these pressures would begin to show effects in Q2. The company also emphasized its commitment to expanding international operations and investing in technology and innovation. Additionally, Greaves Electric Mobility Limited reported a record volume growth of 101% year-on-year, supported by a successful rights issue.

Management emphasized strong revenue growth and strategic advancements despite margin pressures.