Greaves Cotton Ltd, engaged in manufacturing engines, engine applications, and trading of power tillers, engine spares, electric vehicles, and infrastructure equipment, reported a notable turnaround in Q2FY26.
Financial Highlights:
- Revenues increased 15.62% year-on-year to ₹815.46 crore from ₹705.31 crore.
- Total expenses rose 11.55% to ₹795.36 crore from ₹712.98 crore.
- Consolidated net profit stood at ₹6.32 crore versus a loss of ₹14.33 crore in the same quarter last year.
- Earnings per share improved to ₹1.12 from a loss per share of about ₹0.14.
The swing to profit was driven by healthy top-line growth, improved mix from the e‑mobility and engines business, and better cost control, which together expanded margins despite input cost pressures.
Outlook:
Greaves Cotton Ltd aims to leverage its growing electric mobility franchise, strengthen core engine applications, and drive operating efficiencies to sustain profitability in coming quarters.
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