Greaves Cotton Limited · NSE:GREAVESCOT
Greaves Cotton — Q1 FY27 Earnings Presentation
33 slides from Greaves Cotton's earnings presentation, Aug 4, 2026
Slide 1: Cover letter to stock exchanges
04th August, 2026 To, The Manager – Listing The Manager - Listing BSE Limited National Stock Exchange of India Limited BSE Code – 501455 NSE Code - GREAVESCOT Dear Sir / Madam, Sub: Investor Presentation In furtherance to our intimation dated 28th July, 2026 and pursuant to Regulation 30 of SEBI (Li
Slide 2: Greaves Cotton Limited Investor Presentation Q1 FY27
GREAVES COTTON LIMITED Empowering Lives Investor Presentation Q1 FY27
Slide 3: Table of Contents
Table of CONTENTS 1. Company at a Glance 2. Business Performance 3. Annexures 3a. Financial backups 3b. Greaves.Next Strategy 2
Slide 4: Company at a Glance
Company E& ‘At a glance
Slide 5: Legacy, Reinvented
Legacy, Reinvented 165 Years of Engineering. Now Powering India’s Energy & Mobility Future We have evolved primarily from To a Trusted, Innovative being a pioneer in Future-Ready, Single Product, Engineering Solutions Single Fuel Company Company 4
Slide 6: Greaves for India
Greaves for India Empowering Lives Across Every Mile of India’s Energy & Mobility Journey About our Company Manufacturing & Distribution Footprint Founded in 1859, Transforming into a Core Values One of India’s oldest Future-Ready Mobility & • Transparency engineering companies Engineering Leader •
Slide 7: Greaves: Leveraging Global Partnerships
Greaves: Leveraging Global Partnerships An Indian Company Transitioning its Presence to a Global Footprint With long-standing global OEM relationships, international business remains a core growth engine, contributing a double-digit share across GCL and Excel and supported by a strong presence in di
Slide 8: A Journey of Growth Since 1859
A Journey of Growth Since 1859 Built on Legacy. Driving India Forward 1859 1947 1998 2006 2023 2025 Founded by James Greaves; Became an Indian company Partnered with Piaggio Inaugurated the R&D Acquired Excel Controlinkage, Launched G499W Euro V+ diesel later strengthened by George under industriali
Slide 9: How Greaves is Different
How Greaves is Different What Defines our Uniqueness Legacy backed by strong governance – Over 165 years of expertise in engineering and product development Built on strong governance practices, including transparency, accountability, and ethical conduct. Complete Engineering Solutions Provider– Pro
Slide 10: ESG at the Core
ESG at the Core Growth with Responsibility • Commitment towards environmental sustainability is reflected across all aspects of Greaves’ operations — from manufacturing processes to technological advancements — and is validated through ISO 14001:2015 certification. • Advancing the ‘Go Green’ journey
Slide 11: Business Performance
Business performance At a glance 10
Slide 12: Greaves Cotton – Business Structure
Greaves Cotton – Business Structure ENERGY SOLUTIONS GREAVES ELECTRIC MOBILITY LTD B2B B2C MOBILITY SOLUTIONS Core Investee Businesses Businesses GREAVES FINANCE LTD INDUSTRIAL SOLUTIONS
Slide 13: Greaves.Next: Strategy in Action
Greaves.Next: Strategy in Action Incorporated a wholly owned subsidiary in Dubai, UAE – a strategic gateway to accelerate growth in Middle East & Africa and strengthen global market presence International business revenue share on track at 13% of Core business sales Appointed CTO to lead R&D and New
Slide 14: Q1 FY27 Business Update
Q1 FY27 Business Update Consolidated revenue grew 31% YoY in Q1FY27, with strong growth across both Core and Investee businesses Core businesses grew 16% YoY in Q1FY27 (19% post portfolio rationalization), driven by favourable demand, strong execution and operational efficiencies Core – Energy Solut
Slide 15: Greaves Cotton – Business Structure
Greaves Cotton – Business Structure Empowering Lives Across Every Mile of India’s Energy & Mobility Journey CORE BUSINESSES INVESTEE BUSINESSES Q1 ₹710 Cr Q1 ₹284 Cr Q1 ₹629 Cr Standalone Q1 ₹ 270 Cr Cons* Q1 ₹ 14 Cr Energy Mobility Industrial Greaves Electric Greaves Finance CONS. REVENUE^ Solution
Slide 16: Core Business – Focus Areas
Core Business – 3 Focus Areas ENERGY SOLUTIONS MOBILITY SOLUTIONS INDUSTRIAL SOLUTIONS Partner in India’s growth by providing Anchored in core engineering strengths, Wide range of engines powering a reliable generator solutions, ensuring focused on scalable and adjacent growth various customer appli
Slide 17: Energy Solutions
Energy Solutions Partner in India’s Industrial and Infrastructure growth Performance Highlights • The domestic MHP (58.5 – 500 KVA) Genset business grew segment by 32% YoY, delivering strong performance. • Deployed first 1250 kVA Megaseries genset in SAARC; continuing focus on export markets of Afri
Slide 18: Mobility Solutions
Mobility Solutions Anchored in Core Engineering Strengths, Focused on Scalable and Adjacent Growth Opportunities Performance Highlights Share of non 3W Diesel engines OE business = 60% in Q1FY27 60% AUTO Revenue (% of total)* • Strong revenue growth of 36% YoY supported by robust domestic demand and
Slide 19: Industrial Solutions
Industrial Solutions Capability Across Wide Range of Customer Applications and Engine Sizes Performance Highlights • Initiated delivery of FM-UL compliant fire-fighting engines for 11% export customers. Revenue (% of total)* • Successfully executed defence order for direct supply to the * Q1 FY27 fi
Slide 20: Core Businesses – Q1 FY27 performance
Core Businesses – Q1 FY27 performance Resilience, Recovery, Results Figures in ₹ Cr Quarterly Revenues EBITDA and margin +16% 100 20 92 90 710 612 80 203 15 Energy Solutions 168 60 14.9% Ebitda margin 12.6% 10 EBITDA 40 Mobility Solutions 362 427 5 20 Industrial Solutions 83 80 0 0 Q1FY26 Q1FY27 Q1F
Slide 21: Our Investee Cos – Complete EV ecosystem
Our Investee Cos – Complete EV ecosystem Greaves Electric Mobility Ltd Greaves Finance Ltd The electric mobility arm of Greaves, stands Brand-agnostic EV lending platform, among the E-Mobility space, designing and powered by digitised and robust manufacturing electric vehicles for over 18 underwriti
Slide 22: Investee Business - GEML
Investee Business - GEML Offering EVs with Proven Performance – Holder of International and 8 National Records Performance Highlights Co. Update • Successfully raised ₹530 Cr through a fully subscribed Rights issue, with participation from all shareholders in their proportion; reinforces confidence
Slide 23: Investee Business - GEML
Investee Business - GEML Offering EVs with Proven Performance – an International and 8 National Record Holder Performance Highlights Three-Wheeler (3W) Performance: • L5 Vahan volumes grew 39% year-on-year in FY27 • L5 E3W and L5 3Ws volumes grew by ~100% and ~35% in FY27 • Expanded financing ecosys
Slide 24: Investee Business - GFL
Investee Business - GFL Providing Tech Enabled Smart Financial Solutions for EV Owners Performance Highlights • Total Managed AUM at ₹560 Cr; Increase from ₹521 Cr in Mar ‘26 • Market Coverage. Expanded to 12 more locations, now live in 86 locations • Equity: Raised 50 Cr from GCL increasing the net
Slide 25: Disclaimers
Disclaimers This presentation may include statements of future expectations and other forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects upon Greaves Cotton Limited and its subsidiaries/ associates ("Greaves").
Slide 26: Thank You
Thank You Greaves Cotton Adfactors PR Ashish Kale Shubham Sangle ashish.kale@greavescotton.com shubham.sangle@adfactorspr.com Keya Muriya Mohit Upadhyay keya.muriya@greavescotton.com mohit.upadhyay@adfactorspr.com 25
Slide 27: Annexures
Annexures 26
Slide 28: Financial Snapshot
Financial Snapshot Figures in ₹ Cr GCL Consolidated Q1FY27 Q1FY26 Y-o-Y growth (%) Income from Operations 974 745 31% RMC (%) 69.0% 64.9% EBITDA 56 57 -1% Margin (%) 5.8% 7.6% Op. PBT* 27 44 -39% Margin (%) 2.8% 5.8% Core Businesses Q1FY27 Q1FY26 Y-o-Y growth (%) Income from Operations 710 612 16% R
Slide 29: Consolidated Revenue bridge (FY24 to FY26)
Consolidated Revenue bridge (FY24 to FY26) Figures in ₹ Cr Earlier segments FY24 Tot Rev FY25 Tot Rev FY26 Tot Rev Engines 1,191 1,360 1,749 Retail 588 628 616 GCL Standalone 1,779 1,988 2,365 ECPL (Excel) 246 268 252 GTL 35 46 48 Core Businesses 2,060 2,302 2,665 GEML Consolidated* 612 659 786 GFL
Slide 30: A New India is Emerging
A New India is Emerging So are New Expectations Aligned with India’s new expectations for SUSTAINABILITY AND ADVANCED MOBILITY STRINGENT EMISSION Capital goods sector, core to Greaves’ business, AND FUEL REGULATIONS CONTRIBUTES ~1.9% OF GDP, like BS VII UNDERSCORING ITS STRATEGIC IMPORTANCE EVOLVING
Slide 31: Our Response – GREAVES.NEXT
Our Response – GREAVES.NEXT Positioned as a Trusted, Future-Ready, Innovative Engineering Solutions Company EXPAND INTO NEW HORIZONS Expand into new segments guided by megatrends and leveraging our core strengths BUILD NEW MUSCLE ON TO THE CORE Build new muscle via new products, capabilities and geo
Slide 32: Multi Year Transformation across Key Focus Areas
Multi Year Transformation across Key Focus Areas Strengthen Enhance Breakout growth in MOBILITY SOLUTIONS INDUSTRIAL ENERGY SOLUTIONS SOLUTIONS GROWTH OFFERING • Pivot from product company to • Deepen OEM collaborations by • Build new, compact platforms solutions provider leveraging manufacturing fo
Slide 33: Way Ahead
Way Ahead The Next Phase of Transformation Focused on sustained organic growth, Increasing Energy complemented by selective inorganic opportunities Solutions share to Organic Growth Engine make it a dominant part of portfolio 16-20 CAGR % Expanding Beyond India with a focus on increasing Internation