Greaves Cotton Limited · NSE:GREAVESCOT
Greaves Cotton — Q4 FY25 Earnings Presentation
31 slides from Greaves Cotton's earnings presentation, Apr 30, 2025
Slide 1: Covering letter to exchanges: Investor Presentation
30th April, 2025 The Manager - Listing The Manager - Listing BSE Limited National Stock Exchange of India Limited BSE Code - 501455 NSE Code - GREAVESCOT Dear Sir / Madam, Subject: Investor Presentation In furtherance to our intimation dated 22nd April 2025 and pursuant to Regulation 30 of SEBI (Lis
Slide 2: Q4 & FY25 Earnings Presentation
GREAVES COTTON LIMITED BUILDING THE COMPLETE SUSTAINABLE MOBILITY ECOSYSTEM Q4 & FY25 Earnings Presentation ENGINEERING ELECTRIC MOBILITY RETAIL FINANCE TECHNOLOGIES
Slide 3: Strong Management Team
Strong Management Team MR. PARAG SATPUTE MR. K. VIJAYA KUMAR MR. P. B. SUNIL KUMAR Managing Director & Group ED & CEO, Greaves Electric ED & CEO, Greaves Finance CEO, Greaves Cotton Limited Mobility and Director, Greaves (MBA, B.E. Mechanical (MBA) Technologies Engineering) (Chartered Accountant) Ex
Slide 4: Our Genesis, Purpose, Vision
Our Genesis Businesses 165 Years of rich Core Investee engineering legacy businesses businesses Our Purpose Statement ENGINEERING Presence (Including Excel) Empowering lives across key across diverse geographies globally ELECTRIC businesses and MOBILITY customer constituencies with Purpose RETAIL en
Slide 5: Greaves Today... A Diversified Company
GREAVES Today... A Diversified Company EMPOWERING LIVES • Starting from a single diesel engine product, Greaves has now expanded to cater to multi-fuel, electric, and fuel-agnostic products, including motors, controllers, cables, gensets, and more. • Greaves’ products available in key geographies gl
Slide 6: Manufacturing & Distribution Footprint
Manufacturing & Distribution Footprint 21,500+ Mechanic 8 Regional Network Offices 10,000+ Retail 8 Factories Network Aurangabad Greater Noida Nagpur Engine & Engine E-Rickshaw Motion Controls Components, ePowertrain Manufacturing Manufacturing Manufacturing Hyderabad Ranipet Talegaon 3W Auto & E-Ca
Slide 7: ESG – Commitment
ESG – Commitment ▪ The Company’s commitment towards the environment is Ranipet facility reflected in all aspects of functioning, including manufacturing processes and technological innovations. It has been certified as an ISO 14001:2015 ▪ The Company reached another milestone in Going Green with the
Slide 8: A pioneer in single cylinder diesel engine
We have evolved from being to a a pioneer in pioneer in fuel-agnostic, single cylinder multi-product, multi- diesel engine business Company Company building the complete Single product, single fuel sustainable mobility ecosystem
Slide 9: Leveraged Engineering Legacy and Diversified into 5 Businesses
We Leveraged our Established Engineering Legacy and Diversified into 5 Businesses R Greaves Finance Greaves Finance is committed to democratizing the EV experience E through technology and consumer-centric initiatives. It offers exclusive financing solutions for e2w through evfin platform that V dis
Slide 10: Empowering Lives
With a clear purpose A clear purpose of of Empowering Lives
Slide 11: Q4 & FY25 Financial Highlights
Q4 & FY25 FINANCIAL HIGHLIGHTS 10
Slide 12: GCL Standalone FY25 Business Snapshot
GCL Standalone FY25 Business Snapshot ₹ 1,988 Cr ₹ 1,360 Cr ₹ 628 Cr ₹ 260 Cr ₹ 252 Cr Revenue Engineering Retail EBITDA PBT 12% 14% 7% 13.1% 12.7% Y-o-Y Y-o-Y Margin Margin Y-o-Y ➢ GCL FY25 Standalone EBITDA grew 12% & PBT by 11% YoY, reflecting strong operational efficiency ➢ Strong financial heal
Slide 13: GCL Standalone Q4 FY25 Business Snapshot
GCL Standalone Q4 FY25 Business Snapshot ₹ 573 Cr ₹ 410 Cr ₹ 164 Cr ₹ 84 cr ₹ 83 cr. Revenue Engineering Retail EBITDA PBT 19% 28% 1% 14.7% 14.5% Y-o-Y Y-o-Y Margin Margin Y-o-Y ➢ Q4FY25 Standalone EBITDA grew 50% & PBT by 50% YoY, reflecting strong operational efficiency ➢ Q4FY25 GCL including Exce
Slide 14: Consolidated Q4 FY25 Business Snapshot
Consolidated Q4 FY25 Business Snapshot ₹ 823 Cr ₹ 410 Cr ₹ 164 Cr ₹ 172 Cr ₹ 46 cr Revenue Engineering Retail E-Mobility EBITDA 22% 28% v 1% 43% 93% Y-o-Y Y-o-Y Y-o-Y Y-o-Y Y-o-Y ➢ GCL Consolidated Revenue FY25 at Rs. 2,918 Cr, up by 11% Y-o-Y. and EBITDA of Rs. 136 Cr, up by 48% Y-o-Y 13
Slide 15: De-risking Strategy
De-risking Strategy FY22 FY25 CAGR -19% E- Other, 1% Mobility, Revenue Mixed E- 23% Mobility, 2,918 31% Greaves 3 Engines , Greaves 268 44% Engines , Excel, 47% 9% 659 1,710 10 628 Greaves Greaves 522 Retail, 25% Retail, 22% 421 ➢ The diversification strategy is contributing to the resilience in rev
Slide 16: Business Division Disclosures
Business Division Disclosures 12.5% 13.2% 7.8% Greaves Engines 8.7% Q4FY23 Q4FY24 Q3FY25 Q4FY25 (Rs. Cr.) Revenues 296 320 343 410 EBITDA 23 28 43 54 Q4FY23 Q4FY24 Q3FY25 Q4FY25 EBITDA Margin (%) 7.8% 8.7% 12.5% 13.2% Revenues EBITDA Margin (%) 16.5% 20.7% 17.5% 16.0% Greaves Retail Q4FY23 Q4FY24 Q3
Slide 17: Business Division Disclosures
Business Division Disclosures Excel Q4FY24 Q3FY25 Q4FY25 31.0% 30.6% 29.7% (Rs. Cr.) Revenues 66 69 75 EBITDA 20 21 22 Q4FY24 Q3FY25 Q4FY25 EBITDA Margin (%) 31.0% 30.6% 29.7% Revenues EBITDA Margin (%) 16.4% GCL + Excel 11.9% 14.0% 15.3% Q4FY23 Q4FY24 Q3FY25 Q4FY25 (Rs. Cr.) Revenues 437 547 571 64
Slide 18: Financial Snapshot
Financial Snapshot Particulars (Consolidated) Q4 Growth (%) Q3 Growth (%) Full Year Growth (%) (Rs. Cr.) FY25 FY24 Y-o-Y FY25 Q-o-Q FY25 FY24 Y-o-Y Income from Operations 823 673 22% 751 10% 2,918 2,633 11% RMC (%) 68.9% 67.4% 67.0% 68.1% 68.3% Other Expenses 210 195 208 795 742 EBITDA 46 24 93% 40
Slide 19: Segment Volumes
Segment Volumes Growth Growth Growth Q4 Q3 Full Year Volumes (Units) (%) (%) (%) FY25 FY24 Y-o-Y FY25 Q-o-Q FY25 FY24 Y-o-Y Engines Auto 25,411 22,974 11% 26,266 (3%) 1,00,088 88,846 13% Non-Auto 13,350 14,323 (7%) 10,427 28% 44,602 47,406 (6%) Engines* 38,761 37,297 4% 36,693 6% 1,44,690 1,36,252 6
Slide 20: Leverage Profile
Leverage Profile Consolidated (Rs. Cr.) Mar-24 Dec-24 Mar-25 Standalone (Rs. Cr.) Mar-24 Dec-24 Mar-25 Cash & Cash Equivalent 731 526 561 Cash & Cash Equivalent 507 337 379 Short Term Debt 49 23 53 Short Term Debt NIL NIL NIL Long Term Debt - - Long Term Debt NIL NIL NIL Total Debt 49 23 53 Total De
Slide 21: Business Update
BUSINESS UPDATE 20
Slide 22: Greaves Engineering – Q4 Highlights & Key Updates
Greaves Engineering – Q4 Highlights & Key Updates Q4 FY25 Performance Highlights • Revenue Mix & Growth: Non-automotive applications continue to dominate our revenue growth. Auto engines back to pre-COVID levels. • Market & Product: Traction in CPCB IV+ compliant gensets & industrial engines. 58% ma
Slide 23: Fuel-Agnostic Mobility Solutions at Bharat Mobility Global Expo 2025
Greaves Engineering Unveiled Advanced Fuel-Agnostic Mobility Solutions at the Bharat Mobility Global Expo 2025 Full spectrum of fuel Components, motion agnostic engines control and more Diesel | CNG Engines | ePowertrain | Euro V+ Compliant Engines | Hydrogen Technology Concept | Bio Diesel | Ethano
Slide 24: Excel – Q4 & FY25 Highlights
Excel – Q4 & FY25 Highlights Q4 FY25 Performance Highlights Strong Revenue & Diversification of Revenue Streams Profitability Performance (Products & Geographies) ▪ Achieved highest-ever quarterly sales of ₹ 75 Cr in ▪ Investing in electronic motion control (levers & Q4 FY25. actuators) to expand in
Slide 25: Greaves Retail – Q4 & FY25 Highlights & Key Updates
Greaves Retail – Q4 & FY25 Highlights & Key Updates Q4 FY25 Performance Highlights • Strong Recovery: FY25 grew by 7% Y-o-Y. H1 impacted by floods in key northern markets. o New segments (EV, SCV, e-powertrains) scaling fast with 40+ OEMs onboarded (e.g. Mahindra, Terra Motors, Sathi). • Margin Expa
Slide 26: Greaves Electric Mobility – Q4 & FY25 Highlights
Greaves Electric Mobility – Q4 & FY25 Highlights Strategic Positioning & Scale Q4 FY25 Performance & Demand • Comprehensive OEM Offering: Only company in India to offer Highlights a complete suite of E-2W and 3W products, according to the CRISIL Report • Market Consolidation & Expansion: Focus on co
Slide 27: Greaves Electric Mobility – Key Developments
Greaves Electric Mobility – Key Developments Key Developments o GEML launched the Ampere Reo 80 at INR 59,900 o Achieved 52% MoM sales growth in March 2025, with over 6,000 electric 2- wheelers sold, bolstering market leadership. o GEML partnered with Indofast Energy to introduce battery swapping an
Slide 28: Ampere Nexus Wins Bike India – Electric Scooter of the Year
Ampere Nexus Wins Bike India – Electric Scooter of the Year
Slide 29: Greaves Finance – Q4 & FY25 Highlights
Greaves Finance– Q4 & FY25 Highlights Financial Growth & Profitability ▪ Revenue tripled to ₹18.6 Cr in FY25 Loan Portfolio & Risk Controls ▪ 100% e2W portfolio with Smart.fin relaunch; Loan Protect cover at 86%. ▪ Diverse portfolio across 11 states, balanced salaried/self-employed and gender mix, N
Slide 30: 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 31: Thank You
THANK YOU REGISTERED OFFICE For further information, please contact Greaves Cotton Limited Akhila Balachandar Suraj Digawalekar / Jenny Rose J-2, MIDC Industrial Area, Chikalthana, Aurangabad – 431 210 India Chief Financial Officer Kunnappally CIN – L99999MH1922PLC000987 Greaves Cotton Limited CDR I