Greaves Cotton Limited · NSE:GREAVESCOT
Greaves Cotton — Q1 FY26 Earnings Presentation
27 slides from Greaves Cotton's earnings presentation, Jul 30, 2025
Slide 1: Exchange intimation letter for investor presentation
30th July, 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 23rd July 2025 and pursuant to Regulation 30 of SEBI (Listi
Slide 2: Q1 FY26 Earnings Presentation
Spares & Accessories Retail Vehicle Service Charging GREAVES COTTON LIMITED Engines & Empowering Lives Technologies Electric Vehicles Building the Complete Sustainable Mobility Ecosystem. EV Financing Q1 FY26 Earnings Presentation 1
Slide 3: Strong Management Team
Strong Management Team MR. PARAG SATPUTE MR. VIKAS SINGH MR. P. B. SUNIL KUMAR Managing Director & Group Managing Director, Greaves ED & CEO, Greaves Finance CEO, Greaves Cotton Limited Electric Mobility and Director, Greaves (MBA, B.E. Mechanical (MBA) Technologies Engineering) (Chartered Accountan
Slide 4: Our Genesis, Purpose, Vision
Our Genesis Businesses 165+ Years of rich engineering Investee Core legacy businesses businesses Our Purpose Statement ENGINEERING Presence (Including Excel) Empowering lives across key geographies globally across diverse ELECTRIC MOBILITY businesses and customer constituencies with Purpose RETAIL e
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 glo
Slide 6: Manufacturing & Distribution Footprint
Manufacturing & Distribution Footprint 8 Factories 8 Regional Offices 10,000+ Retail 21,500+ Mechanic Network Network Aurangabad Talegaon Engine & Engine Nagpur Genset Motion Controls Components, ePowertrain Assembly Manufacturing Manufacturing Ranipet Greater Noida Hyderabad 2W E-Rickshaw 3W Auto &
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: From pioneer in single cylinder diesel engine to sustainable mobility ecosystem
We have evolved from being to a a pioneer in pioneer in fuel-agnostic, single cylinder multi-product, multi-business diesel engine Company building the Company complete sustainable mobility Single product, singlefuel ecosystem
Slide 9: Diversified into 5 Businesses
We Leveraged our Established Engineering Legacy and Diversified into 5 Businesses R E V E Greaves Engineering Greaves Retail Greaves Technologies Greaves E-Mobility Greaves Finance N U Flagship business of Greaves Retail Greaves Greaves Cotton Greaves Finance, E Greaves Cotton supports last-mile Tec
Slide 10: Empowering Lives
With clear A aclear purposeofof purpose Empowering Lives
Slide 11: Q1 FY26 Financial Highlights
Q1 FY26 FINANCIAL HIGHLIGHTS 10
Slide 12: GCL Standalone Q1 FY26 Business Snapshot
GCL Standalone Q1 FY26 Business Snapshot ₹ 541 Cr ₹ 385 Cr ₹ 155 Cr ₹ 76 Cr ₹ 76 Cr. Revenue Engineering Retail EBITDA PBT 22% 30% 5% 14.0% 14.1% Y-o-Y Y-o-Y Margin Margin Y-o-Y Q1FY26 Standalone EBITDA grew 51% & PBT by 55% YoY, reflecting strong operational efficiency Q1FY26 GCL including Exce
Slide 13: GCL Consolidated Q1 FY26 Business Snapshot
GCL Consolidated Q1 FY26 Business Snapshot ₹ 745 Cr ₹ 385 Cr ₹ 155 Cr ₹ 137 Cr ₹ 57 Cr Revenue Engineering Retail E-Mobility EBITDA 17% 30% v 5% 7% 7.6% Y-o-Y Y-o-Y Y-o-Y Y-o-Y Margin Q1FY26 Consolidated EBITDA Margin stood at 7.6%, Increase by 330 bps Q1FY26 Consolidated EBITDA grew 109% & PBT
Slide 14: De-risking Strategy
De-risking Strategy Q1FY22 Q1FY26 Revenue Mixed E- Other, 1% Mobility, 745 E- 18% Mobility, 7 31% Greaves Excel, 60 Engines , 8% 44% Greaves 137 Engines , 52% 155 Greaves Greaves Retail, 25% Retail, 21% 229 1 0 14 65 385 The diversification strategy is contributing to the resilience in revenues 14
Slide 15: Business Division Disclosures
Business Division Disclosures 13.2% 13.2% 6.7% Greaves Engines 9.1% Q1FY24 Q1FY25 Q4FY25 Q1FY26 (Rs. Cr.) Revenues 257 297 410 385 EBITDA 17 27 54 51 Q1FY24 Q1FY25 Q4FY25 Q1FY26 EBITDA Margin (%) 6.7% 9.1% 13.2% 13.2% Revenues EBITDA Margin (%) 16.0% 19.8% 16.5% 15.3% Greaves Retail Q1FY24 Q1FY25 Q4
Slide 16: Business Division Disclosures
Business Division Disclosures 36.6% 26.0% Excel 27.6% 29.7% Q1FY24 Q1FY25 Q4FY25 Q1FY26 (Rs. Cr.) Revenues 39 63 75 60 EBITDA 14 17 22 16 Q1FY24 Q1FY25 Q4FY25 Q1FY26 EBITDA Margin (%) 36.6% 27.6% 29.7% 26.0% Revenues EBITDA Margin (%) 13.5% 16.4% GCL + Excel 13.3% 15.2% Q1FY24 Q1FY25 Q4FY25 Q1FY26 (
Slide 17: Financial Snapshot
Financial Snapshot Particulars (Consolidated) Q1 Growth (%) Q4 Growth (%) (Rs. Cr.) FY26 FY25 Y-o-Y FY25 Q-o-Q Income from Operations 745 640 17% 823 (9%) RMC (%) 64.9% 67.4% 68.9% Other Expenses 205 181 210 EBITDA 57 27 109% 46 24% Margin (%) 7.6% 4.3% 5.6% Operating PBT 44 15 185% 27 62% Margin (%
Slide 18: Leverage Profile
Leverage Profile Consolidated (Rs. Cr.) June-24 Mar-25 June-25 Standalone (Rs. Cr.) June-24 Mar-25 June-25 Cash & Cash Equivalent 785 561 494 Cash & Cash Equivalent 550 379 330 Short Term Debt 43 53 35 Short Term Debt NIL NIL NIL Long Term Debt - 60 Long Term Debt NIL NIL NIL Total Debt 43 53 95 Tot
Slide 19: Business Update
BUSINESS UPDATE Q1 Highlights & Key Updates 18
Slide 20: Greaves Engineering
Greaves Engineering Q1 FY26 Performance Highlights • Export momentum continued: 14% contribution from exports in Q1FY26, on the back of healthy traction in Euro V+ auto engines & CPCB IV+ compliant gensets • Automotive segment delivered strong growth of 46% YoY, supported by robust export demand • N
Slide 21: Excel
Excel Q1 FY26 Performance Highlights • Continued focus on increasing business with OEMs resulted in new business wins for mechanical and electronic control systems in automotive and construction equipment industry Key Developments • Supporting technological advancement in motion control systems, Exc
Slide 22: Greaves Retail
Greaves Retail Q1 FY26 Performance Highlights • Greaves Retail has delivered a growth of 5% Y-o-Y; wherein 40% growth observed in non-auto aftermarket segment • Robust order book in both spares & service demand from institutional customers such as Indian Railways Key Developments • Focus on expandin
Slide 23: Greaves Electric Mobility
Greaves Electric Mobility Q1 FY26 Performance & Demand Highlights Electric Two-Wheeler (E2W) Performance: • E2W Market share at 4.2% • Retail sales increased by 84% year-on-year. • Magnus Neo, launched in January 2025 as an upgrade to the Magnus EX, continues to see demand o Despite industry-wide su
Slide 24: Greaves Electric Mobility
Greaves Electric Mobility Key Developments • Greaves Electric Mobility appointed Vikas Singh as Managing Director, to steer the next phase of growth • Strengthened Subsidiary Capitalization: Converted ₹94.85 crore debt into equity in Bestway Agencies Pvt.. Ltd. with an aim to boost financial health
Slide 25: Greaves Finance & Greaves Technologies
Greaves Finance & Greaves Technologies Greaves Finance – Q1 FY26 Key Highlights EV Marketplace – A one-stop platform • Greaves Finance posted ₹7.79Cr in Q1 FY26 revenue, growing 178% YoY, with AUM surging 3.7x to supporting the full EV ₹313 Cr with co-lending ownership journey: purchase, usage, • It
Slide 26: 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 27: 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