GREAVESCOT
Greaves Cotton Limited Q2fy27: Revenue Up 44% Yoy, Ebitda Surges 43%
Greaves Cotton Limited (NSE: GREAVESCOT) reports consolidated revenue of ₹1,176 crore in Q2 FY27, up 44% YoY, driven by strong growth across its core and inv.
Greaves Cotton Limited (NSE: GREAVESCOT) one of India’s leading diversified engineering companies, announced its unaudited financial results for the quarter ended September 30, 2026. Consolidated revenue for Q2 FY27 stood at ₹1,176 crore, up 44% YoY. EBITDA increased to ₹73 crore in Q2 FY27 up by 43% YoY from ₹51 crore in Q2 FY26, while Business PBT for Q2 FY27 stood at ₹44 crore.
Strong Performance Across Core and Investee Businesses
Consolidated revenue grew 44% YoY in Q2 FY27 and 38% YoY in H1 FY27, driven by strong performance across both Core and Investee Businesses. Greaves Cotton’s Core Businesses recorded 24% YoY growth in Q2 FY27 and 20% growth in H1 FY27, reflecting continued momentum across Energy Solutions, Mobility Solutions and Industrial Solutions.
GEML’s Remarkable Growth
GEML consolidated revenue of ₹410 crore in Q2 FY27 (H1 FY27: ₹680 crore) registering 106% YoY growth in Q2 FY27 and 103% YoY growth in H1 FY27. The Company launched new products and variants across the Electric mobility (Ampere Nexus EX+ and Magnus G-Max) and Core Businesses (750 HP firefighting engine, 470 cc diesel engine for 3W applications).
Parag Satpute, MD & Group CEO, Greaves Cotton Limited, said: “Our Q2 FY27 performance reflects disciplined execution across our diversified portfolio, with strong growth across our Core Businesses and continued progress on the priorities under GREAVES.NEXT. Our diversified portfolio enabled us to deliver robust revenue growth while advancing key strategic initiatives across Energy Solutions, Mobility Solutions and Industrial Solutions.”
As we enter the second half of FY27, our priorities remain clear: sustaining growth, strengthening operating and financial performance, expanding our international footprint and building higher-value customer solutions. With a strong engineering foundation, a diversified business portfolio and disciplined execution, we remain committed to creating sustainable long-term value for our shareholders and all stakeholders.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Greaves Cotton Limited
Greaves Cotton Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
Greaves falls 18.1% over three months and has not found a floor yet. The PEG stands at 4.32 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock gains 10.1% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. The stock rises -18.1% in three months on 8.6% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Greaves Cotton Limited.
GREAVESCOT
Greaves Cotton Limited Appoints Mukul Kanchan as Executive Director & CEO
Greaves Cotton Limited appoints Mukul Kanchan as Executive Director & CEO to scale up Greaves Finance’s EV financing operations.
Greaves Cotton Limited (NSE: GREAVESCOT) has appointed Mukul Kanchan as its Executive Director & CEO, effective October 1, 2026, subject to necessary approvals. With nearly two decades of experience across lending, corporate finance, private equity, and M&A, Mukul joins from Bengaluru-based employee benefits platform Plum, where he served as CFO.
Leadership in EV Financing
Mukul will lead Greaves Finance Limited’s (GFL) next phase of growth, scaling tailored financing for electric two-wheeler buyers through ev.fin, its 100% EV-focused lending platform. ev.fin, launched in 2023, is GFL’s consumer finance technology platform for electric mobility, working with EV manufacturers and their dealer networks to offer financing at the point of sale, serving customers across 86 cities.
Strategic Vision for Scaling EV Financing
Commenting on his appointment, Mukul Kanchan, Executive Director & CEO, Greaves Finance Limited, said, “Electric two-wheelers are fast becoming the everyday choice for India’s commuters, gig workers, and small businesses, and access to simple, fair credit is often what turns that intent into ownership. ev.fin has built strong foundations with leading EV OEM’s across the country. I am delighted to join Greaves Finance, and I look forward to scaling the business responsibly, with sharp credit discipline, a diversified funding base, and partnerships that make EV ownership easier for more Indians.”
At GFL, Mukul will focus on deepening ev.fin’s partnerships with EV OEM’s, including brands like Ampere, broadening the company’s funding base, and building a scalable, well-governed lending franchise with strong credit discipline.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Greaves Cotton Limited
Greaves Cotton Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
Greaves falls 20.2% over three months and has not found a floor yet. The PEG stands at 4.43 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Buyers show up with 2.3x the volume of sellers. Moreover, they dominated on 15 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The stock rises -20.2% in three months on 8.6% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Greaves Cotton Limited.
GREAVESCOT
Greaves Cotton Limited Expands Ampere Experience Centers Nationwide
Greaves Cotton Limited (GREAVESCOT) expands Ampere Experience Centers, doubling footprint to 600+ in just over a year.
Greaves Cotton Limited (NSE: GREAVESCOT) announced the addition of more than 50 new Ampere Experience Centers across 15 states, marking a decisive step in its aggressive growth journey. This expansion doubles Ampere’s network footprint to over 600 Experience Centers in just over a year.
Strategic Growth Acceleration
The pan-India expansion is a critical pillar of Ampere’s aggressive growth strategy, bringing integrated product experience, sales, and dependable service closer to customers across priority markets. The new Experience Centers span key markets across four regions: North, East, West, and South.
Enhanced Customer Experience
The larger network will give more customers direct access to Ampere’s portfolio of award-winning electric scooters across varied needs and use cases. The portfolio includes the Ampere Nexus EX+, Magnus GMax, Magnus Neo, and the recently launched Ampere Reo Vyb for younger riders. These scooters are engineered for India’s diverse roads, terrains, and everyday mobility needs.
Commenting on the expansion, Mr. Vikas Singh, Managing Director, Greaves Electric Mobility, said, “Building a nationwide network of Experience Centers is a critical pillar of Ampere’s aggressive growth journey. We are moving with speed, and we have doubled our footprint in just over a year. This reflects the scale of our ambition and our commitment to bring product experience, sales, and dependable service closer to customers in every priority market.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Greaves Cotton Limited
Greaves Cotton Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
Greaves falls 19.7% over three months and has not found a floor yet. The PEG stands at 4.48 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Buyers show up with 2.3x the volume of sellers. Moreover, they dominated on 15 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The stock rises -19.7% in three months on 8.6% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Greaves Cotton Limited.
GREAVESCOT
Greaves Cotton Limited (greavescot) Unveils Ampere’s New Nexus EX+ with Enhanced Features
Greaves Cotton Limited (GREAVESCOT) announces Ampere’s new Nexus EX+, featuring a powerful 5 kW motor and IoT-enabled Intellipack.
Greaves Cotton Limited (GREAVESCOT) has announced the launch of Ampere’s new Nexus EX+, strengthening its award-winning Nexus EV with IoT-enabled Intellipack. The new Nexus EX+ comes with a more powerful 5 kW motor and an IP65-rated water-resistant charger, enhancing the scooter’s performance and durability.
Enhanced Performance
The new Nexus EX+ features a powerful 5 kW motor, delivering stronger pick-up, 0-40 kmph acceleration in 4.5 seconds, and enhanced gradeability for steep climbs, flyovers, and hilly terrain. The scooter also includes an IP65-rated water-resistant charger, ensuring durability across varied weather conditions.
Smarter Ownership Experience
The Nexus EX+ is equipped with next-generation LFP battery technology, promising a long battery life of 200,000 km. Combined with lower running costs, this long-life battery provides a strong total cost of ownership advantage for customers transitioning from petrol scooters to electric mobility. The scooter is available in two variants: Nexus EX+ priced at INR 1,29,999 and Nexus EX+ with Intellipack priced at INR 1,35,999, offered in premium colors Carbon Knight and Steel Grey.
Speaking on the launch, Mr. Vikas Singh, Managing Director, Greaves Electric Mobility, said, “The Nexus has consistently demonstrated Ampere’s focus on purposeful innovation, durability, and real-world performance. With the launch of the new Nexus EX+, we are strengthening this award-winning EV platform with IoT-enabled Intellipack, stronger performance, and greater everyday confidence. Intellipack makes ownership smarter and more convenient, while the 5 kW motor enhances pick-up and gradeability across flyovers, hilly roads, pillion riding, and load-bearing conditions. The IP65-rated charger further adds to the product’s reliability across varied weather conditions. This is another step in building electric scooters that are practical, resilient, and aligned with the evolving needs of Indian riders.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Greaves Cotton Limited
Greaves Cotton Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
Greaves holds in the upper half of its 52-week range, a sign the market backs the stock. The PEG stands at 4.75 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Buyers show up with 2.8x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 13 for sellers — a healthy accumulation pattern. The stock rises -0.3% in three months on 8.6% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Greaves Cotton Limited.
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