Greaves Cotton’s profitability decreased by 6.2% in the fourth quarter of the fiscal year 2026. The company disclosed a consolidated net profit of Rs 23 crore for the quarter ending March 31, down from Rs 24 crore in the same period the previous fiscal year. Despite this decline, revenue from operations saw a significant 21.5% increase year-on-year, reaching Rs 1,000 crore compared to Rs 823 crore in Q4 FY25, driven by strong demand across its business segments.
Operating performance was a highlight during the quarter, with EBITDA surging by 48% year-on-year to Rs 68 crore from Rs 46 crore. Operating margins also improved to 6.8% from 5.6% in the previous year. The company’s board has proposed a dividend of Rs 2 per share, representing 100% on the face value of Rs 2 each for the fiscal year ending March 31, 2026, subject to shareholder approval.
Management credited the company’s strong performance to robust execution and consistent growth across core businesses in FY26. All segments contributed to this growth, benefiting from favorable demand conditions, enhanced operational discipline, and strategic initiatives. International operations played a significant role in driving growth, contributing 13% to the company’s core business revenue during the year, up from 9% previously, supported by progress in energy, mobility, and industrial segments.
Managing Director and Group CEO Parag Satpute emphasized the company’s solid growth at a consolidated level, driven by strong demand, improved profitability, and disciplined execution. He highlighted the crucial role of international business momentum, particularly in mobility, as the company strengthened partnerships with global OEMs.
