Greaves Cotton Ltd (GREAVESCOT) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Management expects H2 profitability to improve as the full benefit of price hikes, delayed by B2B contracts, will be realized by Q4 FY27.
- Greaves Electric Mobility is well-funded for 12-18 months after a rights issue, and management expects it to reach break-even 'fairly soon'.
- The company developed a rare-earth-free motor in-house, which is expected to boost performance and margins upon its deployment starting Q4 FY27.
Performance Overview
- The company delivered strong revenue growth of 44% year-on-year, driven by encouraging momentum across all key business segments.
- Significant progress was made in executing the Greaves.Next strategy, focusing on new products, engineering capabilities, and international expansion.
- Profitability remained under pressure due to rising input costs, which offset gains from corrective pricing actions.
- Strategic investments were completed, including acquiring the remaining 20% stake in Excel Control Linkages and a rights issue investment in Greaves Electric Mobility.
- The core businesses, excluding electric mobility, demonstrated accelerated momentum with 24% year-on-year growth in Q2.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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