Greaves Cotton Ltd

Greaves Cotton Ltd announced that India Ratings and Research Private Limited, a SEBI registered Credit Rating Agency, has affirmed its Long-Term Issuer Rating at “IND AA-” with a Stable Outlook, and has assigned a rating of “IND AA-” to bank loan facilities totaling INR 1,200 million and affirmed the rating of “IND AA-” for bank loan facilities totaling INR 830 million; the press release issued by India Ratings and Research Private Limited can be accessed at https://www.indiaratings.co.in/pressrelease/m39f5ezxfnvtr t7lfna3hged.

Greaves Cotton Limited announced it has acquired the remaining 20% shareholding in Excel Controlinkage Private Limited through a secondary route, increasing its stake to 100% and making Excel a wholly owned subsidiary, effective August 13, 2026. The acquisition, in accordance with a definitive agreement dated April 6, 2023, follows previous announcements regarding the proposed acquisition in February 2023.

Greaves Cotton Ltd share price slipped 2.14% to Rs 232.9 after the company's net profit soared by 180% to Rs 6.16 crore, while revenue from operations softened by 2.61% to Rs 974.12 crore in Q2FY26 over Q1FY26. The market capitalization of Compressors, Pumps & Diesel Engines industry group stocks on BSE stood at Rs 2.66 lakh crore, declining 5.05%. It has marginally improved by 0.83% over last one week and gained upto 4.65% in last one month while the market capitalization of Greaves Cotton Ltd has slipped by 2.47% and 34.43% in the same period respectively. Profit before tax (PBT) of Greaves Cotton Ltd stood at Rs 27.05 crore in Q2 FY26, nosediving by 37.12% year-on-year, and slipping 2.10% quarter-on-quarter. EBITDA came in at Rs 45 crore, jumping 16.71% YoY and crashing by 17.58% sequentially. Total expenses slightly declined by 1.43% to Rs 946.0 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 668.9 crore, inching up 8.21% YoY, while employee benefits expense was at Rs 102.52 crore, soaring 14.23% YoY. For the TTM ended FY26, revenue from operations grew 17.76% to Rs 3436.62 crore, while net profit tanked by 661.94% to Rs 35.29 crore, compared to previous TTM. EBITDA jumped by 8538% to Rs 189.11 crore, and PBT witnessed a strong rise of 58.50% to Rs 114.91 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 32.58 crore in FY26, as against Rs 22.52 crore in FY25. Greaves Cotton Ltd rallied 9.16% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 2.94% during the same period.

Greaves Cotton Limited announced its financial results for the quarter ended June 30, 2026, reporting consolidated revenue of Rs 974 crore, a 31% year-over-year increase, and standalone revenue of Rs 629 crore, up 16% year-over-year. The company expanded its international footprint by establishing a subsidiary in Dubai, UAE, and reaffirmed its commitment to Greaves Electric Mobility through a Rs 331 crore rights issue subscription, while its Greaves Finance business crossed Rs 560 crore in assets under management. Demand across segments remains encouraging, and the company’s Rs 530 crore rights issue has been fully subscribed.

Life Insurance Corporation of India, UPL Ltd, Samhi Hotels Ltd and Thangamayil Jewellery Ltd are among the other losers in the BSE's 'A' group today, 04 August 2026.Greaves Cotton Ltd lost 14.17% to Rs 199.9 at 14:48 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 4.51 lakh shares were traded on the counter so far as against the average daily volumes of 1.79 lakh shares in the past one month.Life Insurance Corporation of India crashed 6.83% to Rs 395.35. The stock was the second biggest loser in 'A' group.On the BSE, 16.74 lakh shares were traded on the counter so far as against the average daily volumes of 1.47 lakh shares in the past one month.UPL Ltd tumbled 6.69% to Rs 583.2. The stock was the third biggest loser in 'A' group.On the BSE, 3.15 lakh shares were traded on the counter so far as against the average daily volumes of 43158 shares in the past one month.Samhi Hotels Ltd pared 5.37% to Rs 171.85. The stock was the fourth biggest loser in 'A' group.On the BSE, 96242 shares were traded on the counter so far as against the average daily volumes of 59042 shares in the past one month.Thangamayil Jewellery Ltd corrected 5.00% to Rs 4723.55. The stock was the fifth biggest loser in 'A' group.On the BSE, 53157 shares were traded on the counter so far as against the average daily volumes of 20646 shares in the past one month.

Greaves Electric Mobility Limited, a subsidiary of Greaves Cotton Limited, announced that its rights issue offering of Indian Rupees 530 crore was fully subscribed by existing shareholders, including Greaves Cotton Limited and Abdul Latif Jameel Green Mobility Solutions, reaffirming their confidence in the company’s growth strategy and its role in advancing India’s clean mobility transition. The capital infusion will be used to strengthen Greaves Electric Mobility’s next phase of growth, focusing on Next Generation products, Battery Management Systems, Power Trains and New age Technology development.

Greaves Cotton Limited announced that its subsidiary, Greaves Electric Mobility Limited (GEML), has completed a rights issue of Rs 530 crore, which was fully subscribed. Greaves Cotton subscribed to its full entitlement of approximately Rs 331.12 crore in the rights issue, and its shareholding in GEML remains unchanged at 62.48%. GEML, incorporated on June 2, 2008, reported a turnover of Rs 596.98 crore as of March 31, 2026, and the proceeds from the rights issue will be used for capital expenditure, working capital requirements, and general corporate purposes.

Greaves Cotton will hold a meeting of the Board of Directors of the Company on 4 August 2026.

The board approved subscribing to the company's full entitlement in the rights issue, involving an investment of up to Rs 331 crore. Greaves Cotton said the proposed investment underscores its continued commitment to Greaves Electric Mobility and reflects confidence in the subsidiary's growth strategy. The capital infusion is expected to support GEML's efforts to strengthen its position in India's rapidly evolving electric mobility market. Parag Satpute, managing director (MD) & Group CEO, Greaves Cotton, said: Our proposed investment in Greaves Electric Mobility reflects our conviction in the long term opportunity presented by India's transition to sustainable mobility. Backed by a strong balance sheet, healthy cash position and our disciplined capital allocation approach, we continue our focus on the broader Greaves Next growth journey. Greaves Cotton (GCL), also known as Greaves, is a diversified, multi-product, multi-fuel, and multi-location engineering company. Through its five independent business units'Greaves Engineering, Greaves Electric Mobility, Greaves Retail, Greaves Finance, and Greaves Technologies'Greaves combines agility with strategic focus, delivering innovation and enhancing accessibility for consumers. The company's consolidated net profit declined 6.28% to Rs 22.54 crore in Q4 FY26 from Rs 24.05 crore in Q4 FY25. Revenue from operations jumped 21.56% YoY to Rs 1000.26 crore in Q4 FY26. Powered by Capital Market - Live

GITFZE has been incorporated with the primary objective of engaging in international trading and distribution activities of products and services offered by the company. This strategic expansion is aimed at strengthening the company's global market presence, optimising its international supply chain, and driving business growth in overseas markets. Greaves Cotton will hold 100% of the share capital of the newly incorporated subsidiary. Greaves Cotton (GCL), also known as Greaves, is a diversified, multi-product, multi-fuel, and multi-location engineering company. Through its five independent business units'Greaves Engineering, Greaves Electric Mobility, Greaves Retail, Greaves Finance, and Greaves Technologies'Greaves combines agility with strategic focus, delivering innovation and enhancing accessibility for consumers. The company's consolidated net profit declined 6.28% to Rs 22.54 crore in Q4 FY26 from Rs 24.05 crore in Q4 FY25. Revenue from operations jumped 21.56% YoY to Rs 1000.26 crore in Q4 FY26. The counter declined 3.41% to end at Rs 205.25 on Tuesday, 23 June 2026. Powered by Capital Market - Live