Greaves Cotton Q4 Revenue Climbs to ₹823 Crore, Up 19%
For the fourth quarter of FY2024–2025, Greaves Cotton Limited, a diversified engineering firm catering to the automotive and non-automotive industries, reported strong financial results. With a 19% year-over-year increase in revenue to ₹823 crore, the company demonstrated robust demand across all of its business divisions and solidified its position as a major force in India’s engineering and transportation sector.
Q4 Financial Performance Overview
Greaves Cotton reported a consolidated revenue of ₹823 crore for Q4 FY25, reflecting a 19% increase compared to ₹692 crore in the same quarter last year. This growth was fueled by solid performance in its electric mobility and engine segments, coupled with increased aftermarket demand.
The company’s EBITDA for Q4 stood at ₹71 crore, rising from ₹60 crore in the same period last year, with an EBITDA margin of 8.6%. Net profit for the quarter rose to ₹36 crore, showing a year-on-year increase of 13%. This positive bottom-line growth reflects improved cost management and stronger product mix efficiency.
Annual Financial Snapshot
Greaves Cotton recorded total revenue of ₹3,110 crore for the whole fiscal year FY25, up 15% from FY24’s ₹2,702 crore. The EBITDA for the year grew to ₹278 crore, compared to ₹229 crore in the previous year, while net profit reached ₹148 crore, up from ₹121 crore.
These results highlight the company’s strategic execution, diversification efforts, and focus on sustainable mobility solutions. The consistent rise in revenue and profit over the year is a testament to Greaves’ agility in adapting to changing market dynamics and consumer needs.
Dividend Declaration
The board of directors announced a final dividend of ₹1.50 per equity share for FY25 in recognition of its impressive performance. This reflects the company’s commitment to delivering value to shareholders while continuing to invest in innovation and expansion. The dividend will be paid to eligible shareholders after approval at the upcoming Annual General Meeting.
Segment-Wise Highlights
Electric Mobility (Ampere Vehicles)
Greaves Electric Mobility, the EV arm operating under the Ampere brand, continued its momentum with growing sales of electric two-wheelers and three-wheelers. The division contributed significantly to the revenue, supported by the rollout of new products and expansion of the dealership network.
The company also made advancements in battery technology and vehicle range, aiming to address range anxiety concerns and increase adoption of EVs in tier 2 and tier 3 cities. Sales during Q4 showed a strong uptick due to year-end buying trends, improved supply chain management, and attractive financing options.
Automotive Engines and Non-Automotive Applications
The traditional engine business also saw consistent demand, especially in the agricultural and industrial sectors. The company witnessed stable order inflow for diesel and CNG engines, used widely in irrigation pumps, small commercial vehicles, and construction machinery.
In the non-automotive space, Greaves’ gensets, marine engines, and light engineering products saw healthy growth, driven by demand from rural electrification, backup power solutions, and infrastructure projects.
Strategic Initiatives and Sustainability Goals
Greaves Cotton has been increasingly focusing on cleaner, sustainable technologies. The corporation made significant investments in R&D and digital capabilities in FY25 with the goal of future-proofing its products. Enhancing linked mobility solutions, growing electric product lines, and breaking into new export markets were among the initiatives. The company also continues to emphasize ESG (Environmental, Social, and Governance) practices by reducing its carbon footprint, improving energy efficiency across plants, and supporting community programs focused on skill development and rural upliftment.
Management Commentary
Commenting on the performance, Greaves Cotton’s MD and CEO, Nagesh Basavanhalli, said, “This quarter’s performance reflects the strength of our diversified portfolio and the successful execution of our transformation strategy. Our focus on electric mobility, while maintaining momentum in our traditional engine and aftermarket businesses, has allowed us to create a balanced and resilient model. We are confident of building on this foundation in FY26.”
Outlook for FY26
Looking ahead, Greaves Cotton aims to accelerate growth by expanding its EV portfolio, increasing localization to reduce costs, and leveraging government support for electric mobility under initiatives like FAME-II. With rising fuel prices and a growing shift towards sustainable alternatives, the company is optimistic about capturing a larger market share in both electric and traditional sectors.
The company is also evaluating potential strategic collaborations to strengthen its supply chain and tap into international markets, especially in Southeast Asia and Africa, where demand for affordable mobility and power solutions is rising.
Conclusion
Greaves Cotton has successfully transformed into a diverse, forward-thinking business, as seen by its Q4 FY25 performance. A defined growth path, solid financials, and growing investor confidence suggest that the company is well-positioned to maintain pace into FY26 and beyond.
The image added is for representation purposes only
