Greaves Cotton Q2 FY27 slides: 44% revenue surge, EV losses narrow
Greaves Cotton Limited reported a 44% year-over-year increase in consolidated revenue to ₹1,176 crores for Q2 FY27, as it continues its transformation journey. The electric mobility segment, Greaves Electric Mobility Ltd (GEML), showed exceptional growth of 106% year-over-year, generating ₹410 crores in Q2 revenues. Energy Solutions also grew by 36%, reaching ₹229 crores in Q2.
Industrial Solutions maintained a flat performance after exiting farm equipment, but like-for-like growth was 9%. The company's shares rose 3.14% to $186.8 following the update, though they remain below their 52-week high of $271.9. Despite revenue growth, margin pressure from commodity inflation constrained profitability gains.
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