Greaves Cotton LimitedQ2 FY27 Results & Financial Update
Greaves Cotton Limited: Q2 FY27 consolidated results and company financials – revenue ₹1,175.91 Cr, PAT ₹-29.81 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Find an answer
Ask this result
Chart · Market context
Greaves Cotton price & chart
Market priceLoading…
1Y return—Price return
Loading market chart…
TradingView Lightweight Charts™ · Copyright © 2025 TradingView, Inc.TradingView
Market chartPrice chart temporarily unavailableThe price chart could not be loaded right now. The reported financial results remain available above.
Spotted a factual error?Tell us the number, date or statement and we will re-check the underlying records and calculations.Report an error
Quarterly Results AnalysisExplore Greaves Cotton Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Greaves Cotton Limited posted a consolidated revenue from operations of INR 1,175.91 crore for Q2 FY27, reflecting an expansion compared to INR 974.12 crore recorded in the preceding quarter (Q1 FY27). Total income for the quarter stood at INR 1,187.08 crore, compared to INR 985.06 crore in the previous quarter.
Despite the top-line increase, the company recorded a consolidated loss at the profit before tax (PBT) level of INR 15.91 crore during Q2 FY27, shifting downwards from a positive PBT of INR 27.05 crore reported in Q1 FY27.
Consolidated profit after tax (PAT) for the quarter remained in negative territory at a loss of INR 29.81 crore, compared to a loss of INR 6.16 crore in the preceding quarter, indicating continued bottom-line pressure despite higher quarterly turnover.
Tax expenses for the quarter were recorded at INR 13.90 crore, up from INR 20.89 crore in Q1 FY27, while finance costs stood at INR 5.91 crore compared to INR 12.01 crore in the prior period.
Depreciation and amortisation expenses for Q2 FY27 were reported at INR 53.22 crore, compared to INR 28.21 crore in the preceding quarter. Other income stood at INR 11.17 crore alongside interest income of INR 14.80 crore.
Basic and diluted earnings per share (EPS) for the quarter was reported at INR 0.20, compared to INR 1.10 in the previous quarter. Total provisions for the period were noted at INR 97.02 crore.
01 · Business model
What does Greaves Cotton do?
Greaves Cotton Limited operates as a diversified engineering company with a multi-sector footprint spanning engines, electric mobility, retail, and related engineering products and services.
The company manufactures internal combustion engines used in applications such as three-wheelers, small commercial vehicles, farm equipment, and industrial machinery, catering to both domestic and international markets.
Through its subsidiaries and business verticals, the company also participates in the electric vehicle segment, offering electric two-wheelers and three-wheelers to address shifting mobility preferences.
Its operating model combines traditional manufacturing and distribution networks with emerging clean-tech business lines, serving retail customers, commercial fleet operators, and original equipment manufacturers.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹1,175.91 Cr | ₹974.12 Cr |
| Total income | ₹1,187.08 Cr | ₹985.06 Cr |
| Profit before tax | ₹-15.91 Cr | ₹27.05 Cr |
| Profit after tax | ₹-29.81 Cr | ₹6.16 Cr |
| EPS | ₹0.20 | ₹1.10 |
Financial interpretation
What the reported numbers mean
Profit after tax represented -2.5% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to -1.4% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹11.17 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Consolidated revenue from operations rose to INR 1,175.91 crore in Q2 FY27 from INR 974.12 crore in Q1 FY27, reflecting higher sequential commercial activity across the company's operating segments.
Total income reached INR 1,187.08 crore for the quarter, supported by core operational revenue alongside other income of INR 11.17 crore and interest income of INR 14.80 crore.
What drove margins
Depreciation and amortisation expenses increased to INR 53.22 crore in Q2 FY27 from INR 28.21 crore in Q1 FY27, adding structural cost weight during the quarter. Finance costs moderated sequentially to INR 5.91 crore from INR 12.01 crore.
The company incurred tax expenses of INR 13.90 crore during Q2 FY27 alongside total provisions of INR 97.02 crore, which influenced the final net earnings outcome alongside operating performance.
04 · Items worth noticing
The line items that can distort a quick read
Total provisions amounting to INR 97.02 crore were recorded during the quarter under review.
05 · Beyond the numbers
What changed beyond the numbers
Reported update
Filing Submission and Statutory Status
The financial results for Q2 FY27 were filed through an official exchange structured filing under Indian Accounting Standards (Ind AS) on a consolidated basis, carrying an unaudited status.
06 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations increased from INR 974.12 crore in Q1 FY27 to INR 1,175.91 crore in Q2 FY27.
PBT shifted from INR 27.05 crore in Q1 FY27 to a loss of INR 15.91 crore in Q2 FY27, while PAT moved from a loss of INR 6.16 crore to a loss of INR 29.81 crore.
07 · Key Q&A
The quarter, answered directly
What does Greaves Cotton do?
Greaves Cotton Limited operates as a diversified engineering company with a multi-sector footprint spanning engines, electric mobility, retail, and related engineering products and services.
What is the clearest takeaway from Q2 FY27?
Greaves Cotton Limited posted a consolidated revenue from operations of INR 1,175.91 crore for Q2 FY27, reflecting an expansion compared to INR 974.12 crore recorded in the preceding quarter (Q1 FY27). Total income for the quarter stood at INR 1,187.08 crore, compared to INR 985.06 crore in the previous quarter.
What drove revenue or demand?
Consolidated revenue from operations rose to INR 1,175.91 crore in Q2 FY27 from INR 974.12 crore in Q1 FY27, reflecting higher sequential commercial activity across the company's operating segments.
What mattered most for margins or profitability?
Depreciation and amortisation expenses increased to INR 53.22 crore in Q2 FY27 from INR 28.21 crore in Q1 FY27, adding structural cost weight during the quarter. Finance costs moderated sequentially to INR 5.91 crore from INR 12.01 crore.
What changed operationally beyond the headline numbers?
The financial results for Q2 FY27 were filed through an official exchange structured filing under Indian Accounting Standards (Ind AS) on a consolidated basis, carrying an unaudited status.
What should the next disclosure help confirm?
Track whether subsequent quarters can translate top-line growth into positive PBT and PAT outcomes.
08 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
09 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Sequential Margin Recovery: Track whether subsequent quarters can translate top-line growth into positive PBT and PAT outcomes.
- 02
Cost Structure Trajectory: Monitor the normalisation of depreciation, tax expenses, and provisions against revenue progression in upcoming reporting periods.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.