Greaves Cotton Q1 revenue rises 22% to ₹541 cr; engineering arm, EV division fuel momentum
(GCL) has reported a 22 per cent year-on-year (YoY) jump in standalone revenue at ₹541 crore for the quarter ended June 30, 2025, on the back of strong growth in its engineering and
electric mobility segments
.
The Pune-headquartered engineering company also posted a 51 per cent rise in EBITDA at ₹76 crore, with margin expansion of 270 basis points driven by operational efficiencies.
At the consolidated level, revenue stood at ₹745 crore, while profit before tax (PBT) came in at ₹44 crore. The firm's EV arm,
Greaves Electric Mobility
, contributed ₹137 crore buoyed by the sustained market demand for the Magnus Neo e-scooter.
'The results highlight the strength of our diversified and resilient business model,' said its Managing Director and Group Chief Executive Officer, Parag Satpute. He reaffirmed the company's commitment to investing in R&D and new product innovation.
The engineering business saw a 30 per cent YoY growth, with automotive engines rising 46 per cent and genset sales climbing 30 per cent. The company highlighted strong export momentum, which contributed 14 per cent of its total revenue during the quarter.
The company continues to focus on fuel-agnostic engines and genset solutions catering to diverse sectors including marine, construction, and hospitality.
GCL's combined revenue, including subsidiary Excel, stood at ₹601 crore, with EBITDA at ₹91 crore. Looking ahead, the company is banking on application engineering, mobility expansion and sustainability initiatives — including 5.1 million units of clean energy generated annually from solar — to power its next growth phase.
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