Key Financial Figures - Standalone (₹ in Crores)
Quarterly Performance:
- Revenue from Operations: ₹629.39 (Q1 FY27) vs ₹540.54 (Q1 FY26) vs ₹697.55 (Q4 FY26)
- Other Income: ₹11.18 (Q1 FY27) vs ₹12.85 (Q1 FY26) vs ₹13.33 (Q4 FY26)
- Total Income: ₹640.57 (Q1 FY27) vs ₹553.39 (Q1 FY26) vs ₹710.88 (Q4 FY26)
- Total Expenses: ₹573.57 (Q1 FY27) vs ₹477.01 (Q1 FY26) vs ₹624.20 (Q4 FY26)
- Profit Before Tax: ₹67.00 (Q1 FY27) vs ₹76.38 (Q1 FY26) vs ₹70.70 (Q4 FY26)
- Tax Expense: ₹17.16 (Q1 FY27) vs ₹19.74 (Q1 FY26) vs ₹22.95 (Q4 FY26)
- Net Profit: ₹49.84 (Q1 FY27) vs ₹56.64 (Q1 FY26) vs ₹47.75 (Q4 FY26)
- Earnings Per Share (Basic): ₹2.14 (Q1 FY27) vs ₹2.43 (Q1 FY26) vs ₹2.05 (Q4 FY26)
- Earnings Per Share (Diluted): ₹2.12 (Q1 FY27) vs ₹2.42 (Q1 FY26) vs ₹2.03 (Q4 FY26)
Expense Breakdown (Q1 FY27):
- Cost of materials consumed: ₹438.29
- Purchases of stock-in-trade: ₹23.53
- Changes in inventories: (₹29.77)
- Employee benefits expense: ₹50.35
- Finance costs: ₹1.01
- Depreciation and amortization: ₹14.02
- Other expenses: ₹76.14
Key Financial Figures - Consolidated (₹ in Crores)
Quarterly Performance:
- Revenue from Operations: ₹974.12 (Q1 FY27) vs ₹745.43 (Q1 FY26) vs ₹1,000.26 (Q4 FY26)
- Other Income: ₹10.94 (Q1 FY27) vs ₹18.04 (Q1 FY26) vs ₹13.10 (Q4 FY26)
- Total Income: ₹985.06 (Q1 FY27) vs ₹763.47 (Q1 FY26) vs ₹1,013.36 (Q4 FY26)
- Total Expenses: ₹958.01 (Q1 FY27) vs ₹719.93 (Q1 FY26) vs ₹969.75 (Q4 FY26)
- Profit Before Tax: ₹27.05 (Q1 FY27) vs ₹43.02 (Q1 FY26) vs ₹27.63 (Q4 FY26)
- Tax Expense: ₹20.89 (Q1 FY27) vs ₹22.17 (Q1 FY26) vs ₹25.43 (Q4 FY26)
- Net Profit: ₹6.16 (Q1 FY27) vs ₹20.85 (Q1 FY26) vs ₹2.20 (Q4 FY26)
- Profit Attributable to Owners: ₹25.77 (Q1 FY27) vs ₹33.09 (Q1 FY26) vs ₹22.54 (Q4 FY26)
- Non-Controlling Interest: (₹19.61) (Q1 FY27) vs (₹12.24) (Q1 FY26) vs (₹20.34) (Q4 FY26)
- Earnings Per Share (Basic): ₹1.11 (Q1 FY27) vs ₹1.42 (Q1 FY26) vs ₹0.97 (Q4 FY26)
- Earnings Per Share (Diluted): ₹1.10 (Q1 FY27) vs ₹1.42 (Q1 FY26) vs ₹0.96 (Q4 FY26)
Segment Performance (Q1 FY27)
Revenue:
- Engines and Engineering Products: ₹705.31
- Electric Mobility & Other Vehicles: ₹269.82
- Vehicle Finance: ₹14.07
- Total Segment Revenue: ₹989.20
- Less: Inter-Segment Revenue: ₹15.08
- Net Revenue: ₹974.12
Segment Results:
- Engines and Engineering Products: ₹106.28 profit
- Electric Mobility & Other Vehicles: (₹45.77) loss
- Vehicle Finance: ₹4.37 profit
- Total Segment Results: ₹64.88
Segment Assets (as of June 30, 2026):
- Engines and Engineering Products: ₹1,803.26
- Electric Mobility & Other Vehicles: ₹694.96
- Vehicle Finance: ₹429.78
- Total Segment Assets: ₹2,928.00
- Unallocable Assets: ₹161.14
- Total Assets: ₹3,089.14
Exceptional Items
- During Q4 FY26, the company recognized an impairment provision of ₹15.98 crore on certain tangible and intangible assets under development due to significant adverse changes in expected project execution and customer demand.
- During FY26, the company accrued a provision of ₹19.26 crore (consolidated) for the impact of newly notified Labour Codes consolidating 29 existing labour laws.
Corporate Actions and Investments
- On May 6, 2026, the Board proposed a final dividend of ₹2 per share (previous year ₹2 per share) on face value of ₹2 each, totaling ₹46.58 crore payout, subject to shareholder approval.
- On July 9, 2026, the Board approved the company's participation in the proposed rights issue of Greaves Electric Mobility Limited (GEML) to fully subscribe its entitlement aggregating up to approximately ₹331 crores.
- During Q1 FY27, the company made a further investment of ₹50 crores in Greaves Finance Limited by way of subscription to equity shares on a rights basis.
- During Q1 FY27, the company incorporated a wholly owned subsidiary, "Greaves International Trading FZE" in Dubai, UAE.
Subsidiary Information
The consolidated results include the following subsidiaries:
- Greaves Electric Mobility Limited (subsidiary)
- Bestway Agencies Private Limited (step-down subsidiary)
- MLR Auto Limited (step-down subsidiary)
- Excel Controlinkage Private Limited (subsidiary)
- Greaves Technologies Limited (subsidiary)
- Greaves Finance Limited (subsidiary)
- Greaves International Trading FZE (subsidiary)
Audit and Review Details
- The financial results were reviewed by the Audit Committee on August 3, 2026, and approved by the Board of Directors on August 4, 2026.
- The limited review was conducted by Price Waterhouse Chartered Accountants LLP, who issued an unmodified conclusion.
- The Board meeting commenced at 09:00 AM IST and concluded at 01:45 PM IST on August 4, 2026.