Greaves Cotton Limited

Greaves Cotton demonstrated robust revenue growth in Q2 FY27, with consolidated revenue surging 44% year-over-year to ₹1,176 crore, fueled by strong performance in both core businesses and its investee, Greaves Electric Mobility Ltd (GEML). While operational growth was impressive, exceptional items totaling ₹60 crore, stemming from GEML's portfolio rationalization and IPO-related costs, significantly impacted consolidated profitability, resulting in a net loss of ₹29.81 crore. The company's strategic initiatives, including the acquisition of Excel Controlinkage and a substantial rights issue in GEML, position it for future expansion, particularly in the electric mobility sector, though investors should monitor the impact of these investments on near-term earnings.