Greaves Cotton Limited · NSE:GREAVESCOT
Greaves Cotton — Q2 FY27 Earnings Presentation
43 slides from Greaves Cotton's earnings presentation, Oct 29, 2026
Slide 1: Exchange filing cover letter
29th October, 2026 To, The Manager – Listing The Manager - Listing BSE Limited National Stock Exchange of India Limited BSE Code – 501455 NSE Code - GREAVESCOT Dear Sir / Madam, Sub: Investor Presentation In furtherance to our intimation dated 22nd October, 2026 and pursuant to Regulation 30 of SEBI
Slide 2: Investor Presentation Q2 FY27
Investor Presentation Q2 FY27
Slide 3: Table of Contents
Table of CONTENTS 1. Company at a Glance 2. Business Performance a. Consolidated b. Core businesses c. Investee businesses 3. Annexures a. Financial backups b. Greaves.Next Strategy 2
Slide 4: Legacy, Reinvented
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Legacy, Reinvented 165 Years of Engineering. Now Powering India’s Energy & Mobility Future We have evolved primarily To a Trusted, Innovative
Slide 5: Greaves: Leveraging Global Partnerships
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Greaves: Leveraging Global Partnerships An Indian Company Transitioning its Presence to a Global Footprint With long-standing global OEM relat
Slide 6: Greaves for India
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Greaves for India Empowering Lives Across Every Mile of India’s Energy & Mobility Journey About our Company Manufacturing & Distribution Footp
Slide 7: A Journey of Growth Since 1859
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy A Journey of Growth Since 1859 Built on Legacy. Driving India Forward 1859 1947 1998 2006 2023 2025 Founded by James Became an Indian Partnere
Slide 8: How Greaves is Different
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy How Greaves is Different What Defines our Uniqueness Legacy backed by strong governance – Over 165 years of expertise in engineering and produ
Slide 9: ESG at the Core
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy ESG at the Core Growth with Responsibility • Commitment towards environmental sustainability is reflected across all aspects of Greaves’ opera
Slide 10: Business performance
Business performance At a glance 9
Slide 11: Long term initiatives
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Long term initiatives New Product development / launches: • Greaves Electric Mobility launched Ampere Nexus EX+ and Magnus G- Max featuring wi
Slide 12: Q2 & H1 FY27 Business Update
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Q2 & H1 FY27 Business Update GCL Consolidated revenue grew 44% YoY in Q2FY27 (38% YOY in H1FY27), with strong growth across both Core and Inve
Slide 13: Greaves Cotton – Business Structure
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Greaves Cotton – Business Structure ENERGY SOLUTIONS GREAVES ELECTRIC MOBILITY LTD Core Investee MOBILITY SOLUTIONS Businesses Businesses GREA
Slide 14: Core Business – Focus Areas
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Core Business – 3 Focus Areas ENERGY SOLUTIONS MOBILITY SOLUTIONS INDUSTRIAL SOLUTIONS Partner in India’s growth by providing Anchored in core
Slide 15: Energy Solutions
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Energy Solutions Figures in ₹ Cr Partner in India’s Industrial and Infrastructure growth Performance Highlights • Focus on MHP (160 to 750 kVA
Slide 16: Mobility Solutions
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Mobility Solutions Figures in ₹ Cr Anchored in Core Engineering Strengths, Focused on Scalable and Adjacent Growth Opportunities Performance H
Slide 17: Industrial Solutions
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Industrial Solutions Figures in ₹ Cr Capability Across Wide Range of Customer Applications and Engine Sizes Performance Highlights • Advanced
Slide 18: Core Businesses – Q2 & H1 FY27 Business performance
Company at a Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance backups strategy Core Businesses – Q2 & H1 FY27 Business performance Resilience, Recovery, Results Figures in ₹ Cr Quarterly Revenues +24% EBITDA and margin 100 92 20 768 88 621 80 15
Slide 19: Our Investee Cos – Complete EV ecosystem
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Our Investee Cos – Complete EV ecosystem Greaves Electric Mobility Ltd Greaves Finance Ltd The electric mobility arm of Greaves, Brand-agnosti
Slide 20: GEML Product Portfolio – Built For Bharat
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance - GEML backups strategy GEML Product Portfolio - Built For Bharat A broadening EV portfolio, backed by demonstrated product capability E2W Portfolio Product Va
Slide 21: Manufacturing Footprint
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance - GEML backups strategy Manufacturing Footprint Adequate capacity headroom to support mid-term volume ramp-up E2W Manufacturing facility at Ranipet, Tamil Nadu
Slide 22: New Product Introductions: Nexus EX+ and Magnus G-Max
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance - GEML backups strategy New Product Introductions: Nexus EX+ and Magnus G-Max Strengthening the E2W portfolio with Ampere’s tech-enabled “Intellipack” connecti
Slide 23: Magnus G-Max: Embarks on an Ultimate Endurance Ride
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance - GEML backups strategy Magnus G-Max: Embarks on an Ultimate Endurance Ride Validating the superior Durability, Reliability and Tech superiority of the upgrade
Slide 24: Patented in-house motor reducing rare-earth dependence
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C performance - GEML 3A 3B Glance performance performance backups strategy Patented in-house motor improving BOM control and reducing rare-earth dependence ▪ Developed and patented a rare-earth free motor archi
Slide 25: Highest ever quarterly volumes in Q2 FY27
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C performance - GEML 3A 3B Glance performance performance backups strategy Highest ever quarterly volumes till date for both businesses in Q2 FY27 YoY Business Growth Key Business Highlights E2W Volumes • 62,94
Slide 26: Superior customer experience across every touchpoint
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C performance - GEML 3A 3B Glance performance performance backups strategy Superior customer experience across every touchpoint All new showrooms opened with Focus on delivering superior in- revamped Brand Guid
Slide 27: Steadily increasing volumes and market share over 2 years
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C performance - GEML 3A 3B Glance performance performance backups strategy Ampere has been steadily and consistently increasing volumes and market share over last 2 years Strengthened Network key to volume grow
Slide 28: Strong market positions in most competitive EV markets
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C performance - GEML 3A 3B Glance performance performance backups strategy Strong market positions in most competitive EV markets Market Share % South + East North + West <2% 2-4% 4-6% >6% NA ~7% ~3% Market Sha
Slide 29: Business scale reflecting in strong financial performances
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Business scale reflecting in strong financial performances Revenue growth of 106% YoY in Q2 FY27, driven by both E2W & L5 3W momentum, with un
Slide 30: Investee Business - GFL
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance - GFL backups strategy Investee Business - GFL Providing Tech Enabled Smart Financial Solutions for EV Owners Performance Highlights • Managed AUM increased 65
Slide 31: Disclaimers
Disclaimers This presentation may include statements of future expectations and other forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects upon Greaves Cotton Limited and its subsidiaries/ associates ("Greaves").
Slide 32: Thank You
Thank You Greaves Cotton Adfactors PR Investor Relations Mohit Upadhyay [email protected] [email protected] 31
Slide 33: Annexures
Annexures 32
Slide 34: Financial snapshot (Business performance)
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Financial snapshot (Business performance) Figures in ₹ Cr GCL Consolidated $ Q2FY27 Q2FY26 Y-o-Y growth (%) H1FY27 H1FY26 Y-o-Y growth (%) Inc
Slide 35: Exceptional items incurred during Q2FY27
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Exceptional items incurred during Q2FY27 Accelerated Depreciation & Amortization: Other Exceptional items: ₹ 27.3 Cr ₹ 32.8 Cr ▪ Brand value o
Slide 36: Financial snapshot (post Exceptional items)
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Financial snapshot (post Exceptional items) Figures in ₹ Cr GCL Consolidated $ Q2FY27 Q2FY26 H1FY27 H1FY26 Business PBT ^ 44 31 71 74 Less acc
Slide 37: Financial snapshot (reported numbers)
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Financial snapshot (reported numbers) Figures in ₹ Cr` GCL Consolidated Q2FY27 Q2FY26 Y-o-Y growth (%) H1FY27 H1FY26 Y-o-Y growth (%) Income f
Slide 38: Revenue reconciliation
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Revenue reconciliation Figures in ₹ Cr Sr. No. Business / Entity Q2 FY27 H1 FY27 A Core Businesses 1 Energy Solutions (forming part of Greaves
Slide 39: Balance Sheet
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Balance Sheet Figures in ₹ Cr GCL - Consolidated Particulars 30-Sep-25 30-Sep-26 Particulars 30-Sep-25 30-Sep-26 Shareholder's Equity 1376 136
Slide 40: A New India is Emerging
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy A New India is Emerging So are New Expectations Aligned with India’s new expectations for SUSTAINABILITY AND ADVANCED MOBILITY STRINGENT EMISS
Slide 41: Our Response – GREAVES.NEXT
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Our Response – GREAVES.NEXT Positioned as a Trusted, Future-Ready, Innovative Engineering Solutions Company EXPAND INTO NEW HORIZONS Expand in
Slide 42: Multi Year Transformation across Key Focus Areas
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Multi Year Transformation across Key Focus Areas Strengthen Enhance Breakout growth in MOBILITY SOLUTIONS INDUSTRIAL ENERGY SOLUTIONS SOLUTION
Slide 43: Way Ahead
Company at a Consolidated Core business Investee business Financial Greaves.Next 1 2A 2B 2C 3A 3B Glance performance performance performance backups strategy Way Ahead The Next Phase of Transformation Focused on sustained organic growth, Increasing Energy complemented by selective inorganic opportun