Press Release

29th October, 2026 The Manager - Listing The Manager - Listing BSE Limited National Stock Exchange of India Limited BSE Code - 501455 NSE Code - GREAVESCOT Dear Sir/Madam, Sub: Press Release regarding Financial Results Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Press Release regarding the Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2026. Kindly take the same on record. Thanking You, Yours faithfully, For Greaves Cotton Limited Atindra Basu Group General Counsel and Company Secretary Membership No: F13799 Encl.: a/a Greaves Cotton Limited Email ID: investorservices@greavescotton.com I Website: www.greavescotton.com Registered Office: J-2, MIDC Industrial Area, Chikalthana, Chhatrapati Sambhajinagar - 431 006, Maharashtra, India. Tel.: (+91 240) 2479250, 2479232 Corporate Office: Unit Nos. 301 & 302, 3rd Floor, Tower B, Peninsula Business Park, Ganpatrao Kadam Marg, Off Senapati Bapat Marg, Lower Parel, Mumbai – 400 013, India. Tel: +91 22 41711700 I CIN: L99999MH1922PLC000987 Press Release – Q2FY27 Greaves Cotton Advances GREAVES.NEXT Strategy; Delivers Strong Growth Across its Core and Investee Businesses in Q2FY27  Reports consolidated revenue of ₹1,176 crore in Q2 FY27 (H1 FY27: ₹2,150 crore) and standalone revenue of ₹682 crore (H1 FY27: ₹1,312 crore). Consolidated revenue grew 44% YoY in Q2 FY27 and 38% YoY in H1 FY27, driven by strong performance across both Core and Investee Businesses.  Correspondingly EBITDA grew 43% YoY in Q2FY27 and 20% YoY in H1FY27.  Greaves Cotton's Core Businesses recorded 24% YoY growth in Q2 FY27 and 20% growth in H1 FY27, reflecting continued momentum across Energy Solutions, Mobility Solutions and Industrial Solutions.  GEML consolidated revenue of ₹410 crore in Q2 FY27 (H1 FY27: ₹680 crore) registering 106% YoY growth in Q2 FY27 and 103% YoY growth in H1 FY27.  Launches new products and variants across the Electric mobility (Ampere Nexus EX+ and Magnus G-Max) and Core Businesses (750 HP firefighting engine, 470 cc diesel engine for 3W applications). Mumbai, October 29, 2026: Greaves Cotton Limited (BSE: 501455 NSE: GREAVESCOT) one of India's leading diversified engineering companies, announced its unaudited financial results for the quarter ended September 30, 2026. Financial Performance Consolidated  Revenue for Q2 FY27 stood at ₹1,176 crore, up 44% YoY. H1 FY27 revenue stood at ₹2,150 crore, up 38% YoY.  EBITDA increased to ₹73 crore in Q2 FY27 up by 43% YoY from ₹51 crore in Q2 FY26, while H1 FY27 EBITDA stood at ₹130 crore compared with ₹108 crore in the corresponding period last year.  Business PBT for Q2 FY27 stood at ₹44 crore, while H1 FY27 Business PBT stood at ₹71 crore.  Reported exceptional and one-off items of ₹60 crore in Q2FY27.  PBT for Q2 FY27 stood at ₹-16 crore, while H1 FY27 PBT stood at ₹11 crore. Standalone  Revenue for Q2 FY27 stood at ₹682 crore, up 24% YoY, while H1 FY27 revenue grew 20% YoY to ₹1,312 crore.  EBITDA stood at ₹69 crore in Q2 FY27 and ₹140 crore in H1 FY27.  PBT for Q2 FY27 stood at ₹56 crore, while H1 FY27 PBT stood at ₹123 crore. Management Commentary Parag Satpute, MD & Group CEO, Greaves Cotton Limited, said: “Our Q2 FY27 performance reflects disciplined execution across our diversified portfolio, with strong growth across our Core Businesses and continued progress on the priorities under GREAVES.NEXT. Our diversified portfolio enabled us to deliver robust revenue growth while advancing key strategic initiatives across Energy Solutions, Mobility Solutions and Industrial Solutions. During the quarter, we strengthened our product portfolio, expanded customer reach, advanced our international presence and continued to invest in technology, engineering capabilities and customer-centric solutions.” "We remained focused on driving operational excellence through pricing discipline, value engineering, productivity enhancements and cost optimisation initiatives, while continuing to invest in strategic growth opportunities across our businesses. As we enter the second half of FY27, our priorities remain clear: sustaining growth, strengthening operating and financial performance, expanding our international footprint and building higher-value customer solutions. With a strong engineering foundation, a diversified business portfolio and disciplined execution, we remain committed to creating sustainable long-term value for our shareholders and all stakeholders." Business Highlights Energy Solutions delivered strong growth during Q2 FY27, with revenue increasing 36% YoY and 28% YoY in H1 FY27, supported by continued momentum in the domestic diesel genset market. Growth was led by the MHP genset portfolio (160-750 kVA), which grew 35% YoY in H1 FY27, while the aftermarket business expanded 15% YoY, reinforcing recurring revenue streams and customer engagement. During the quarter, the business further strengthened its technology-enabled service offerings and expanded its export footprint through deliveries of enhanced gensets to a key Middle East market, supporting its focus on profitable growth, customer-centric innovation and market expansion. Mobility Solutions continued to deliver strong growth during Q2 FY27, registering 23% YoY growth and achieving 22% YoY growth in H1 FY27. The Automotive Engines business strengthened its market position through continued momentum in core segments and the launch of the G470 diesel engine, enhancing the Company's powertrain portfolio and supporting future growth opportunities. The Engineered Components business delivered robust 30% YoY growth, supported by increased customer engagement across domestic and export markets. During the period, the business secured new export orders, including from Tata Motors Indonesia, further expanding its international footprint and reinforcing its competitiveness in global markets. The Retail business maintained stable performance, supported by its established distribution network and customer reach. The continued growth across Mobility Solutions reflects the Company's focus on strengthening its Core Businesses, increasing engineering-led content, expanding export opportunities, and enhancing its product portfolio, positioning the business to capture growth opportunities across automotive and mobility ecosystems. International Business remained a strategic pillar under GREAVES.NEXT, contributing approximately 13% of Core Business revenue during H1FY27. The Company's long-term objective is to build stronger market presence, customer relationships and partnerships across key international markets. Greaves Electric Mobility Limited (GEML) delivered a strong growth performance during H1 FY27, driven by sustained momentum across both electric two-wheelers and L5 electric three-wheelers. Ampere electric two-wheeler VAHAN registrations grew 114% YoY in Q2 FY27, while the business continued to strengthen its market position, achieving 4.8% market share during H1 FY27. The L5 three-wheeler business recorded 74% YoY VAHAN registration growth, supported by expanding customer adoption and deeper market penetration. The Company's operating performance reflected the benefits of scale and improved execution. Consolidated revenue more than doubled to ₹410 crore in Q2 FY27, compared to ₹199 crore in Q2 FY26, representing 106% YoY growth. At the same time, EBITDA losses reduced by half year-on-year, reflecting improved operating leverage and margin expansion. GEML continued to scale its distribution network, with dealer count up 31% YoY and dealer throughput improving 39%, expanding its reach to 600+ touchpoints, supported by growing fleet and e-commerce channels The business also advanced its innovation roadmap, including the development of a patented rare- earth-free motor architecture, reinforcing its commitment to technology-led and sustainable mobility solutions. With accelera [Showing first 8,000 characters — download PDF for full document]