Please find attached the transcript of earnings call for the quarter ended 30th June, 2026

12th August, 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: Transcript of the earnings call for the quarter ended 30th June, 2026 In furtherance to our intimation dated 28th July, 2026, please find enclosed the transcript of the earnings call for the quarter ended 30th June, 2026. The transcript is also made available on the Company’s website at www.greavescotton.com under ‘Investors’ section. Kindly take the same on record. Thanking You, Yours faithfully, For Greaves Cotton Limited Atindra Basu Group General Counsel & 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 “Greaves Cotton Limited Q1 FY27 Earnings Conference Call” August 05, 2026 MANAGEMENT: MR. PARAG SATPUTE – MANAGING DIRECTOR AND GROUP CHIEF EXECUTIVE OFFICER – GREAVES COTTON LIMITED MR. VIKAS SINGH – MANAGING DIRECTOR -- GREAVES ELECTRIC MOBILITY LIMITED MR. MANISH PODDAR – GROUP CHIEF FINANCIAL OFFICER MR. ASHISH KALE – HEAD INVESTOR RELATIONS – GREAVES COTTON LIMITED Page 1 of 21 Greaves Cotton Limited August 05, 2026 Moderator: Ladies and gentlemen, good morning, and welcome to Greaves Cotton Limited Q1 FY27 Earnings Conference Call. As a reminder, all participants will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Ashish Kale, Head Investor Relations from Greaves Cotton Limited. Thank you, and over to you sir. Ashish Kale: Thank you, Danish. Good morning, ladies and gentlemen, and a very warm welcome to Greaves Cotton Limited's Q1 FY27 Earnings Conference Call. The financial results and investor presentation for the quarter ended 30th June 2026 have been filed with the stock exchanges and are also available on the company's website. I hope you had an opportunity to review them. From the management team today, we have with us Mr. Parag Satpute, MD and Group CEO; Mr. Vikas Singh, MD of Greaves Electric Mobility Limited; and Mr. Manish Poddar, Group CFO. We will begin with opening remarks from the management, following which we'll open the floor for questions. Before we begin, a brief disclaimer. Today's discussion may contain certain forward-looking statements relating to the company's business prospects, strategy and financial performance. These statements are subject to risks and uncertainties, and actual results may differ materially. We request participants to refer to the disclaimer included in the investor presentation. I will now hand over the call to Parag to take us through the performance of the company and the progress on our strategic priorities. Over to you, Parag. Parag Satpute: Thank you, Ashish, and good morning to everyone who's on this call. Thank you for joining us today. Greaves Cotton has begun FY27 with another quarter of disciplined execution. Let me begin with 3 key messages from the quarter. First, we delivered a strong revenue growth across the consolidated and the core businesses. Second, we continue to advance Greaves.Next through investments in our businesses, capabilities and international presence. And third, we have taken clear actions to address the near-term pressure on margins. So let's get into the details. At a consolidated level, we recorded a revenue of INR975 crores, which represents a year-on- year growth of 31%. Within that, our core businesses grew 16% year-on-year with a revenue of INR710 crores. This performance was supported by healthy demand across both our core and Page 2 of 21 Greaves Cotton Limited August 05, 2026 investee businesses. Greaves.Next, which is our strategy to build a trusted, innovative and future-ready engineering company, continues to progress well. During the quarter, we remained focused on strengthening our core businesses, expanding our international presence and building the leadership and organizational capabilities that will be needed for sustainable and profitable growth. As outlined earlier, our strategy is built around three business segments: Energy Solutions, Mobility Solutions and Industrial Solutions. Now I'll take you through each of these to look at the performance of these businesses. Let's start with Energy Solutions. The demand remained strong during this quarter. This was supported by continuing investments across infrastructure, manufacturing, commercial and industrial applications. Against this backdrop, our Energy Solutions business maintained its growth momentum and delivered a 21% year-on-year growth. And within this portfolio, our medium horsepower genset business, which, if you remember, is our focus area, continued to outperform. It grew 32% year-on-year, and this is supported by the strong demand in industrial and commercial applications. Also during this quarter, we successfully executed a large institutional order, which covers supply, installation, commissioning and aftersales services. These developments strengthen our order pipeline and reinforce the customers' confidence in our integrated solutions capabilities. Alongside this financial business growth, we have continued to advance our digitization agenda. This is done through AI-led predictive maintenance initiatives and CRM programs, which are aiming to improve customer engagement and service responsiveness. Also, we commissioned a pilot Battery Energy Storage System facility, what you might call BESS. This is an important step in developing our capabilities in the emerging energy solutions business area, and it is well in line with our broader solution strategy. Overall, we remain positive about the outlook for Energy Solutions. With a wider portfolio, an integrated solutions approach and improving customer reach, we believe we are very well positioned to capture the opportunities ahead. Moving now to the Mobility Solutions. This segment, to remind callers, includes automotive engines, aftermarket retail and spares, engineered components, which is Excel, Greaves Technologies and our e-Powertrain initiatives. The industry -- the automotive industry maintained a healthy momentum during this quarter, particularly in the domestic 3-wheeler segment. As you know, we are very well positioned to benefit from this, and the automotive engine business delivered another strong quarter, growing 36% year-on-year. In the retail aftermarket business, we had done a portfolio pruning exercise as a part of the new strategy. This has now been completed. The business is now more focused and is well on track to perform in line with our strategy. Our Engineered Components business, Excel, also returned to the growth path and delivered a 14% year-on-year growth in this quarter. Page 3 of 21 Greaves Cotton Limited August 05, 2026 It was also encouraging from a customer acquisition perspective. This business added new customers including international customers, which strengthens the quality and diversity of our customer portfolio. Within the future mobility initiatives, we continue to progress the e- powertrain program through customer validation activities and engagement with multiple OEMs in the L3 and L5 segments. In conclusion, the Mobility Solutions business delivered an 18% year-on-year growth during this quarter and remains well positioned with its strong OEM relationship for the f [Showing first 8,000 characters — download PDF for full document]