This is the biggest single-day fall for the stock since March 17, 2020, when it had declined 17%.
Barring its revenue, the company’s earnings declined across all key parameters in the quarter under review.
Its net profit of ₹25.8 crore declined 22% from the previous year’s ₹33.1 crore.
Revenue for the quarter increased by 31% to ₹974.1 crore from ₹745.4 crore in the June quarter last year.
The company’s earnings before interest, taxes, depreciation and amortisaiton (EBITDA) declined by 1% to ₹56.3 crore from ₹56.9 crore in the previous fiscal.
Its margins contracted to 5.8% from 7.6% in the year-ago period.
During the quarter, the company executed its Greaves.Next strategy by strengthening its core business, expanding its international footprint and making strategic investments to support future growth.”We expanded our international footprint with the establishment of a subsidiary in Dubai, UAE, enhanced our manufacturing capabilities through advanced automation, and continued to grow across our domestic and international businesses despite commodity price and supply chain pressures,” Parag Satpute, the Group CEO and MD at Greaves Cotton was quoted as saying.
Satpute also said that the demand across segments remains encouraging and that the company remains focused on executing their strategy to drive organic growth and capitalize on emerging growth opportunities.
Shares of Greaves Cotton are trading 14.4% lower after the results announcement at ₹199.15. With this fall, the stock has trimmed its year-to-date gains to just 3%.
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First Published: Aug 4, 2026 3:06 PM IST
