Mumbai, May 6 (IANS) Greaves Cotton on Wednesday reported a 6.2 per cent decline in profitability for the fourth quarter (Q4) of FY26.

The company posted a consolidated net profit of Rs 23 crore for the quarter ended March 31, compared to Rs 24 crore recorded in the same period previous financial year (Q4 FY25), according to its stock exchange filing.

Despite the dip in bottom-line performance, revenue from operations rose sharply by 21.5 per cent year-on-year to Rs 1,000 crore, compared with Rs 823 crore in Q4 FY25, driven by broad-based demand across its business segments.

Operating performance remained a key highlight during the quarter. EBITDA surged 48 per cent year-on-year to Rs 68 crore from Rs 46 crore, while operating margins improved to 6.8 per cent from 5.6 per cent in the year-ago period.

The board has recommended a dividend of Rs 2 per share, representing 100 per cent on the face value of Rs 2 each, for the financial year ended March 31, 2026. The company said the payout, subject to shareholder approval, will be made within 30 days of the annual general meeting.

Management attributed the overall performance to strong execution and consistent growth across core businesses during FY26. The company highlighted that all segments contributed to growth, supported by healthy demand conditions, improved operational discipline and strategic initiatives.

International operations continued to emerge as a significant growth driver, contributing 13 per cent to the company’s core business revenue during the year, up from 9 per cent earlier. This growth was supported by traction across energy, mobility and industrial segments.

Managing Director and Group CEO Parag Satpute said the company delivered robust growth at a consolidated level, aided by strong demand, improved profitability and disciplined execution. He added that international business momentum, particularly in mobility, played a crucial role as the company strengthened partnerships with global OEMs.

–IANS

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