Mumbai, July 31 -- Consolidated operating Profit Before Tax (PBT) surged 185% year-on-year to Rs 44 crore in Q1FY26. EBITDA rose by 109% YoY to Rs 57 in Q1FY26, and EBITDA margin improved to 7.6% from 4.3% a year ago, driven by operational efficiency, strong product demand, and sustained innovation.

On a sequential basis, however, revenue dipped 9% compared to Q4 FY25, even as EBITDA grew 24% and operating PBT rose 62%.

Lower raw material costs (RMC at 64.9% vs 67.4% YoY) and improved cost efficiencies helped lift operating performance.

Parag Satpute, MD and Group CEO, Greaves Cotton said, "Our Q1 FY26 results highlight the strength of our diversified and resilient business model and our unwavering commitment to operational excellence....