Greaves Cotton Limited

5.1 million

tion of the fourth solar plant at IEB, Aurangabad. Collectively, the solar facilities now generate 5.1 million units of power annually, with zero liquid discharge. ▪ Recycling and reusing aluminium scrap briq

4.2%

application Strong growth in Institutional business (e.g. Railways) E2W market share climbs to 4.2% from 3.2% as VAHAN volumes expand 54% YoY in H1 FY26 11 GCL Standalone Q2 FY26 Business Highlig

3.2%

on Strong growth in Institutional business (e.g. Railways) E2W market share climbs to 4.2% from 3.2% as VAHAN volumes expand 54% YoY in H1 FY26 11 GCL Standalone Q2 FY26 Business Highlights ₹ 552

54%

ional business (e.g. Railways) E2W market share climbs to 4.2% from 3.2% as VAHAN volumes expand 54% YoY in H1 FY26 11 GCL Standalone Q2 FY26 Business Highlights ₹ 552 Cr ₹ 406 Cr ₹ 146 Cr Reve

₹ 552

3.2% as VAHAN volumes expand 54% YoY in H1 FY26 11 GCL Standalone Q2 FY26 Business Highlights ₹ 552 Cr ₹ 406 Cr ₹ 146 Cr Revenue Engines 18% Y-o-Y 31% Y-o-Y Retail 8% Y-o-Y ₹ 78 Cr EBITDA

₹ 406

VAHAN volumes expand 54% YoY in H1 FY26 11 GCL Standalone Q2 FY26 Business Highlights ₹ 552 Cr ₹ 406 Cr ₹ 146 Cr Revenue Engines 18% Y-o-Y 31% Y-o-Y Retail 8% Y-o-Y ₹ 78 Cr EBITDA 14.2% Ma

₹ 146

mes expand 54% YoY in H1 FY26 11 GCL Standalone Q2 FY26 Business Highlights ₹ 552 Cr ₹ 406 Cr ₹ 146 Cr Revenue Engines 18% Y-o-Y 31% Y-o-Y Retail 8% Y-o-Y ₹ 78 Cr EBITDA 14.2% Margin ₹ 75

18%

26 11 GCL Standalone Q2 FY26 Business Highlights ₹ 552 Cr ₹ 406 Cr ₹ 146 Cr Revenue Engines 18% Y-o-Y 31% Y-o-Y Retail 8% Y-o-Y ₹ 78 Cr EBITDA 14.2% Margin ₹ 75 Cr Op PBT 13.6% Margi

31%

Standalone Q2 FY26 Business Highlights ₹ 552 Cr ₹ 406 Cr ₹ 146 Cr Revenue Engines 18% Y-o-Y 31% Y-o-Y Retail 8% Y-o-Y ₹ 78 Cr EBITDA 14.2% Margin ₹ 75 Cr Op PBT 13.6% Margin ▪ Q2FY26

8%

usiness Highlights ₹ 552 Cr ₹ 406 Cr ₹ 146 Cr Revenue Engines 18% Y-o-Y 31% Y-o-Y Retail 8% Y-o-Y ₹ 78 Cr EBITDA 14.2% Margin ₹ 75 Cr Op PBT 13.6% Margin ▪ Q2FY26 and H1FY26 Revenues

₹ 78

hlights ₹ 552 Cr ₹ 406 Cr ₹ 146 Cr Revenue Engines 18% Y-o-Y 31% Y-o-Y Retail 8% Y-o-Y ₹ 78 Cr EBITDA 14.2% Margin ₹ 75 Cr Op PBT 13.6% Margin ▪ Q2FY26 and H1FY26 Revenues grew 18% and

14.2%

₹ 406 Cr ₹ 146 Cr Revenue Engines 18% Y-o-Y 31% Y-o-Y Retail 8% Y-o-Y ₹ 78 Cr EBITDA 14.2% Margin ₹ 75 Cr Op PBT 13.6% Margin ▪ Q2FY26 and H1FY26 Revenues grew 18% and 20% Y-o-Y respect

“There will be no public offering of the Equity Shares in the United States.”

Future Ready Engineering Company with

1

Future Ready Engineering Company with

Reliable Products Sustainable Technologies Customer Centric Solutions 25 From Then Till Now: Successfully Transformed from a Single- Product Led Player to a Diversified Multi-business Company Till 2016 – Single product focused Strategic Diversification to evolve to a multi-business, fuel-agnostic company Transformed Revenue mix at H1FY26 with a balanced multi- business portfolio Aftermarket 22% Engines 78% Pioneer in single-cylinder diesel engines; Focused largely on automotive engines 1 2 3 Get closer to the customer – driving retail expansion Offer fuel-agnostic solutions – petrol, diesel, CNG, electric Democratize sustainable mobility – EVs and affordable 2W/3W e-mobility Other 1% E-Mobility 22% Excel 7% Retail / Aftermarket 19% Engines 51% Expanded into new businesses: Greaves Retail, Greaves Electric Mobility, Excel Multi-product, multi-fuel, multi-business, multi-competencies company 26 Going Forward: GCL’s Core Businesses will Evolve Under GREAVES.NEXT, Emphasizing our Future-re