Industrial Machinery company Elecon Engineering Company announced Q1FY26 results Revenue: Rs 491 crore compared to Rs 392 crore during Q1FY25, change 25% YoY. EBITDA: Rs 130 crore, change 41% YoY. PAT: Rs 175 crore, change 139% YoY. Prayasvin B. Patel, Chairman & Managing Director, Elecon Engineering Company, said: “For Q1FY26, Elecon reported consolidated revenue of Rs 491 crore, reflecting a healthy growth of 25% on a Y-o-Y basis. EBITDA stood at Rs 130 crore, with EBITDA margin at 26.6%. We have recognized Rs 35 crore as income from the arbitration settlement (Rs 25 crore in Revenue and Rs 10 crore in Other Income) as well as Rs 80 crore as exceptional gain pertaining to reclassification of investment in EIMCO Elecon (India) Limited. Including these, the PAT for the quarter stood at Rs 175 crore. Elecon continues to maintain its leadership position in the Indian market for both Industrial Gear Solutions and Material Handling Equipment. Our competitive edge is driven by advanced manufacturing capabilities, a comprehensive portfolio of high-quality products, and the ability to deliver custom-engineered solutions with optimized lead times, ensuring consistent and quality products for our diversified customers. In Q1FY26, our Material Handling Equipment (MHE) division continued to deliver a strong performance, with robust growth in revenue and uptick in margin. Performance in the MHE division was aided to some extent by the arbitration settlement income recognized in this quarter. With our pivot towards product supply and aftermarket services, we expect steady momentum in the MHE division in the coming years. Our Gear division delivered a resilient performance during the quarter, with a growth of 6.1% in revenue and EBIT margin at 18.4%. Margin was impacted on account of accelerated depreciation charge for assets which were capitalized in Q4FY25. Once capacities ramp up and revenue starts building up from the new capex, we expect the recovery in margin going forward. We are seeing healthy demand in both, domestic and overseas markets. In the domestic market, we are seeing healthy capacity addition activities in our core sectors of steel, power, and cement which will drive the growth. The overseas business too remains on a solid footing, with consistent traction seen across geographies. The enquiry levels from our customers are encouraging. We are steadily advancing towards our strategic objective of generating 50% of our consolidated revenue from international markets by FY30. Strengthening relationships with global OEMs and sustained brand-building initiatives continue to reinforce our confidence in achieving this milestone. Our growth strategy is supported by strategic alliances with international partners, ongoing investments in R&D; and product innovation, and a focused push within the high-growth MHE division. These efforts collectively position us to outperform broader industry trends and accelerate our domestic & global footprint. Our priority is to attain sustainable profitable growth and creating longterm value for all our stakeholders.” Result PDF