Conference Call with Elecon Engineering Company Management and Analysts on Q2FY26 Performance and Outlook. Listen to the full earnings transcript.
Industrial Machinery company Elecon Engineering Company announced Q2FY26 results Revenue: Rs 578 crore compared to Rs 508 crore during Q2FY25, change 13%. EBITDA: Rs 126 crore compared to Rs 112 crore during Q2FY25, change 11.9%. EBITDA Margin: 21.7% for Q2FY26. PAT: Rs 88 crore compared to Rs 88 crore during Q2FY25. PAT Margin: 15.2% for Q2FY26. Shri Prayasvin B. Patel, Chairman & Managing Director, Elecon Engineering Company, said: “For Q2FY26, Elecon reported Consolidated Revenue of Rs 578 crore, reflecting a growth of 13.8% on a YoY basis. EBITDA for the quarter stood at Rs 126 crore, with an EBITDA margin at 21.7%, while Profit after Tax (PAT) was Rs 88 crore, resulting in PAT margins at 15.2%. The Order-in-take for the quarter was Rs 688 crore with a growth of 28% YoY. Our current order book, along with Order-in-take outlook across both domestic and overseas markets, reinforces our confidence in meeting the full-year guidance. Elecon continues to be a leader in the Indian market for both Industrial Gear Solutions and Material Handling Equipment and is able to harness the growth momentum in India. We continue to focus on overseas business across different geographies. Our competitive edge is driven by advanced manufacturing capabilities which has been upgraded with latest machines in past 3 years, 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. During Q2FY26, our Material Handling Equipment (MHE) division sustained its strong growth trajectory, delivering 33.0% YoY growth in revenue along with uptick in margins. As we pivot towards product supply and expand our aftermarket services, we expect this segment to maintain steady momentum in the years ahead. Our Gear division also demonstrated a resilient performance, registering 8.9% YoY revenue growth and EBIT margin stood at 19.2%. We are seeing healthy demand in both, domestic and overseas markets. In India, we are witnessing sustained investment activity in our key sectors — steel, power, and cement — which is expected to drive growth. The overseas business too remains on a solid footing, with consistent traction and encouraging enquiry levels across various geographies. 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 underpinned by strategic alliances with international partners, Continued investments in R&D; and innovation, and a focused push to scale our high-growth MHE division. These initiatives collectively position Elecon to outperform industry trends, expand our domestic and global presence, and most importantly, deliver sustainable, profitable growth.” Result PDF
Conference Call with Elecon Engineering Company Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
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
Industrial Machinery company Elecon Engineering Company announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue: Rs 798 crore, change 41% YoY. EBITDA: Rs 195 crore, change 44% YoY. PAT: Rs 146 crore, change 41%. FY25 Financial Highlights: Revenue: Rs 2,227 crore, change 15% YoY. EBITDA: Rs 543 crore, change 14% YoY. PAT: Rs 415 crore, change 17%. Prayasvin B. Patel, Chairman & Managing Director, Elecon Engineering Company, said: “For Q4FY25, Elecon reported consolidated revenue of Rs 798 crore, reflecting a robust growth of 41.3% on a YoY basis. The quarterly EBITDA stood at Rs 195 crore, with EBITDA margin at 24.5%. Profit after Tax (PAT) for Q4FY25 was Rs 146 crore, with PAT margin at 18.4%. For FY25, the consolidated revenue stood at Rs 2,227 crore, clocking 14.9% YoY growth, in line with our annual guidance of Rs 2,225 crore. The annual EBITDA stood at Rs 543 crore, with EBITDA margin at 24.4%. PAT for FY25 was Rs 415 crore, with PAT margin at 18.6%. 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 Q4FY25, the Material Handling Equipment (MHE) division saw a remarkable 98.2% year-on-year revenue growth. EBIT margin stood at 29.6% with an improvement of ~820 bps YoY. We expect good momentum in this segment in coming years. Our Gear division, in Q4FY25, also experienced a considerable rebound with growth of 28.9% in revenue and EBIT margin at 24.5%. This resurgence has been driven by strong demand in both domestic and international markets. Domestically, demand has picked up meaningfully, particularly from the steel, power, and cement sectors. Overseas business remains healthy, with solid traction seen across international markets. The enquiry levels remain robust, and we are seeing healthy demand internationally. 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. In FY25, our international business revenue stood at Rs 517 crore, contributing approximately 23% of the consolidated revenue and reflected consistent progress in this direction. 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, creating long-term value for all our stakeholders.” Result PDF
Industrial Machinery company Elecon Engineering Company announced Q3FY25 results Revenue: Rs 529 crore compared to Rs 474 crore during Q3FY24, change 11.7% YoY. EBITDA: Rs 143 crore compared to Rs 120 crore during Q3FY24, change 18.4% YoY. EBITDA margin: 27.0% for Q3FY25. PAT: Rs 108 crore compared to Rs 90 crore during Q3FY24, change 19% YoY. PAT margin: 20.3% for Q3FY25. Shri Prayasvin B. Patel, Chairman & Managing Director of Elecon Engineering, said: “For Q3FY25, Elecon reported consolidated revenues of Rs 529 crore, reflecting a 12% YoY growth. The quarter's EBITDA stood at Rs 143 crores, with EBITDA margins at 27%. Profit after Tax (PAT) for Q3FY25 was Rs 108 crore, with PAT margins at 20%. Elecon remains market leader in domestic market for Industrial Gear solutions and Material Handling Equipment, offering cutting-edge manufacturing, top-tier products, and the capability to deliver customized solutions with minimal lead times. In Q3FY25, our Material Handling Equipment (MHE) division saw a remarkable 72% YoY revenue growth, with EBIT margins improving by ~1,300 basis points to 31.6%. We expect a good momentum in this segment in coming quarters. Our Gear division, in Q3FY25, experienced a marginal growth 2.1% in revenues but saw an overall decline of 3.6% over 9MFY25 period due to delay in order inflows. We see this primarily due to sluggishness in domestic market which has resulted in delay of capex investments. We are working diligently to expand our wallet share in-spite of sluggishnessin domestic steel and sugar industry. Internationally, we are progressing toward our target of generating 50% of our revenue from overseas markets by FY30. In 9MFY25, international business contributed approximately 27% of our total consolidated revenue. Our evolving relationships with OEMs and ongoing brand-building efforts are giving us confidence to achieve this goal. Our strategic alliances with global players, continued investment in R&D; and product development, along with a focus on the MHE division, will help us outperform industry trends and achieve our long-term goals. Our priority remains towards profitable growth and creating long-term value for our shareholders.” Result PDF