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