Elecon Engineering Company Ltd, incorporated in 1960 and a leading manufacturer of power transmission equipment (gears, gearboxes) and material handling equipment, plus steel/non-ferrous foundry business, reported steady profits with revenue growth for Q2FY26.
Financial Highlights:
- Revenues increased 13.78% year-on-year to ₹578 crore from ₹508 crore, with Gear division up 9% and Material Handling up 33% YoY.
- Total expenses rose 17.52% to ₹483 crore from ₹411 crore.
- Consolidated net profit remained flat at ₹88 crore YoY (also ₹88 crore).
- Earnings per share steady at ₹3.91 YoY.
Revenue growth offset by higher expenses, maintaining EBITDA at ₹126 crore (up 11.9%) with margins slightly down to 21.7%.
Outlook:
Elecon Engineering Company Ltd maintains strong order book visibility, focuses on execution in power/steel/cement sectors, and targets sustained growth through export expansion and capacity utilization.
Explore the company’s past earnings and latest concall transcripts, click here to visit the AlphaStreet India News Channel.
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