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Earnings Call

Elecon Engineering Company Earnings Call: Key Takeaways

Elecon Q4FY26 revenue hit INR746cr with 21.2% EBITDA margin. MHE division showed strong 37% YoY growth, offset by a 21% decline in Gear Division revenue due to geopolitical-led deferments.

Highlights
Revenue growthFY26 adjusted revenue grew 5% YoY to INR2,341cr.
MarginsEBITDA margins stable at 21.3% for FY26; MHE sustainable at 20-22%.
Order bookTotal open order book at INR1,292cr as of March 31, 2026.
Demand visibilityStrong inquiry pipeline >INR1,000cr for MHE; Gear orders recovering in April.
Management confidenceHigh for long-term growth; cautious near-term due to macro uncertainty.

Growth

Adjusted FY26 revenue rose 5% to INR2,341cr; PAT at INR341cr. MHE revenue up 36.8% YoY in Q4.

Outlook

FY27 guidance held pending stability; INR400cr capex (FY26-28); new Mexico subsidiary to bypass US tariffs.

Risks

Geopolitical tensions causing order deferments, 50% US tariffs, and rising raw material/logistic costs in international markets.

Source

Earnings Call filed with NSE, NSE: ELECON. Summary written with AI assistance from the document.

Read the document ↗

Elecon Engineering Company Ltd: key numbers

Share price
₹480.75
Market cap
₹10,788 Cr
Revenue (annual)
₹2,366 Cr
Net profit (annual)
₹341.1 Cr
P/E (TTM)
45.7×Sector 52.6×
Promoter holding
59.27%+0.00% QoQ
FII holding
6.99%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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