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Earnings Call

Elecon Engineering Company Earnings Call: Key Takeaways

Elecon delivered Q1 FY27 consolidated revenue of ₹521 Cr (+11.9% YoY) with EBITDA margins at 21.0%. The company is leveraging strong demand in Gear divisions and global expansion to drive growth.

Highlights
Revenue growth11.9% YoY consolidated growth.
MarginsEBITDA margin at 21%; Gear EBIT 17.9%, MHE EBIT 25.6%.
Order book₹1,518 Cr total; Gear ₹1,043 Cr, MHE ₹475 Cr.
Demand visibilityStrong, backed by ₹1,518 crore open order book.
Management confidenceHigh, citing resilient performance and disciplined execution.

Growth

Revenue grew 11.9% YoY to ₹521 Cr; Gear division revenue rose 16.3% to ₹416 Cr.

Outlook

Open order book stands at ₹1,518 Cr (+37% YoY), providing strong revenue visibility for upcoming quarters.

Risks

MHE division saw 2.9% revenue degrowth due to project execution timing and increased input costs.

Last quarter's promises, checked

Delivered

  • Guided Gear Division return to growth → delivered +16.3% YoY revenue (= BEAT)
  • Guided MHE margins 20-22% → delivered 25.6% EBIT margin (= BEAT)
  • Guided no degrowth for FY27 → delivered +11.9% revenue growth in Q1 (= BEAT)

Partly delivered

  • Guided MHE growth to continue at same pace → delivered -2.9% revenue degrowth (= MISS)

Missed

  • Guided EBITDA margins 22-24% → delivered 21.0% (= MISS)
Source

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

Read the document ↗

Elecon Engineering Company Ltd: key numbers

Share price
₹458.25
Market cap
₹10,283 Cr
Revenue (annual)
₹2,366 Cr
Net profit (annual)
₹341.1 Cr
P/E (TTM)
43.6×Sector 53.6×
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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