Elecon Engineering Company Limited – Q2 & H1 FY26 Results Summary
Announcement Date: 10 October 2025
Key Financial Metrics (Consolidated):
- Q2 FY26 revenue: INR 57,813 lakhs, up 13.8% YoY (Q2 FY25: INR 50,814 lakhs)
- H1 FY26 revenue: INR 1,06,870 lakhs, up 18.7% YoY (H1 FY25: INR 90,050 lakhs)
- Q2 FY26 EBITDA: INR 126 crores; EBITDA margin approx. 21.7% (Q2 FY25: 22.1%)
- Q2 FY26 net profit: INR 8,772 lakhs, flat YoY (Q2 FY25: INR 8,772 lakhs)
- H1 FY26 net profit: INR 26,316 lakhs, up 63.5% YoY (H1 FY25: INR 16,108 lakhs), boosted by exceptional gains
- EPS Q2 FY26: INR 3.91; H1 FY26: INR 11.73
- Q2 FY26 PAT margin: 14.7%; H1 FY26 PAT margin: 23.6% (includes exceptional items)
Balance Sheet / Cash Flow Highlights:
- Standalone capex for H1 FY26 approx. INR 97.5 crores, supporting manufacturing upgrades
- Reclassification of Eimco Elecon (India) Ltd. investment from associate to financial asset resulted in a one-time net gain of INR 149.42 crores (Q1 FY26)
Segment Performance:
- Transmission Equipment (Gear Division): Q2 revenue up 8.9% YoY; EBIT margin at 19.2%
- Material Handling Equipment (MHE) Division: Q2 revenue up 33.0% YoY; EBIT margin improved to 25.7%
- Domestic revenue grew 18.3% YoY, constituting 79% of total revenue; overseas revenue flat YoY at 21% of total
Management Commentary & Key Developments:
- Interim dividend declared at Re 0.50 per share (50% of face value), record date 16 Oct 2025
- Exceptional gain in Q1 FY26 from reclassification of associate investment; arbitration settlement income recognized in Q1 FY26
- Strong order intake of INR 688 crores in Q2 FY26, up 28% YoY, supporting full-year guidance
- Strategic focus on increasing international revenue to 50% by FY30, expanding aftermarket services, and investing in R&D and manufacturing capabilities
- No auditor qualifications; clean review reports on standalone and consolidated results
Outlook:
- Management expects steady momentum in MHE division and continued growth supported by a robust order book
- Ongoing investments and strategic alliances aimed at strengthening global OEM relationships and brand presence
This summary reflects Elecon Engineering’s reported financials and management commentary for Q2 and H1 FY26, highlighting key performance metrics, segment trends, and strategic initiatives.