Elecon Engineering Company Limited reported a 14% year-over-year increase in revenue to ₹578 crores for Q2FY26. EBITDA rose by 12% to ₹126 crores. The company’s order intake stood strong at ₹688 crores, a 28% increase YoY. Elecon is on track to reach ₹2,650 crores revenue for FY26, supported by healthy demand in domestic and overseas markets.
Financial Performance
For Q2FY26, Elecon reported consolidated revenue of ₹578 crores, up 13.8% year-over-year. EBITDA for the quarter was ₹126 crores, with a margin of 21.7%. Profit after tax (PAT) reached ₹88 crores, a 15.2% margin. Order intake for the quarter reached ₹688 crores, a 28% YoY increase.
H1FY26 Highlights
Consolidated revenue for H1FY26 was ₹1,069 crores, reflecting a 19% increase year-over-year. This includes ₹25 crores of one-time income from an arbitration claim settlement within the Material Handling Equipment (MHE) division. EBITDA for H1FY26 reached ₹256 crores, a 25% increase year-over-year.
Segment Performance
The Material Handling Equipment (MHE) division experienced strong growth, with a 33.0% year-over-year revenue increase in Q2FY26. The Gears division demonstrated resilience, with an 8.9% YoY revenue growth. Elecon is targeting 50% of consolidated revenue from international markets by FY30.
Order Book
As of September 30, 2025, the company’s open order stood at ₹1,226 crores compared to ₹966 crores as of September 30, 2024. Order intake for the Gear division in Q2FY26 was ₹497 Crs. The MHE division reported order intake of ₹191 Crs for Q2FY26, compared to the ₹104 Crs in Q2FY25, showing an 84% year-over-year growth.
Values & Safety
The company maintains zero accidents in H1FY26 and has safety audits, mock drills and comprehensive training programs in place. Elecon values include Delightful Customer Experience, Resolute Trust, Ingenious Entrepreneurship, Value Creation, and Ethics at the Core. A focus on learning, wealth and research are part of their value creation ethics.
Environmental Initiatives
The company is committed to reducing emissions, using renewable energy and conserving resources. They plan to reduce absolute scope 1 and 2 GHG emissions by 54.6% by FY33 from a FY23 base year.
Source: BSE
