Elecon Engineering reported its financial results for the quarter and year ended March 31, 2026. The company announced a final dividend of Rs 1.50 per share (150%) for FY26. Key developments include the appointment of Mr. Chintan Shah as CFO, the re-appointment of Mr. Prayasvin Patel as Chairman & Managing Director, and significant changes to the leadership team to drive future growth and operational excellence.
Financial Performance Overview
For the quarter ended March 31, 2026 (Q4), the company reported standalone revenue of Rs 65,562 lakhs. For the full Financial Year 2025-26, standalone revenue reached Rs 2,01,604 lakhs, compared to Rs 1,87,112 lakhs in the previous year. Standalone net profit after tax for FY26 stood at Rs 47,670 lakhs, demonstrating strong operational performance despite global macroeconomic challenges.
Strategic Leadership Appointments
The Board of Directors approved several key leadership changes to strengthen its management structure. Mr. Chintan Shah has been appointed as the Chief Financial Officer, effective April 15, 2026, bringing nearly 19 years of experience in finance and strategic initiatives. Furthermore, Mr. Prayasvin Patel was re-appointed as Chairman & Managing Director for a three-year term beginning July 1, 2026. Additionally, Mr. Aayush Shah was appointed as Executive Director for a three-year term effective October 1, 2026, and Dr. Savan Godiawala has joined as an Additional Director (Non-Executive & Independent) for a five-year term.
Dividend and Auditor Re-appointments
Reflecting the company’s commitment to shareholder value, the Board has recommended a final dividend of Rs 1.50 per equity share (150%) of face value Re 1.00 each for the financial year 2025-26. In terms of governance and audit compliance, the Board has re-appointed M/s. CNK & Associates LLP as Statutory Auditor for a second term of five consecutive years, and has also re-appointed internal, cost, and tax auditors for the 2026-27 financial year, ensuring robust financial oversight.
Operational Highlights
The company maintains its market leadership in both Industrial Gear Solutions and Material Handling Equipment (MHE). The MHE division, in particular, delivered strong growth in Q4, while the Gear division continues to hold a healthy open order book. Despite delays in order inflows affecting short-term revenue in the Gear segment, the company remains focused on domestic demand across power, steel, and cement sectors and is actively expanding its presence in overseas markets.
Source: BSE
