Elecon Engineering reported increased revenue for Q3 FY26 and 9M FY26, driven by both its Gear and MHE divisions. Consolidated revenue for Q3 FY26 reached ₹552 crores, a 4.3% increase YoY. However, the company also announced the resignation of CFO Narasimhan Raghunathan, effective January 31, 2026, due to personal reasons.
Financial Performance
Elecon Engineering Company Limited announced its unaudited financial results for Q3 and the nine months (9M) ended December 31, 2025, showcasing overall growth. Here are the key highlights:
- Q3 FY26 Revenue: ₹552 crores (up 4.3% year-over-year)
- 9M FY26 Revenue: Increased significantly, driven by strong performance in both the Gear and Material Handling Equipment (MHE) divisions.
Segment Highlights
Both the Gear and Material Handling Equipment (MHE) divisions contributed to the company’s revenue growth:
- Gear Division: Reported ₹429 crores in revenue for Q3 FY26, a 1.3% increase YoY.
- MHE Division: Showed strong growth with ₹123 crores in revenue for Q3 FY26, up 16.3% YoY.
Management Changes
The company announced the resignation of Mr. Narasimhan Raghunathan as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective at the close of business hours on January 31, 2026, citing personal reasons. The company acknowledged Mr. Raghunathan’s valuable contributions to the company.
Operational Updates
Order inflows and the existing order book remain healthy, providing a positive outlook for future performance. The company is focused on expanding its overseas business and is making strategic investments in manufacturing capabilities.
Source: BSE
