Elecon Engineering Company Limited announced the resignation of CFO, Narasimhan Raghunathan, effective January 31, 2026, due to personal reasons. The company also released its unaudited financial results for Q3 and 9M FY26, reporting consolidated revenue of ₹552 crores for the quarter and ₹1,620.44 crores for the nine-month period.
CFO Resignation
Narasimhan Raghunathan, Chief Financial Officer and Key Managerial Personnel of Elecon Engineering Company Limited, has resigned from his position due to personal commitments. His resignation will be effective from the close of business hours on January 31, 2026.
Financial Performance: Q3 FY26
Consolidated revenue stood at ₹552 crores, reflecting a 4.3% growth compared to Q3 FY25.
EBITDA for the quarter was ₹109 crores, with an EBITDA margin of 19.8%.
Profit after Tax (PAT) reached ₹72 crores, resulting in a PAT margin of 13.0%.
Financial Performance: 9M FY26
Consolidated revenue amounted to ₹1,620.44 crores.
EBITDA reached ₹340 crores.
PAT stood at ₹228 crores.
Segment Performance
Gear Division: Revenue for Q3 FY26 was ₹429 Crs.
MHE Division: Revenue for Q3 FY26 was ₹123 Crs, a growth of 16.3% year-over-year.
Order Book
Order-in-take for Q3 was ₹701 crores, with the order book as of December 31, 2025, at ₹1,372 crores.
Outlook
The company anticipates continued demand from sectors including domestic power, steel, cement, and MHE industries. They project improvement despite potential softness and are focused on growing their international market presence and MHE division.
Source: BSE
