Elecon Engineering reported strong Q2 & H1 FY26 results with revenue growth of 13.8%. The company declared an interim dividend of ₹0.50 per share. EBITDA stood at ₹126 crores, with margins at 21.7%. The order book is healthy, and the company is confident in meeting full-year guidance.
Financial Performance
Elecon Engineering Company Limited announced its unaudited financial results for Q2 & H1 FY26, showcasing strong growth across key metrics:
- Consolidated Revenue: ₹578 crores, up 13.8% year-over-year.
- EBITDA: ₹126 crores, with EBITDA margin at 21.7%.
- Profit After Tax (PAT): ₹88 crores, achieving PAT margins of 15.2%.
The company’s order book remains robust, indicating a positive outlook for future performance.
Segmental Performance
Here’s a breakdown of the company’s performance by segment:
- Gear Division: Demonstrated resilience with 8.9% YoY revenue growth and EBIT margin of 19.2%.
- Material Handling Equipment (MHE) Division: Sustained growth, achieving 33.0% YoY revenue growth and improved margins.
Interim Dividend
The Board of Directors has declared an interim dividend of ₹0.50 per share with a face value of ₹1 each.
Strategic Outlook
Elecon is focused on expanding its international presence and aims to generate 50% of its consolidated revenue from international markets by FY30. The company is also focusing on R&D, innovation, and scaling its MHE division.
Operational Highlights
A geographical revenue split shows:
- Domestic: ₹646 Cr in Q2FY26 and ₹824 Cr in H1FY26.
- Overseas: ₹122 Cr in Q2FY26 and ₹245 Cr in H1FY26.
The company’s segment-wise split is as follows:
- Gear: ₹441 Cr in Q2FY26 and ₹799 Cr in H1FY26.
- MHE: ₹137 Cr in Q2FY26 and ₹270 Cr in H1FY26.
Source: BSE