Eimco Elecon Q2FY27 Results: Revenue up 71%, CFO resigns
- Revenue rose 71% YoY to ₹568 million in Q2FY27
- EBITDA doubled to ₹108 million with margin expanding to 18.91%
- Order book surged to ₹133 crore from ₹44 crore YoY
- CFO Vishal C. Begwani resigns effective October 30, 2026
*this image is generated using AI for illustrative purposes only.
Eimco Elecon (India) reported a 71% year-on-year increase in second-quarter revenue, reaching ₹568 million compared to ₹332 million in the corresponding period last year. The surge in top line was accompanied by improved profitability metrics across the board.
Financial performance
The company’s operating efficiency also saw significant gains during the quarter. EBITDA clocked in at ₹108 million, more than doubling from ₹52 million in the same quarter of the previous fiscal year. This growth translated into an EBITDA margin expansion to 18.91%, up from 15.71% YoY.
Net profit for the quarter stood at ₹78 million, reflecting a substantial increase from ₹53.5 million recorded in the prior year period.
| Metric | Q2 Current Year | Q2 Previous Year | Change |
|---|---|---|---|
| Revenue | ₹568 million | ₹332 million | +71.1% |
| EBITDA | ₹108 million | ₹52 million | +107.7% |
| EBITDA Margin | 18.91% | 15.71% | +320 bps |
| Net Profit | ₹78 million | ₹53.5 million | +45.8% |
Management outlook
An Executive Director at the company expressed optimism regarding future demand, citing ongoing infrastructure projects and growing mining activities as key drivers. These sectoral trends are expected to support continued order inflows and revenue stability. The company reported an open order book of ₹133 crore as on September 30, 2026, a significant jump from ₹44 crore in the previous year.
Leadership change
The Board noted the resignation of Vishal C. Begwani as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). Begwani will cease to hold these positions with effect from the close of business hours on October 30, 2026, to pursue another professional opportunity outside the organization. The company stated there are no material reasons for the resignation other than those mentioned in his letter.
What the numbers show
The data reveals a strong correlation between volume-driven revenue growth and margin expansion. While revenue rose 71%, EBITDA more than doubled (up 108%), indicating that the incremental sales were generated with higher operating leverage or better cost control. The net profit growth of 46% lagged behind the EBITDA jump, suggesting that non-operating expenses or tax provisions may have absorbed some of the operational gains, though specific breakdowns were not provided in the release. Additionally, the sharp rise in the order book to ₹133 crore signals robust forward-looking demand, contrasting with the leadership transition in the finance function.
Historical Stock Returns for Eimco Elecon
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.83% | -0.11% | -3.70% | +26.94% | +15.50% | +458.87% |
How will the CFO transition impact Eimco Elecon's financial reporting consistency and investor confidence during its current growth phase?
What specific infrastructure or mining project timelines are driving the 200% increase in the order book, and are they concentrated in any particular region?
Can the company sustain the recent EBITDA margin expansion of 320 basis points if raw material costs rise in subsequent quarters?
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