Elgi Equipments reported a 12% increase in revenue to ₹11,126 Mn for Q4 FY26, driven by volume growth across key geographies. The company disclosed its financial results for the quarter and financial year ended March 31, 2026, alongside the presentation for its analyst and investor conference call held on May 29, 2026. Profit before tax (PBT) rose 17% to ₹1,635 Mn, while profit after tax (PAT) stood at ₹1,279 Mn.

Financial Performance

The growth in revenue was supported by a 12% increase in sales volume, though EBITDA margins were impacted by higher employee costs and other expenses. EBITDA for the quarter increased to ₹1,739 Mn from ₹1,491 Mn in the previous year. The company noted that EBITDA should have been ₹2,167 Mn based on the contribution of increased sales, but an increase in employee cost of ₹294 Mn and other expenses of ₹134 Mn reduced the final figure.

Operational Highlights

Geographically, sales increased in India, North America, Europe, the Middle East, and Brazil, while Australia remained flat and South East Asia saw a decline. The sales mix remained consistent, with compressors accounting for 91% of revenue and automotive components making up 9%. In the compressor segment, India contributed 51% of sales, while the Rest of the World (ROW) contributed 49%.

Balance Sheet Strength

The company ended the fiscal year with a strong net cash position. Net cash increased to ₹6,207 Mn in March 2026 from ₹4,188 Mn in March 2025. This was driven by cash reserves of ₹10,256 Mn against total debt of ₹4,049 Mn.

Regulatory Filing

The disclosure was submitted to the National Stock Exchange of India Limited (NSE) and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation was authenticated by Rohit Gupta, Company Secretary and Compliance Officer of Elgi Equipments Limited.

Elgi Equipments reported a 23% increase in consolidated net profit to ₹430 crore for the financial year ended March 31, 2026, compared to ₹350 crore in the previous year. Revenue from operations rose 13% to ₹3,951 crore from ₹3,510 crore year-on-year, driven by growth in the Air Compressors and Automotive Equipment segments. For the quarter ended March 31, 2026, net profit stood at ₹128 crore, while revenue was ₹1,113 crore. The Board of Directors recommended a final dividend of ₹2.70 per equity share (270%) of face value Re. 1 each for the financial year ended March 31, 2026, subject to shareholder approval. The record date for determining entitlement has been fixed as Friday, July 17, 2026.

Key Financial Performance

The company's operational metrics improved during the year, with EBITDA expanding to ₹586 crore from ₹476 crore in the previous year. The EBITDA margin widened to 14.82% from 13.56%, reflecting better cost management. The following table summarises Elgi Equipments' FY26 financial performance on a year-on-year basis:

Segment Performance

The Air Compressors segment reported revenue of ₹3,613 crore, while the Automotive Equipment segment contributed ₹339 crore for the year ended March 31, 2026. The company's total assets stood at ₹3,546 crore as of March 31, 2026, compared to ₹3,042 crore in the previous year.

Board and Auditor Appointments

The Board approved the appointment of M/s. STR & Associates, Cost Accountants, as the Cost Auditors for the financial year 2026-27. The Board also approved the re-appointment of Mr. Anvar Jay Varadaraj as Executive Director for a period of 5 years effective from August 2, 2026, subject to shareholder approval. Additionally, Ms. Padmaja Alaganandan was appointed as an Additional Director designated as a Non-Executive Independent Director, and Mr. Varun Jay Varadaraj was appointed as an Additional Director designated as a Non-Executive Non-Independent Director.

The statutory auditors, M/s. Price Waterhouse Chartered Accountants LLP, issued an unmodified opinion on the audited standalone and consolidated financial results for the financial year ended March 31, 2026. The Board intends to recommend the appointment of M/s B S R & Co. LLP as Statutory Auditors for a term of five years commencing from the conclusion of the 67th AGM in 2027.