Elgi Equipments FY26 profit rises 23%, dividend ₹2.70
Elgi Equipments reported a 23% increase in consolidated net profit to ₹430 crore for FY26, with revenue growing 13% to ₹3,951 crore. The Board recommended a final dividend of ₹2.70 per share and appointed new directors and auditors.

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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:
| Metric | FY26 Current | FY25 Previous | Change (YoY) |
|---|---|---|---|
| Net Profit | ₹430 Crore | ₹350 Crore | Higher |
| Revenue | ₹3,951 Crore | ₹3,510 Crore | Higher |
| EBITDA | ₹586 Crore | ₹476 Crore | Higher |
| EBITDA Margin | 14.82% | 13.56% | Expanded |
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.
Historical Stock Returns for Elgi Equipments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.01% | +6.79% | +8.62% | +18.83% | +12.45% | +193.84% |
What are the primary drivers expected to sustain revenue growth in the Air Compressors and Automotive Equipment segments in FY27?
How will the company utilize its increased assets to further enhance operational efficiency and profitability?
What strategic initiatives are planned to maintain or improve the EBITDA margin amidst potential market fluctuations?


































