Elgi Equipments Limited has reported its financial results for the financial year ended March 31, 2026, alongside the notice for its 66th Annual General Meeting (AGM). The company recorded a 23% year-on-year increase in consolidated net profit to ₹4,302 million, driven by a 13% rise in revenue from operations to ₹39,507 million. The AGM is scheduled to be held on Friday, August 14, 2026, at 10:00 AM (IST) through video conferencing and other audio-visual means.
Consolidated Financial Performance for FY26
The company delivered strong financial results for FY26. Consolidated revenue from operations grew 13% year-on-year to ₹39,507 million from ₹35,104 million in FY25. Net profit rose 23% to ₹4,302 million from ₹3,502 million in the previous year. The following table presents the key consolidated financial highlights:
| Particulars: |
FY26 |
FY25 |
YoY% |
| Revenue from Operations (₹ million): |
39,507 |
35,104 |
13% |
| EBITDA (₹ million): |
5,791 |
5,275 |
10% |
| Profit Before Tax (₹ million): |
5,774 |
4,816 |
20% |
| Net Profit (₹ million): |
4,302 |
3,502 |
23% |
| Net Profit %: |
11% |
10% |
— |
| Basic EPS (₹): |
13.65 |
11.09 |
— |
| Dividend per Share (₹): |
2.70 |
2.20 |
— |
From a segment perspective, Air Compressors recorded annual growth of 13% and Automotive Equipment registered growth of 12%. The company also recognised an exceptional item of ₹150 million during the year ended March 31, 2026, on account of the implementation of Labour Codes notified by the Government of India on November 21, 2025.
On a standalone basis, revenue from operations was ₹23,429 million in FY26, up 13% from ₹20,809 million in FY25. Standalone net profit was ₹3,453 million (15%) in FY26 compared to ₹3,501 million (16.8%) in FY25.
Consolidated Balance Sheet Highlights
The following table presents key balance sheet metrics as at March 31, 2026 and March 31, 2025:
| Particulars (₹ million): |
FY26 |
FY25 |
| Total Assets: |
35,455 |
30,415 |
| Total Equity: |
22,319 |
18,656 |
| Cash and Cash Equivalents (incl. Current Investments): |
10,258 |
9,096 |
| Borrowings: |
4,048 |
4,908 |
| Trade Receivables: |
7,239 |
6,084 |
| Inventories: |
7,107 |
6,085 |
| Capital Expenditure: |
1,544 |
948 |
| Cash Flow from Operations: |
4,535 |
3,909 |
Key financial ratios for FY26 include an interest coverage ratio of 30.70 times (FY25: 19.30 times), a debt equity ratio of 0.20 (FY25: 0.30), and a Return on Capital Employed of 38.40% (FY25: 35.60%).
AGM Agenda: Key Resolutions
The 66th AGM will transact the following ordinary and special business:
- Adoption of standalone and consolidated audited financial statements for FY26.
- Declaration of final dividend at 270%, equivalent to ₹2.70 per equity share of face value ₹1/- each for FY26. Subject to shareholder approval, an amount of ₹856 million will be paid as dividend after deducting applicable taxes.
- Re-appointment by rotation of Mr. Anvar Jay Varadaraj (DIN: 07273942) as Director.
- Ratification of Cost Auditor remuneration: M/s. STR & Associates, Cost Accountants, appointed for FY2026-27 at a remuneration of ₹5,00,000 per annum, exclusive of applicable taxes and out-of-pocket expenses.
- Re-appointment of Mr. Anvar Jay Varadaraj as Executive Director for a further period of five years from August 2, 2026 to August 1, 2031, with total remuneration not exceeding ₹4,80,00,000 per annum (cost to company basis), of which 20% is variable.
- Appointment of Ms. Padmaja Alaganandan (DIN: 02867269) as an Independent Director for five consecutive years from May 27, 2026 to May 26, 2031, via special resolution.
- Appointment of Mr. Varun Jay Varadaraj (DIN: 07972025) as a Non-Executive Non-Independent Director, liable to retire by rotation, via ordinary resolution.
Strategic Outlook and ESG Highlights
The company's five-year Strategic Business Plan, with FY26 revenue of ₹39,507 million as the base, targets revenue of ₹66,150 million by FY31, subject to global economic conditions, with an EBITDA margin of 18% and a Return on Capital Employed of 35%.
On the ESG front, the share of renewable energy in total energy consumption rose to 57% in FY26 from 39% in FY25. Fresh water consumption was reduced by 21% year-on-year. The company reported that 13 of 15 ESG goals are on track or significantly better than plan. Capital expenditure on energy conservation equipment amounted to ₹7.4 million during the financial year. Total R&D expenditure stood at ₹373 million for FY26, representing 1.59% of turnover, compared to ₹396 million (1.90% of turnover) in FY25.