Elecon engineering company has made the audio recording of its Q3FY26 earnings conference call available to investors and stakeholders. The call was held on January 9, 2026, and the recording link has been shared with stock exchanges as part of regulatory compliance.

Regulatory Compliance and Disclosure

The company communicated with both BSE Limited and National Stock Exchange of India Limited regarding the availability of the earnings call recording. This disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investor Access and Transparency

The audio recording is accessible on the company's official website under the investor relations section. Specifically, the recording can be found at the dedicated page for audio-video recordings and transcripts of post-earnings quarterly calls. This initiative demonstrates the company's commitment to maintaining transparency with its investor community.

Company Background

Elecon Engineering Company Limited operates across multiple industrial sectors, serving industries including cranes, rubber, marine, plastic, power, steel, sugar, mining, and cement. The company has been "gearing industries and gearing economies" for 75 years, establishing itself as a significant player in the engineering sector.

The company secretary and compliance officer, Bharti Isarani, signed the regulatory communication, ensuring proper documentation and compliance with listing requirements. This systematic approach to investor communication reflects the company's adherence to corporate governance standards.

Elecon Engineering Company shares experienced severe selling pressure, plunging as much as 17% following the release of disappointing quarterly results and a key management resignation announcement. The stock traded at ₹422.50 around 2 pm, hitting an intraday low of ₹415.30, reflecting sustained investor concerns over the company's financial performance.

Financial Performance Overview

The company reported a significant decline in profitability for Q3 FY26, with standalone net profit falling 33% year-on-year. The sharp drop in earnings triggered widespread selling among investors.

*Calculated based on provided data

Divisional Performance Analysis

Despite overall challenges, the company's business divisions showed mixed performance during the quarter. The Material Handling Equipment (MHE) division demonstrated strong growth momentum, while the Gear division maintained steady performance.

Material Handling Equipment Division

Gear Division

Leadership Changes and Order Book

The board approved a significant leadership change with the resignation of Chief Financial Officer Narasimhan Raghunathan, effective from the close of business hours on January 31, 2026. The resignation was attributed to personal reasons, adding to investor uncertainty during an already challenging period.

According to Chairman & Managing Director Prayasvin B Patel, the company maintains a robust order book valued at ₹1,372 crore as of December 31, 2025, providing some visibility for future revenue generation.

Market Impact

The combination of declining profitability, compressed margins, and key management departure created a perfect storm for the stock, resulting in one of its steepest single-day declines. The 17% drop reflects investor concerns about the company's near-term prospects and operational challenges, despite maintaining revenue growth and a substantial order backlog.