Elin Electronics , a leading electronics manufacturing services (EMS) company, has announced a downward revision of its margin forecast and anticipates a potential impact on its annual revenue due to ongoing tariff issues. The company, which serves major brands in lighting, fans, and home appliances, is navigating through challenging market conditions.

Revised Margin Forecast

Elin Electronics has adjusted its margin forecast for the current fiscal year. The company now expects its margins to be in the range of 5.5% to 6%, down from the previous guidance of 6% to 6.5%. This revision reflects the company's response to the current market dynamics and tariff-related challenges.

Revenue Impact

The company has indicated that it expects up to a 3% impact on its annual revenue due to the ongoing tariff issues. While the exact nature of these tariff challenges has not been specified, they appear to be significant enough to affect the company's top-line performance.

Recent Financial Performance

Despite the challenges, Elin Electronics has shown resilience in its recent financial results. For the quarter ended September 30, 2025, the company reported:

The company has demonstrated strong year-over-year growth across key financial metrics, with revenue increasing by 23.59%, EBITDA by 80.53%, and profit after tax more than doubling with a 115.42% increase.

Business Segments Performance

Elin Electronics operates across various product verticals:

1. LED Lighting, Fans & Switches: Revenue for this segment stood at ₹724 crore in Q2 FY2026.
2. Home Appliances: This segment showed significant growth, with revenue reaching ₹1,406 crore.
3. Fractional Horsepower Motors: Revenue for this segment was ₹735 crore.
4. Other EMS Products: This category contributed ₹101 crore to the quarter's revenue.

Looking Ahead

While Elin Electronics faces challenges from tariff issues, its diverse product portfolio and strong market presence in the EMS sector may help in navigating these headwinds. The company's ability to maintain growth in revenue and profitability, despite revising its margin forecast, suggests a degree of operational resilience.

Investors and market watchers will likely keep a close eye on how Elin Electronics manages these tariff-related challenges and whether the company can mitigate the projected impact on its annual revenue through strategic initiatives or market expansion efforts.

Elin Electronics has announced its financial results for the quarter ended September 30, showcasing significant growth across key financial metrics.

Financial Performance

Revenue Growth

The company reported consolidated revenue from operations of Rs 2,969.28 million for Q2, marking an increase of 11.2% compared to Rs 2,670.40 million in the same quarter last year.

Profit Increase

Elin Electronics witnessed a notable improvement in its bottom line:

• Net profit increased by 29% to Rs 102.99 million, up from Rs 79.69 million in the corresponding quarter of the previous year.
• For the half-year period, net profit rose to Rs 196.91 million from Rs 107.00 million in the corresponding period of the previous year, representing an 84% growth.

Operational Highlights

• The company has fully utilized its IPO proceeds of Rs 1,651.52 million as of September 30.
• The Board approved an Employee Stock Option Plan, granting 250,000 shares to employees.

Financial Position

The results include consolidated figures of Elin Electronics Limited and its wholly owned subsidiary Elin Appliances Private Limited.

Elin Electronics' Q2 performance reflects its position in the electronics manufacturing services sector. The company's increase in revenue and profitability demonstrates its business strategies.