Elecon Engineering Targets 24% Gear Margin, INR 400 Cr Capex on Track Amid Cautious Outlook
Elecon Engineering anticipates a 24% EBITDA margin for its Gear Division and 22-24% for the MHE Division, while its INR 400 crore capex programme remains on schedule with the Gear Division earmarked for greater future investment. The company has adopted a cautious annual forecast citing economic uncertainty, poor short-term outlook, rising input costs in Q1 and Q2, and global tensions, though it will reassess if the situation improves. Long-term targets include INR 5,000 crores in revenue by FY30 and double-digit growth in FY27.
Elecon Engineering CMD Expresses Confidence in Strong Order Book and Overseas Recovery
Elecon Engineering Company's CMD has expressed optimism about the company's prospects, citing a strong order book for the next year and expectations of early overseas market recovery despite ongoing geopolitical risks.
Elecon Engineering Q3 Results: Net Profit Falls 35% YoY to ₹72 Crores Despite Revenue Growth
Elecon Engineering Company delivered mixed Q3 results with net profit declining 35% year-on-year to ₹72.00 crores despite revenue growth of 4% to ₹550.00 crores. The company faced significant margin compression with EBITDA margin falling to 19.79% from 26.96%, while EBITDA dropped 21% to ₹110.00 crores. Additionally, CFO Narasimhan Raghunathan has resigned from his position, marking a key leadership change in the finance function.
Elecon Engineering Reports Record Revenue and Profit in Q4 and FY25
Elecon Engineering Company Limited announced impressive financial results for Q4 and FY25. Q4 consolidated revenue grew 41.3% YoY to ₹798.00 crores, with EBITDA at ₹195.00 crores and PAT at ₹146.00 crores. FY25 saw 14.9% YoY revenue growth to ₹2,227.00 crores, EBITDA of ₹543.00 crores, and PAT of ₹415.00 crores. The Gear Division revenue increased by 28.9% YoY, while the Material Handling Equipment Division surged 98.2% YoY. The company is expanding internationally, aiming for 50% of revenue from global markets by FY30. A final dividend of ₹1.50 per share was proposed.
05Mar 25
Elecon Engineering Sees Major Block Trade Worth ₹20.94 Crore on NSE
Elecon Engineering Co. Ltd. experienced a significant block trade on the NSE, involving 505,868 shares at ₹414.00 per share, totaling ₹20.94 Crore. This large-scale transaction could indicate shifts in institutional investor activity or major shareholding patterns, potentially impacting the stock's short-term trading dynamics.