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Latest news about Elecon Engineering Company

Elecon Engineering Reports 4% Revenue Growth to ₹522 Crore Despite Order Execution Challenges Jan 12, 2026

Elecon Engineering Company reported quarterly revenues of ₹522 crore with 4% year-on-year growth, though performance was impacted by order delays and execution deferrals from customer-driven factors. The company faced margin pressures from higher employee costs and unfavourable product mix, leading management to revise FY26 revenue guidance downward by 5% to ₹2,650 crore. Despite near-term challenges, Elecon maintains leadership in Industrial Gear Solutions and Material Handling Equipment segments, with strong domestic demand expected from steel, power, and cement sectors, while overseas operations show recovery signs.

Elecon Engineering Makes Q3FY26 Earnings Call Recording Available to Investors Jan 09, 2026

Elecon Engineering Shares Drop 17% Following 33% Decline in Q3 Net Profit and CFO Resignation Jan 09, 2026

Elecon Engineering Shares Plummet 16% to 9-Month Low After 33% Drop in Q3 Net Profit Jan 09, 2026

Elecon Engineering Shares Fall 16% After Q3FY26 Net Profit Drops 33% YoY Jan 09, 2026

More news about Elecon Engineering Company

09Jan 26

Elecon Engineering Shares Plunge Over 13% After Weak Q3 Results and Margin Contraction

Elecon Engineering Company shares dropped over 13% to a nine-month low following weak Q3 results showing 33% decline in net profit despite 4.3% revenue growth. The company faced significant margin contraction of 720 basis points due to higher costs and unfavorable product mix. Management lowered fiscal 2026 guidance expecting revenue decline up to 5%, while CFO Narasimhan Raghunathan resigned from his position.

09Jan 26

Elecon Engineering Shares Fall 13% as Q3 Net Profit Drops 33% to ₹72 Crore

Elecon Engineering Company shares fell 13.3% to ₹435 after reporting weak Q3 FY26 results with net profit declining 33% to ₹72 crore. Revenue grew marginally by 4.3% to ₹552 crore, while EBITDA margins contracted 717 basis points to 19.8% due to operational challenges. Nine-month performance showed better resilience with 13% revenue growth and 25% profit increase, supported by healthy order books and steady demand from key industrial sectors.

09Jan 26

Elecon Engineering Shares Drop 13% as Q3 Results Show Margin Pressure Despite Revenue Growth

Elecon Engineering shares dropped 13% following Q3 results that showed a 33% decline in net profit to ₹72.00 crore despite 4.3% revenue growth to ₹551.70 crore. EBITDA margin contracted significantly to 19.8% from 26.9% year-on-year due to operational challenges, increased costs, and unfavorable product mix. While the gear division showed flat growth, the MHE division delivered 16.3% revenue growth, though both divisions faced margin pressure. The company maintains a strong order book of ₹1,372.00 crore with quarterly order intake of ₹701.00 crore, providing management confidence for future performance recovery.

09Jan 26

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.

08Jan 26

ELECON Engineering CFO Narasimhan Raghunathan Steps Down from Position

ELECON Engineering Company has confirmed that Chief Financial Officer Narasimhan Raghunathan has stepped down from his position. The departure represents a significant change in the company's senior leadership team. ELECON Engineering operates in the capital goods sector, specializing in non-electrical equipment manufacturing, and is classified as a mid-cap company in the Indian market.

08Jan 26

Elecon Engineering Q3FY26 Results: Revenue ₹552Cr, EBITDA Margin Drops to 19.8%

Elecon Engineering's Q3FY26 results showed mixed performance with revenue growth of 4.3% to ₹552 crores but significant margin compression as EBITDA fell 23.4% to ₹109 crores and EBITDA margin dropped to 19.8% from 27.0%. The Gear division remained flat while MHE division grew 16.3%, and the company maintains a robust order book of ₹1,372 crores providing future revenue visibility.

08Jan 26

Elecon Engineering Wins GST Appeal Case, Awaits ₹14.02 Lakh Penalty Refund

Elecon Engineering Company Limited has won its GST appeal case with the Deputy Commissioner of State Tax (Appeal), Vadodara, regarding a transport vehicle detention matter. The company had paid a penalty of ₹14,01,764 to secure vehicle release and now awaits refund following the favorable January 7, 2026 ruling. The case involved transporter's failure to produce required documents under CGST Act Section 129, with no adverse financial impact expected from the positive outcome.

06Jan 26

Elecon Engineering Company Limited Announces Q3FY26 Earnings Conference Call for January 9, 2026

Elecon Engineering Company Limited has announced an earnings conference call for January 9, 2026, at 4:00 PM IST to discuss Q3FY26 financial results. Organized by Elara Securities, the call will cover performance for the quarter and nine months ended December 31, 2025, featuring senior management including division heads and CFO. The company has provided comprehensive access details for global participants and made proper regulatory disclosures to both BSE and NSE.

17Oct 25

Elecon Engineering Reports 14% Revenue Growth in Q2 FY26, Maintains Annual Guidance Despite International Delays

Elecon Engineering Company Limited reported a 14% year-on-year increase in consolidated revenue for Q2 FY26, reaching INR578.00 crores. EBITDA grew by 12% to INR126.00 crores, with a slight margin decline to 21.7%. The Gear Division contributed 76% of total revenue, while the Material Handling Equipment Division saw 33% YoY growth. Total order intake increased by 28% YoY to INR688.00 crores. Despite challenges in international markets due to geopolitical volatility, the company maintained its annual guidance of INR2,650.00 crores in consolidated revenue and 24% EBITDA margin for FY26. Elecon declared an interim dividend of INR0.50 per equity share and outlined a capex budget of INR400.00 crores for FY26-28.

10Oct 25

Elecon Engineering Declares Interim Dividend, Reports Strong Q2 FY26 Performance

Elecon Engineering announced Q2 FY26 results with revenue up 13.8% YoY to Rs 578.00 crores. EBITDA increased 11.9% to Rs 126.00 crores, while PAT remained flat at Rs 88.00 crores. The company declared an interim dividend of Rs 0.50 per share. The Gear division saw 8.9% revenue growth, while the MHE division reported 33% growth. Order intake grew 28% YoY to Rs 688.00 crores, with an open order book of Rs 1,226.00 crores. The company aims to generate 50% of consolidated revenue from international markets by FY30.

10Oct 25

Elecon Engineering Reports 14% Revenue Growth in Q2

Elecon Engineering Company announced its Q2 financial results, showing a 14% year-over-year increase in consolidated revenue to ₹580.00 crores. EBITDA grew by 11.9% to ₹126.00 crores, while net profit remained stable at ₹88.00 crores. The Gear Division's revenue increased by 9% to ₹441.00 crores, and the Material Handling Equipment Division saw a 33% growth to ₹137.00 crores. Order intake rose by 28% to ₹688.00 crores. The company declared an interim dividend of ₹0.50 per equity share. Management expressed confidence in meeting full-year guidance and aims to generate 50% of consolidated revenue from international markets by FY30.

05Sept 25

Elecon Engineering Reports 12% Revenue Growth in Q3FY25, Driven by Strong MHE Performance

Elecon Engineering Company Limited announced Q3FY25 results with consolidated revenue reaching ₹529.00 crores, up 12% year-on-year. EBITDA stood at ₹143.00 crores with a 27% margin, while PAT climbed to ₹108.00 crores with a 20% margin. The Material Handling Equipment division saw 72% revenue growth and 1,300 bps improvement in EBIT margins. The Gear division had marginal 2.1% growth in Q3 but faced a 3.6% decline in 9MFY25. International business contributed 27% to total consolidated revenue in 9MFY25. The company declared an interim dividend of ₹0.50 per equity share and approved amendments to its Insider Trading Policy.

22Aug 25

Elecon Engineering Faces Setback in CENVAT Credit Dispute, Moves to High Court

Elecon Engineering Company Limited is contesting a Rs. 1,020.19 lakh CENVAT credit dispute for the 2017-18 assessment year. After the Commissioner (Appeal) rejected their appeal against the GST Commissioner's order disallowing the use of disputed CENVAT credit, Elecon has filed a writ petition in the Gujarat High Court. The company plans to tag this recent order with their existing petition. The final financial impact remains uncertain as the case awaits hearing in the High Court.

14Jul 25

Elecon Engineering's Gear Division Reports Robust Order Book of Rs 710 Crores

Elecon Engineering Company Limited's Gear Division has reported an open order book worth Rs 710.00 Crores as of June 30, 2025. This substantial order book indicates robust demand for the company's gear products and solutions, potentially contributing to business stability and reflecting market confidence in Elecon's capabilities. The Gear Division caters to various industries including power, steel, cement, sugar, mining, rubber, and paper.

14Jul 25

Elecon Engineering Unveils Rs 435 Crore Capex Plan, Projects Rs 2,650 Crore Revenue for FY26

Elecon Engineering Company has unveiled a Rs 435 crore capital expenditure plan, with Rs 400 crore allocated to the Gear Division and Rs 35 crore to the Material Handling Equipment (MHE) Division. The company projects a consolidated revenue of Rs 2,650 crore for FY26, excluding an additional Rs 25 crore expected from an arbitration settlement. The MHE Division is expected to contribute Rs 650 crore with a 23% sustainable profit margin.

11Jul 25

Elecon Engineering Addresses NSE Notice on RPT Disclosure Non-Compliance

Elecon Engineering Company has requested a waiver from the National Stock Exchange (NSE) for non-compliance in Related Party Transaction (RPT) disclosure. The company submitted the required disclosure on the BSE portal on April 24, 2025, but failed to do so on the NSE portal, believing it would automatically reflect. Upon receiving NSE's notice on May 5, 2025, Elecon promptly uploaded the disclosure on the NEAPS portal on May 6 and submitted a formal waiver application on July 10. The company attributes the oversight to confusion between the Integrated Filing System and Single Filing System, emphasizing its commitment to compliance and transparency.

11Jul 25

Elecon Engineering Reports Strong Q1 Results, Settles Litigation with BHEL

Elecon Engineering reported Q1 consolidated revenue of ₹491.00 crores, up 25% year-on-year. PAT reached ₹175.00 crores, including exceptional items. The Gear division grew 6.10%, while the MHE division surged 138.90%. The company settled a long-standing dispute with BHEL, receiving ₹2,540.00 lakhs. Elecon aims to generate 50% of consolidated revenue from international markets by FY30.

11Jul 25

Elecon Engineering Reports Robust Q1 FY26 Performance with 25% Revenue Growth and Exceptional Item

Elecon Engineering Company announced robust Q1 FY26 results with consolidated revenue up 25% to ₹491.00 crores. Net profit surged to ₹175.44 crores from ₹73.40 crores in Q1 FY25. The Gear Division revenue grew 6.1% to ₹357.00 crores, while the Material Handling Equipment Division saw a 138.9% increase to ₹133.00 crores. The company's performance was boosted by arbitration claim settlements and exceptional gains. Elecon aims to generate 50% of consolidated revenue from international markets by FY30 and remains optimistic about future growth in both domestic and overseas markets.

28Apr 25

Elecon Engineering Sets Ambitious FY26 Financial Targets

Elecon Engineering has announced its financial projections for FY26, targeting a consolidated revenue of INR 2,650.00 crores and an EBITDA margin of 24.00%. These ambitious goals reflect the company's confidence in its growth trajectory and commitment to operational efficiency. The projections suggest potential expansion plans and a focus on maintaining strong profitability.

24Apr 25

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.