Elecon Reports Q4 And FY26 Results With Strong MHE Growth

17 Apr 2026 CW Team

Elecon Engineering Company Limited reported consolidated results for the quarter ended 31 March 2026, recording quarterly revenue of Rs 7.46 bn and an EBITDA of Rs 1.58 bn, representing an EBITDA margin of 21.2 per cent. Profit after tax for the quarter was Rs 1.08 bn after adjusting for an impairment loss of goodwill of Rs 1.02 bn recorded as an exceptional item. For the full year the company reported adjusted revenue of Rs 23.66 bn and continued to maintain a significant domestic market position in industrial gear solutions and material handling equipment.

Order intake for the quarter was Rs 6.57 bn and the open order book as at 31 March 2026 stood at Rs 12.92 bn, providing visibility for the near term. The board has proposed a final dividend of Rs 1.50 per equity share subject to shareholder approval. Management indicated that a healthy order pipeline and sustained demand in key domestic sectors underpin confidence for the coming year.

The material handling equipment division delivered robust growth, with quarterly revenue of Rs 2.74 bn, up 36.8 per cent year on year, and an EBIT of Rs 620 mn, with an EBIT margin of 22.8 per cent. The gear division reported quarterly revenue of Rs 4.72 bn and an EBIT of Rs 910 mn, with an EBIT margin of 19.3 per cent, the decline being attributed to delays in order inflows, extended dispatch schedules and customer deferments. Both divisions continue to carry a healthy open order book and an encouraging enquiry pipeline.

Management outlined a strategy focused on overseas expansion, strategic alliances, continued investment in research and development and scaling aftermarket services to sustain momentum. The company highlighted recent manufacturing upgrades and emphasis on custom engineered solutions to improve lead times and competitive positioning. A standard safe harbour note was included to caution that forward looking statements are subject to risks and uncertainties.

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