Elecon Engineering Company Limited has informed the Exchange about Transcript
ELECON · price
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Elecon Engineering reported Q4 FY26 consolidated revenue of INR746 crores, down from INR798 crores YoY, hit by deferred customer deliveries and geopolitical uncertainty, especially in the Gear Division which fell 21% YoY to INR472 crores. MHE Division grew a strong 36.8% YoY to INR274 crores. Q4 EBITDA margin stood at 21.2% with PAT of INR108 crores (excluding a one-time INR102 crore goodwill impairment from the legacy 2010-11 Benzlers/Radicon UK acquisition). Full-year FY26 adjusted revenue rose 6% to INR2,341 crores with EBITDA margins broadly stable at 21.3%. Open order book grew to INR1,292 crores (vs INR948 crores), and the company sits on a net cash position of ~INR700 crores. A final dividend of INR1.50 per share has been recommended.
Near-term performance was weaker than expected due to execution delays in the Gear business, but a robust order book, net cash of INR700 crores, and a new Mexico subsidiary for Latin America support the medium-term growth story. Management has withheld specific FY27 guidance citing geopolitical uncertainty, which may keep the stock rangebound until visibility improves.