Elecon Engineering Company Limited has informed the Exchange regarding a press release dated January 08, 2026, titled "Press Release of Board Meeting held on Thursday, 8th January, 2026".
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Awaiting price reaction for this filing.
Elecon Engineering reported Q3 FY26 consolidated revenue of ₹552 crores, up 4.3% YoY, but profit came under significant pressure. EBITDA fell 23.4% YoY to ₹109 crores with margins shrinking 717 basis points to 19.8%, while PAT declined 15% YoY to ₹72 crores (margin down to 13.0%). For 9M FY26, revenue grew 13.4% to ₹1,620 crores but adjusted EBITDA dipped 2.1% to ₹340 crores. The Gear division stayed flat at ₹429 crores with EBIT down 33.6% due to delayed order inflows and higher employee costs, while the MHE division grew 16.3% to ₹123 crores but saw margin contraction to 20.2%. Order book stood healthy at ₹1,372 crores with ₹701 crores inflow during the quarter. Management cut FY26 revenue guidance by up to 5% and EBITDA margin guidance by up to 2%, though overseas business showed strong traction with 48.7% YoY growth in 9M.
Near-term results were weak with sharp margin compression and downward revision of full-year guidance, which is likely to weigh on the stock in the short term. However, the strong order book, overseas growth momentum, and management's confidence in a recovery provide some medium-term support.