Elecon Engineering Company Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
ELECON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 14.9 pts less than Nifty Smallcap 250 and 13.8 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Elecon Engineering reported consolidated Q3 FY26 revenue of ₹552 crore, up 4.3% year-on-year, but EBITDA fell 23.4% to ₹109 crore with margins compressing sharply by 717 basis points to 19.8%. Profit after tax declined 33% to ₹72 crore. For the nine-month period, consolidated revenue grew 13.4% to ₹1,620 crore and PAT rose about 25% to ₹335 crore, boosted by an ₹80 crore (net of tax) exceptional gain from reclassification of its Eimco Elecon investment. The Gear division's revenue was flat while the Material Handling Equipment division grew 16.3%. The company lowered its FY26 revenue guidance by up to 5% and adjusted EBITDA margin guidance by up to 2%, citing near-term softness, though order book stands healthy at ₹1,372 crore. Separately, CFO Narasimhan Raghunathan resigned effective January 31, 2026, citing personal and family commitments. Statutory auditors C N K & Associates LLP issued an unmodified review opinion.
Investors may react negatively to the steep Q3 margin compression and the downward revision to FY26 guidance, even as nine-month earnings remain supported by one-time gains. The CFO departure at month-end adds short-term governance uncertainty, though the robust order book provides medium-term revenue visibility.