Elecon Engineering Company Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
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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.