Elecon Q2 FY27: Revenue up 10.5%, EBITDA margin expands 140 bps
ELECON · price
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On the reaction day the stock moved 0.9 pts more than Nifty Smallcap 250 and 1.2 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Elecon Engineering Q2 FY27 revenue grew 10.5% to INR639 crores. EBITDA rose 17.7% to INR148 crores, margin up 140 bps to 23.1%. PAT grew 9.8% to INR96 crores. Gear division revenue up 10.6%, MHE up 10.4%. Overseas revenue surged 30.6%. Combined order book INR1,635 crores, up 34% year-on-year. Guides around 15% revenue growth in H2, maintain last year EBITDA margin. Credit rating upgraded to AA Positive. Net cash INR700 crores.
Strong Q2 with margin expansion, robust order book, and AA Positive rating upgrade signal healthy H2 outlook. Inorganic growth plans add long-term visibility.