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Approved the appointment of Aayush Shah (DIN: 07140517) as the Executive Director of the Company for a term of three (3) years with effect from 1 October 2026.
Approved the appointment of Dr. Savan Godiawala (DIN: 07874111) as an Additional Director designated as a Non-Executive & Independent Director of the company for a term of five (5) years with effect from 15 April 2026.
For the full year,net profit declined 17.81% to Rs 341.15 crore in the year ended March 2026 as against Rs 415.10 crore during the previous year ended March 2025. Sales rose 6.25% to Rs 2366.05 crore in the year ended March 2026 as against Rs 2226.96 crore during the previous year ended March 2025.
Domestic revenue added up to Rs 610 crore (down 7.85% YoY) and that from overseas was Rs 136 crore (flat YoY).
EBITDA declined by 19.1% to Rs 158 crore in Q4 FY26 from Rs 195 crore in Q4 FY25. EBITDA margin for the period under review was 21.2%, down 330 basis points.
For FY26, the company reported revenue and net profit of Rs 2,366 crore (up 6.2% YoY) and Rs 341 crore (down 17.8% YoY), respectively.
Prayasvin B. Patel, chairman & managing director of Elecon Engineering Company, said: “Order-in-take for the quarter was Rs 657 crore, and open order book as at 31 March 2026 stood at Rs 1,292 crore.
The strong open order book, combined with a healthy order inflow outlook across markets, provides good visibility for the coming year.
Elecon continues to be a market leader in India for both Industrial Gear Solutions and Material Handling Equipment and continues to maintain the growth momentum in the domestic market.
Despite near term global challenges, we remain focused on expanding our overseas business across multiple geographies.
Our competitive edge is driven by advanced manufacturing capabilities, recently upgraded with state-of-the-art machinery, a comprehensive portfolio of high-quality products, and the ability to deliver custom-engineered solutions with optimized lead times, ensuring consistent and reliable performance for our diverse customer base.
During Q4 FY26, our Material Handling Equipment (MHE) division sustained its strong growth trajectory, reporting revenue of Rs 274 crore, up 36.8% YoY, with an EBIT margin of 22.8%. With our strategic focus on product supply and expansion of aftermarket services, we expect this segment to maintain steady momentum going forward.
Revenue in the Gear Division for Q4 FY26 was Rs 472 crore compared to Rs 597 crore in Q4FY25, with an EBIT margin of 19.3%. This decrease was primarily attributable to delays in order inflows, extended dispatch schedules, and the deferment of deliveries by customers amid ongoing global macroeconomic challenges. We are carrying a healthy open order book for next year which provides confidence in a growth recovery for this division in the coming year.
Demand remains healthy across both domestic and overseas markets. In India, sustained investment activity in key sectors such as power, steel, and cement is expected to drive growth. While geopolitical uncertainties persist, we are beginning to see early signs of recovery in our overseas business.”
Elecon Engineering Company is one of the largest manufacturers of industrial gears and material handling equipment.
The scrip shed 0.33% to end at Rs 413.25 on the BSE today.
EBITDA stood at Rs 109 crore in Q3 FY26, recording the de-growth of 23.4% compared with Rs 143 crore in Q3 FY25. EBITDA margin reduced 717 bps to 19.8% in Q3 FY26 compared with 27% in Q3 FY25.
In Q3 FY26, the order intake climbed 7% YoY to Rs 701 crore.
On geographical basis, 76% of total revenue came from domestic region, amounting to Rs 403 crore in Q3 FY26, up 4.5% YoY. The remaining 24% revenue contributed by exports, which stood at 421 crore in Q3 FY26, reflecting a 3.6% YoY increase.
On segmental front, revenue from gear segment jumped 1.3% YoY to Rs 423 crore while revenue from material handling equipment (MHE) division climbed 16.3% YoY to Rs 105 crore in Q3 FY26. During the quarter, the gear segment accounted for 80% of total revenue, while the MHE division contributed the remaining 20%.
The company said that FY26 revenue guidance may be lower by upto around 5%, while Adjusted EBITDA margins may be lower by upto approximately 2%. Going forward, improvement is expected considering healthy order book and robust inquiry pipeline.
Meanwhile, the company’s board approved the resignation of chief financial officer (CFO), Narasimhan Raghunathan with effect from close of business hours on 31st January 2026.
Prayasvin B. Patel, chairman & managing director of Elecon Engineering Company, said, “Order-in-take for the quarter was Rs 701 crore, and our order book as at 31st December 2025 stood at Rs 1,372 crore. The strong order book, combined with a healthy order inflow outlook across both domestic and overseas markets, provides good visibility and confidence going forward.
Elecon continues to be a market leader in India for both Industrial Gear Solutions and Material Handling Equipment, successfully harnessing the growth momentum in the domestic market. At the same time, we are focused on expanding our overseas business across multiple geographies. Our competitive edge is driven by advanced manufacturing capabilities, recently upgraded with state-of-the-art machinery, a comprehensive portfolio of high-quality products, and the ability to deliver custom-engineered solutions with optimized lead times, ensuring consistent and reliable performance for our diverse customers.
Demand remains healthy across both domestic and overseas markets. In India, sustained investment activity in key sectors such as steel, power, and cement is expected to drive growth. The overseas business is also showing signs of recovery, with consistent traction and encouraging enquiry levels across multiple geographies.
We are steadily advancing towards our strategic objective of generating 50% of our consolidated revenue from international markets by FY30. Strengthening relationships with global OEMs and continued brand-building initiatives reinforce our confidence in achieving this milestone.”
Elecon Engineering is one of the largest manufacturers of Industrial Gears and Material Handling Equipment with seven decades of experience and expertise in Asia. The company has a strong global presence serving more than 95 countries through a network of distributors, dealers and customer representatives. The product solutions include designing, manufacturing, supply, erection and commissioning of the products and are majorly used in Cement, Sugar, Defense, Steel, Mining and Power sector along with other sectors.
Indian Energy Exchange Ltd, Manappuram Finance Ltd, Thangamayil Jewellery Ltd and Transformers & Rectifiers India Ltd are among the other losers in the BSE's 'A' group today, 09 January 2026.
Elecon Engineering Company Ltd lost 15.61% to Rs 424.05 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 5.79 lakh shares were traded on the counter so far as against the average daily volumes of 1.2 lakh shares in the past one month.
Indian Energy Exchange Ltd tumbled 7.26% to Rs 139.2. The stock was the second biggest loser in 'A' group.On the BSE, 177.1 lakh shares were traded on the counter so far as against the average daily volumes of 8.69 lakh shares in the past one month.
Manappuram Finance Ltd crashed 6.77% to Rs 288.4. The stock was the third biggest loser in 'A' group.On the BSE, 6.39 lakh shares were traded on the counter so far as against the average daily volumes of 2.76 lakh shares in the past one month.
Thangamayil Jewellery Ltd corrected 6.11% to Rs 3651. The stock was the fourth biggest loser in 'A' group.On the BSE, 36831 shares were traded on the counter so far as against the average daily volumes of 10829 shares in the past one month.
Transformers & Rectifiers India Ltd plummeted 5.50% to Rs 275.8. The stock was the fifth biggest loser in 'A' group.On the BSE, 17.08 lakh shares were traded on the counter so far as against the average daily volumes of 9.78 lakh shares in the past one month.
Hitachi Energy India Ltd, Elecon Engineering Company Ltd, Tejas Networks Ltd, Cera Sanitaryware Ltd are among the other stocks to see a surge in volumes on NSE today, 09 January 2026.
Indian Energy Exchange Ltd notched up volume of 1992.1 lakh shares by 14:14 IST on NSE, a 7.31 fold spurt over two-week average daily volume of 272.70 lakh shares. The stock slipped 6.92% to Rs.139.70. Volumes stood at 241.7 lakh shares in the last session.
Hitachi Energy India Ltd notched up volume of 6.35 lakh shares by 14:14 IST on NSE, a 6.16 fold spurt over two-week average daily volume of 1.03 lakh shares. The stock slipped 5.12% to Rs.17,500.00. Volumes stood at 1.82 lakh shares in the last session.
Elecon Engineering Company Ltd witnessed volume of 107.41 lakh shares by 14:14 IST on NSE, a 4.99 times surge over two-week average daily volume of 21.52 lakh shares. The stock dropped 15.86% to Rs.423.50. Volumes stood at 24.19 lakh shares in the last session.
Tejas Networks Ltd saw volume of 27.53 lakh shares by 14:14 IST on NSE, a 4.54 fold spurt over two-week average daily volume of 6.07 lakh shares. The stock dropped 5.33% to Rs.418.15. Volumes stood at 5.09 lakh shares in the last session.
Cera Sanitaryware Ltd registered volume of 48470 shares by 14:14 IST on NSE, a 4.23 fold spurt over two-week average daily volume of 11453 shares. The stock slipped 1.25% to Rs.5,123.50. Volumes stood at 18631 shares in the last session.
Thangamayil Jewellery Ltd, PC Jeweller Ltd, Concord Biotech Ltd and Sonata Software Ltd are among the other gainers in the BSE's 'A' group today, 07 January 2026.
Elecon Engineering Company Ltd surged 7.86% to Rs 516.7 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.33 lakh shares were traded on the counter so far as against the average daily volumes of 73958 shares in the past one month.
Thangamayil Jewellery Ltd soared 6.91% to Rs 3722.3. The stock was the second biggest gainer in 'A' group. On the BSE, 28389 shares were traded on the counter so far as against the average daily volumes of 11624 shares in the past one month.
PC Jeweller Ltd spiked 6.25% to Rs 10.88. The stock was the third biggest gainer in 'A' group. On the BSE, 84.57 lakh shares were traded on the counter so far as against the average daily volumes of 47.1 lakh shares in the past one month.
Concord Biotech Ltd jumped 5.19% to Rs 1425.05. The stock was the fourth biggest gainer in 'A' group. On the BSE, 28647 shares were traded on the counter so far as against the average daily volumes of 3004 shares in the past one month.
Sonata Software Ltd advanced 4.83% to Rs 369.1. The stock was the fifth biggest gainer in 'A' group. On the BSE, 71988 shares were traded on the counter so far as against the average daily volumes of 35316 shares in the past one month.