Board Meeting Details
The Board of Directors meeting was held on 10th July, 2026, commencing at 10:30 a.m. and concluding at 11:25 a.m. The board considered, approved and took on record the Unaudited Financial Results (Standalone & Consolidated) for the quarter ended 30th June, 2026.
Standalone Financial Results (INR in Lakhs)
Income Statement
- Revenue from operations: ₹39,824 (Q1 FY27) vs ₹41,008 (Q1 FY26) vs ₹65,562 (Q4 FY26)
- Other income: ₹1,960 (Q1 FY27) vs ₹2,488 (Q1 FY26) vs ₹1,504 (Q4 FY26)
- Total Income: ₹41,784 (Q1 FY27) vs ₹43,496 (Q1 FY26) vs ₹67,066 (Q4 FY26)
Expenses Breakdown
- Cost of materials consumed: ₹21,715 (Q1 FY27) vs ₹16,873 (Q1 FY26)
- Change in inventories: (₹4,945) (Q1 FY27) vs (₹1,704) (Q1 FY26)
- Manufacturing expenses and erection charges: ₹5,110 (Q1 FY27) vs ₹4,213 (Q1 FY26)
- Employee benefit expenses: ₹3,424 (Q1 FY27) vs ₹3,598 (Q1 FY26)
- Finance costs: ₹780 (Q1 FY27) vs ₹562 (Q1 FY26)
- Depreciation and amortization: ₹2,609 (Q1 FY27) vs ₹2,150 (Q1 FY26)
- Other expenses: ₹5,222 (Q1 FY27) vs ₹5,814 (Q1 FY26)
- Total Expenses: ₹33,915 (Q1 FY27) vs ₹31,506 (Q1 FY26)
Profitability
- Profit before exceptional items and tax: ₹7,869 (Q1 FY27) vs ₹11,990 (Q1 FY26)
- Exceptional items: Nil (Q1 FY27) vs Gain of ₹14,942 (Q1 FY26)
- Profit before tax: ₹7,869 (Q1 FY27) vs ₹26,932 (Q1 FY26)
- Tax expenses: ₹2,012 (Current: ₹2,032, Deferred: ₹(20)) (Q1 FY27) vs ₹3,040 (Current: ₹3,101, Deferred: ₹(61)) (Q1 FY26)
- Net Profit after tax: ₹5,857 (Q1 FY27) vs ₹23,892 (Q1 FY26)
- Total comprehensive income: ₹8,463 (Q1 FY27) vs ₹29,865 (Q1 FY26)
Earnings Per Share (INR)
- Basic EPS: ₹2.61 (Q1 FY27) vs ₹10.65 (Q1 FY26)
- Diluted EPS: ₹2.61 (Q1 FY27) vs ₹10.65 (Q1 FY26)
Capital Structure
- Paid-up equity share capital: ₹2,244 lakhs (unchanged)
- Other equity: ₹2,02,640 lakhs
Segment Performance - Standalone (INR in Lakhs)
Transmission Equipment Division
- Revenue: ₹29,330 (Q1 FY27) vs ₹27,676 (Q1 FY26)
- Segment profit before tax and interest: ₹5,635 (Q1 FY27) vs ₹5,678 (Q1 FY26)
- Segment assets: ₹1,56,693 (Q1 FY27) vs ₹1,33,708 (Q1 FY26)
- Segment liabilities: ₹66,570 (Q1 FY27) vs ₹49,447 (Q1 FY26)
Material Handling Equipment Division
- Revenue: ₹11,164 (Q1 FY27) vs ₹13,833 (Q1 FY26)
- Segment profit before tax and interest: ₹3,070 (Q1 FY27) vs ₹6,341 (Q1 FY26)
- Segment assets: ₹29,344 (Q1 FY27) vs ₹25,996 (Q1 FY26)
- Segment liabilities: ₹9,993 (Q1 FY27) vs ₹10,194 (Q1 FY26)
Net Capital Employed
- ₹2,09,982 lakhs (Q1 FY27) vs ₹1,91,826 lakhs (Q1 FY26)
Consolidated Financial Results (INR in Lakhs)
Income Statement
- Revenue from operations: ₹52,056 (Q1 FY27) vs ₹49,057 (Q1 FY26)
- Other income: ₹1,991 (Q1 FY27) vs ₹2,488 (Q1 FY26)
- Total Income: ₹54,047 (Q1 FY27) vs ₹51,545 (Q1 FY26)
Expenses Breakdown
- Cost of materials consumed: ₹27,278 (Q1 FY27) vs ₹22,472 (Q1 FY26)
- Change in inventories: (₹4,187) (Q1 FY27) vs (₹1,704) (Q1 FY26)
- Manufacturing expenses and erection charges: ₹5,287 (Q1 FY27) vs ₹4,213 (Q1 FY26)
- Employee benefit expenses: ₹6,176 (Q1 FY27) vs ₹5,598 (Q1 FY26)
- Finance costs: ₹811 (Q1 FY27) vs ₹615 (Q1 FY26)
- Depreciation and amortization: ₹2,976 (Q1 FY27) vs ₹2,150 (Q1 FY26)
- Other expenses: ₹6,590 (Q1 FY27) vs ₹5,814 (Q1 FY26)
- Total Expenses: ₹44,931 (Q1 FY27) vs ₹38,958 (Q1 FY26)
Profitability
- Profit before share in profit of associate, exceptional item and tax: ₹9,316 (Q1 FY27) vs ₹12,587 (Q1 FY26)
- Share in profit of associate: Nil (both periods)
- Profit before exceptional item and tax: ₹9,316 (Q1 FY27) vs ₹12,587 (Q1 FY26)
- Exceptional items: Nil (Q1 FY27) vs Loss of ₹10,177 (Q1 FY26)
- Profit before tax: ₹9,316 (Q1 FY27) vs ₹4,039 (Q1 FY26)
- Tax expenses: ₹2,281 (Current: ₹2,301, Deferred: ₹(20)) (Q1 FY27) vs ₹3,439 (Current: ₹3,549, Deferred: ₹(110)) (Q1 FY26)
- Net Profit after tax: ₹7,035 (Q1 FY27) vs ₹600 (Q1 FY26)
- Total comprehensive income: ₹9,370 (Q1 FY27) vs ₹442 (Q1 FY26)
Earnings Per Share (INR)
- Basic EPS: ₹3.14 (Q1 FY27) vs ₹0.27 (Q1 FY26)
- Diluted EPS: ₹3.14 (Q1 FY27) vs ₹0.27 (Q1 FY26)
Operational Highlights from Management Commentary
Consolidated Performance
- Revenue: ₹521 crores (₹520.56 lakhs)
- EBITDA: ₹109 crores, margin 21.0%
- PAT: ₹70 crores (₹70.35 lakhs), margin 13.5%
- Order intake: ₹755 crores during quarter
- Open order book: ₹1,518 crores as of 30th June 2026
Gear Division Performance
- Revenue: ₹416 crores, grew 16.3% YoY
- EBIT: ₹75 crores, margin 17.9%
- Order intake: ₹570 crores, increased 18.8% YoY
- Open order book: ₹1,043 crores, rose 46.9% YoY
MHE Division Performance
- Revenue: ₹105 crores, declined 2.9% YoY
- EBIT margin: 25.6%
- Secured overseas port order: ₹21 crores
- Order intake: ₹185 crores, increased 38.1% YoY
- Open order book: ₹475 crores, rose 18.8% YoY
International Business
- Overseas revenue: ₹151 crores, 29% of consolidated revenue
- YoY growth: 21.9% in international business
Dividend Information
- Final Dividend: ₹1.50 per equity share (150%) recommended on 15th April 2026
- Approved in AGM held on 25th June 2026
- Paid on 30th June 2026
Exceptional Items Notes
- Q1 FY26 included unrealized mark-to-market gain of ₹14,942 lakhs (net of tax) from reclassification of Eimco Elecon investment
- Q4 FY26 included goodwill impairment loss of ₹10,177 lakhs in consolidated results
Auditor Review
- Statutory auditors C N K & Associates LLP issued unmodified review reports for both standalone and consolidated results
- Review conducted under SRE 2410 standards
- Reports dated 10th July 2026
Subsidiaries and Associates Included in Consolidation
- 12 subsidiaries including Radicon Transmission UK Limited and its step-down subsidiaries
- 3 associates (Elecon Engineering (Suzhou) Co. Limited, Elecon Africa Pty. Limited, Elecon Australia Pty. Limited) in process of liquidation approval from RBI