Consolidated Financial Performance Q1 FY27

  • Revenue: ₹521 crores (16% YoY growth compared to adjusted Q1 FY26 figures)
  • EBITDA: ₹109 crores
  • EBITDA Margin: 21.0%
  • Profit After Tax (PAT): ₹70 crores
  • PAT Margin: 13.5%

Note: Q1 FY26 figures were adjusted to exclude one-time items including ₹25 crores arbitration award income, ₹10 crores arbitration claim settlement, and ₹80 crores unrealized mark-to-market gain.

Division-wise Performance

Gear Division (Consolidated)

  • Revenue: ₹416 crores (16.3% YoY growth from ₹357 crores in Q1 FY26)
  • EBIT: ₹75 crores (14.7% YoY growth)
  • EBIT Margin: 17.9%
  • Order Intake: ₹570 crores (18.8% YoY increase)
  • Open Order Book: ₹1,043 crores (46.9% YoY increase)

Material Handling Equipment (MHE) Division (Consolidated)

  • Revenue: ₹105 crores (2.9% YoY decline)
  • EBIT Margin: 25.6%
  • Overseas Order: Secured ₹21 crores order in Port industry during the quarter
  • Order Intake: ₹185 crores (38.1% YoY increase)
  • Open Order Book: ₹475 crores (18.8% YoY increase)

Order Book Position

  • Consolidated Order Intake: ₹755 crores for Q1 FY27
  • Consolidated Open Order Book: ₹1,518 crores as of 30th June, 2026

Geographic Performance

  • Overseas Revenue: ₹151 crores (29% of consolidated revenue)
  • Overseas Growth: 21.9% YoY increase

Management Commentary

Shri Prayasvin B. Patel, Chairman & Managing Director, highlighted:

  • Resilient performance with disciplined execution and operational resilience
  • Strong revenue visibility from healthy order book position
  • Gear Division growth driven by improved execution across overseas subsidiaries and healthy domestic demand
  • MHE division experiencing temporary moderation in project execution but underlying demand remains strong
  • Early signs of recovery across international markets despite global macroeconomic uncertainties
  • Company positioned to capitalize on opportunities through advanced manufacturing capabilities, R&D investments, and global partnerships

Company Background

Elecon Engineering Company Limited, established in 1951, is one of Asia's largest manufacturers of Industrial Gears and Material Handling Equipment. The company has manufacturing facilities spread over 3,35,000 square meters and serves 95+ countries globally. Products are used in Cement, Sugar, Defense, Steel, Mining, and Power sectors.

Safe Harbor Statement

The document contains forward-looking statements based on management's beliefs and expectations as of the date of release. The company does not assume obligation to update these statements and notes they are not guarantees of future performance due to inherent risks and uncertainties.