Key Financial Figures - Q2 FY27 (Consolidated)

  • Revenue: ₹639 crores, representing 10.5% YoY growth
  • EBITDA: ₹148 crores, up 17.7% YoY
  • EBITDA Margin: 23.1%, expanding 140 bps YoY
  • PAT: ₹96 crores, with PAT margin of 15.1%
  • EPS: ₹4.29
  • Open Order Book (as of 30th September 2026): ₹1,635 crores, a 33% YoY increase

Key Financial Figures - H1 FY27 (Consolidated)

  • Revenue: ₹1,160 crores, representing 11.1% growth over adjusted H1 FY26
  • EBITDA: ₹257 crores, up 11.4% over adjusted H1 FY26
  • PAT: ₹167 crores
  • EPS: ₹7.43

Note: H1 FY26 figures were adjusted to exclude ₹25 crores of one-time arbitration income from MHE division, ₹10 crores of arbitration claim settlement, and ₹80 crores (net of tax) of unrealized mark-to-market gain on investment reclassification.

Segment Performance - Gear Division (Q2 FY27)

  • Revenue: ₹488 crores, up 10.6% YoY
  • EBIT: ₹108 crores, up 27.2% YoY
  • EBIT Margin: 22.1%, expanding 290 bps YoY
  • Order Intake: ₹493 crores
  • Open Order Book: ₹1,056 crores, up 37.0% YoY

Segment Performance - MHE Division (Q2 FY27)

  • Revenue: ₹151 crores, up 10.4% YoY
  • EBIT Margin: 20.2% (moderated due to unfavorable product mix and slower project execution)
  • Order Intake: ₹253 crores, up 32.5% YoY
  • Overseas Orders: ₹68 crores
  • Open Order Book: ₹579 crores, up 27.3% YoY

Overseas Business Performance

  • Q2 FY27 Revenue: ₹159 crores
  • YoY Growth: 30.6%

Balance Sheet Position (as of September 2026)

  • Total Assets: ₹3,562 crores (vs. ₹3,234 crores in March 2026)
  • Shareholders Funds: ₹2,509 crores (vs. ₹2,306 crores in March 2026)
  • Property, Plant and Equipment: ₹633 crores
  • Right to use of Assets: ₹385 crores
  • Inventories: ₹371 crores
  • Trade Receivables: ₹602 crores
  • Cash and Cash Equivalents: ₹125 crores
  • Bank Balances (other): ₹172 crores
  • Total Current Liabilities: ₹717 crores

Cash Flow Statement (H1 FY27)

  • Net Cash from Operating Activities: ₹242 crores
  • Cash Flow from Investing Activities: (₹197) crores
  • Cash Flow from Financing Activities: (₹92) crores
  • Net decrease in Cash & Cash Equivalent: (₹44) crores

Management Commentary

Mr. Prayasvin B. Patel, Chairman & Managing Director, commented on the healthy performance with strong growth in both revenue and profitability. He highlighted the robust order book providing strong revenue visibility, the Gear division's margin expansion, and the MHE division's strong order intake despite execution challenges. He emphasized the company's focus on strengthening leadership in industrial gear solutions, expanding international presence, and advancing engineering capabilities as Elecon marks 75 years of operation.

Additional Information

The presentation also covered the company's global footprint with manufacturing plants in Sweden, Netherlands, UK, USA, and India (Vallabh Vidyanagar, Gujarat spread over 335,000 sq. meters), R&D capabilities with 105+ engineers and 4 patents granted, and sustainability initiatives including 55% energy from renewable sources and commitment to reduce GHG emissions by 54.6% by FY33.