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Eimco Elecon (India) Limited's Board of Directors met on April 14, 2026, to approve the company's audited financial results for the year ended March 31, 2026.
The company reported a net profit of ₹3,871.33 lakh (approximately ₹38.7 crore) for fiscal year 2026, a decrease from ₹4,890.68 lakh in the previous year. Revenue from operations also saw a decline, reaching ₹23,074.65 lakh (about ₹230.7 crore) compared to ₹24,647.25 lakh in FY2025.
Despite the dip in earnings, the board recommended a 40% dividend payout, equating to ₹4 per equity share. This proposal is subject to shareholder approval at the company's upcoming Annual General Meeting (AGM).
In governance matters, the Board re-appointed M/s. C. F. Patel & Co. as Internal Auditors, M/s. Diwanji & Co. as Cost Auditors, and M/s. KC Mehta & Co LLP as Tax Auditors. These appointments cover fiscal years 2025-26 and 2026-27. The composition of the Risk Management Committee was also formally approved.
Eimco Elecon is a manufacturer of material handling equipment, industrial fans, and allied products, serving core industries such as power, steel, cement, and mining.
A notable factor impacting FY2025-26 results was an additional financial charge of ₹43.16 lakh for gratuity, stemming from new Labour Codes. Further financial implications from these codes may emerge as government rules are clarified.
The company operates within an industry that shares dynamics with peers like Elecon Engineering Company Ltd, a major Indian manufacturer of industrial gears and material handling equipment, facing similar economic cycles.
As of March 31, 2026, Eimco Elecon's total assets stood at ₹52,415.84 lakh.
Shareholders will now await the announcement of the AGM date to vote on the dividend proposal. The distribution process is expected to follow within 30 days of AGM approval. Investors will be looking for any further company guidance on future outlook and the ongoing impact of the new labour laws.