Elecon Engineering's FY26 revenue grew to Rs 2,366 Cr, but net profit fell to Rs 341 Cr. The company ended FY26 with a net cash position of Rs 700 Cr and a Debt-Equity ratio of 0.12x.
Elecon Engineering FY26 Performance
Elecon Engineering reported its financial results for the fiscal year ended March 31, 2026 (FY26), showing an increase in revenue but a decrease in profit. The company posted consolidated revenue of Rs 2,366 Cr and EBITDA of Rs 523 Cr.
| Metric | FY25 (Rs Cr) | FY26 (Rs Cr) |
|---|---|---|
| Net Sales | 2,227 | 2,366 |
| EBITDA | 548 | 523 |
| Net Profit | 415 | 341 |
Reader Takeaway: Revenue growth driven by MHE division, but profit faces pressure from rising costs.
What just happened
Elecon Engineering's fiscal year 2026 saw its consolidated revenue climb to Rs 2,366 Cr from Rs 2,227 Cr in FY25. However, EBITDA saw a marginal dip from Rs 548 Cr to Rs 523 Cr, and net profit declined significantly from Rs 415 Cr to Rs 341 Cr.
Why this matters
The revenue growth indicates market demand for Elecon's products, particularly in the Material Handling Equipment (MHE) segment. However, the drop in profit signals potential margin pressures or increased operational expenses that investors will want to understand.
The backstory
The Gear Division remains Elecon's largest segment, accounting for about 72% of revenue at Rs 1,699 Cr. The MHE division showed strong growth, with a 43.6% year-over-year increase to Rs 667 Cr, attributed to a strategic shift away from EPC contracts.
What changes now
With a consolidated order book of Rs 1,292 Cr, Elecon has visibility for FY27. The company maintains a healthy balance sheet with a net cash position of Rs 700 Cr and a low Debt-Equity ratio of 0.12x, indicating financial stability.
Risks to watch
Potential headwinds include navigating the global operating environment and managing cost efficiencies to improve profitability despite revenue increases.
Peer comparison
The filing does not contain peer comparison data.
Context metrics (time-bound)
Elecon Engineering's FY26 Net Sales stood at Rs 2,366 Cr, while FY26 EBITDA was Rs 523 Cr and FY26 Net Profit was Rs 341 Cr. The company reported a consolidated order book of Rs 1,292 Cr.
What to track next
Investors should watch the company's ability to convert its strong order book into profitable growth in FY27 and monitor margin performance.