Elecon Engineering Company Ltd
Elecon Engineering Company Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company is confident of achieving its annual consolidated revenue guidance of INR 2,650 crores for FY '26. Elecon Engineering targets consolidated revenue of INR 2,650 crores and EBITDA margin of 24% for FY '26.
From Elecon Engineering Company Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- The company is confident of achieving its annual consolidated revenue guidance of INR 2,650 crores for FY '26.
- Strong order intake of INR 688 crores in Q2 FY '26, up 28% YoY, indicates robust demand.
- Domestic demand is picking up meaningfully, especially in power, steel, and cement sectors.
- Execution in the international markets, impacted by geopolitical delays, is expected to accelerate in H2 FY '26.
- Growth momentum continues in the Material Handling Equipment (MHE) division, with 33% YoY revenue growth in Q2 FY '26.
- Expansion into new sectors and international markets is underway to diversify and drive long-term growth.
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Profitability & Margins
See what Elecon Engineering Company Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Elecon plans a capex budget of INR 400 crores over FY '26 to FY '28 aligned with long-term strategic goals.
- This investment aims to enhance capacity, replace worn machinery, improve quality, and productivity.
- Capex funding will partly come from internal accruals, with some portion possibly through operating leases.
- The total planned capex over 5 years (2024-2029) is about INR 650 crores.
- These investments aim to support export growth, product innovation, and market expansion.
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Fundraising & Capital Structure
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Order Book & Pipeline
- The company has a strong pending order position, providing confidence in meeting targets.
- Open order book for Material Handling Equipment (MHE) stood at INR455 crores as of September 30, 2025.
- Large orders include an INR80 crores order in the power sector for custom-built gears.
- Defense sector orders like NGMV (Next Generation Missile Vessel) expected to be finalized soon.
- P-17 Bravo defense project (~INR1,000 crores opportunity) expected to see order finalization by Q3 or Q4 FY 2026 or early FY 2027.
- Significant orders in international markets are delayed due to geopolitical issues but inquiry levels remain healthy.
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Elecon Engineering Company Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹746 Cr, net profit ₹6 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Elecon Engg.Co's management said in earlier quarters
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Frequently Asked Questions
What were Elecon Engineering Company Ltd Q2 FY26 results?
The company is confident of achieving its annual consolidated revenue guidance of INR 2,650 crores for FY '26. Elecon Engineering targets consolidated revenue of INR 2,650 crores and EBITDA margin of 24% for FY '26.
What is Elecon Engineering Company Ltd share price analysis?
Elecon Engineering Company Ltd currently shows a neutral. The stock trades at a P/E of 35.7 with a market cap of ₹10,779 Cr. Investors should review the full earnings analysis for detailed insights.
Is Elecon Engineering Company Ltd planning capital expenditure?
Elecon plans a capex budget of INR 400 crores over FY '26 to FY '28 aligned with long-term strategic goals.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.