Elecon Engineering Company Ltd
Elecon Engineering Company Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company targets a growth rate of around 20% to 25% over the next three years. Near-term guidance for FY 2026 has been revised downwards, with revenue expected to be lower by up to ~5% and adjusted EBITDA margins lower by up to ~2% compared to earlier guidance (Page 5).
From Elecon Engineering Company Ltd's Q3 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- The company targets a growth rate of around 20% to 25% over the next three years.
- Revenue growth is expected both domestically and through exports, with exports projected to be over 50% of revenue by FY 2030.
- Domestic market growth is driven by strong presence in power, steel, sugar, cement, fertilizer, and port sectors.
- Export growth might face geopolitical challenges but efforts continue to expand OEM networks and increase market penetration, especially in Europe and the Middle East.
- Power sector opportunities, especially thermal power, are expected to pick up with ongoing capex by NTPC and state bodies.
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Profitability & Margins
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Capital Expenditure Plans
- Elecon Engineering has planned a capex of approximately INR 400 crores for FY 2026 to 2028 aligned with long-term strategic priorities.
- For the Material Handling Equipment (MHE) division, there is a specific capex plan of INR 35 to 40 crores focused on upgrading machinery and expanding capacity.
- Some new machines under the MHE capex plan are expected to be acquired by Q1 of the next financial year (FY 2027).
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Fundraising & Capital Structure
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Order Book & Pipeline
- As of December 31, 2025, the consolidated order book stands at:
- Gear division: INR 811 crores
- Material Handling Equipment (MHE) division: INR 561 crores
- Total order book: INR 1,372 crores
- Execution cycle for Engineered Products (EP) orders is approximately 5 to 6 months, with most to be executed in the next financial year starting Q4 FY26.
- Some Gear division orders for the power sector and others have been deferred by customers to the next financial year.
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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 Q3 FY26 results?
The company targets a growth rate of around 20% to 25% over the next three years. Near-term guidance for FY 2026 has been revised downwards, with revenue expected to be lower by up to ~5% and adjusted EBITDA margins lower by up to ~2% compared to earlier guidance (Page 5).
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 Engineering has planned a capex of approximately INR 400 crores for FY 2026 to 2028 aligned with long-term strategic priorities.
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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.