Elin Electronics Ltd
Elin Electronics Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY26 revenue guidance: 15% growth to approximately INR 1350 crores; current H1 FY26 at 50% of target. FY26 revenue guidance is approximately INR 1,350 crores, targeting 15% growth over FY25, though there is a potential ~3% downside due to stalled exports to the USA (Page 5).
From Elin Electronics Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY26 revenue guidance: 15% growth to approximately INR 1350 crores; current H1 FY26 at 50% of target.
- Potential 3% revenue impact FY26 due to US export tariff uncertainty; hopes to add export projects next 4-6 quarters.
- FY27 expected revenues around INR 140 crores from new Rewari plant; INR 250 crores in FY28; plant revenue potential INR 500-600 crores.
- Confidence in strong growth momentum for fan segment (especially BLDC ceiling fans); new customers being added.
- Personal Care and Home Appliance segments showing robust growth with new product launches; Personal Care up 27% YoY.
- Medium appliance category to grow from Bhiwadi facility starting next fiscal; exports to the USA on hold due to tariffs.
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Profitability & Margins
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Capital Expenditure Plans
- Current year CapEx guidance: INR 100 to 110 crores.
- INR 60 to 65 crores allocated for Phase one of the new plant at Rewari.
- INR 35 to 40 crores for growth of existing businesses and factories.
- Rewari factory:
- Total project cost estimated at INR 100 crores.
- Construction started in July 2025; expected to be operational by March or April 2026.
- Expected revenues: around INR 140 crores in FY 27 and INR 250 crores in FY 28.
- Revenue potential at steady state: INR 500 to 600 crores.
- Expected steady state EBITDA margin: 7-7.5%; ROCE around 20%.
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Top-ranked in Consumer Durables
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- The company is in the process of getting designs and products approved by customers, especially for air coolers, where there is a slight delay due to the delayed key cooler season.
- Three out of four products planned to start production at the Bhiwadi facility are pre-approved and ready.
- The fourth product, air coolers, is still awaiting customer agreement and a small initial order before proceeding with investments.
- Existing capacity for FHP motors is sufficient, with some capacity diverted for captive use due to increased fan production.
- Expansion plans include new ranges like cooler motors, BLDC chimney motors, and potentially washing machine motors.
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Elin Electronics Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹324 Cr, net loss ₹1 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Elin Electronics Ltd's management said in earlier quarters
- Q4 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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Frequently Asked Questions
What were Elin Electronics Ltd Q2 FY26 results?
FY26 revenue guidance: 15% growth to approximately INR 1350 crores; current H1 FY26 at 50% of target. FY26 revenue guidance is approximately INR 1,350 crores, targeting 15% growth over FY25, though there is a potential ~3% downside due to stalled exports to the USA (Page 5).
What is Elin Electronics Ltd share price analysis?
Elin Electronics Ltd currently shows a neutral. The stock trades at a P/E of 21.6 with a market cap of ₹503 Cr. Investors should review the full earnings analysis for detailed insights.
Is Elin Electronics Ltd planning capital expenditure?
Current year CapEx guidance: INR 100 to 110 crores.
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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.