Elecon Engineering Company Announces FY26 Financial Results, Key Appointments, and Final Dividend

Elecon Engineering Company Announces FY26 Financial Results, Key Appointments, and Final Dividend​

Elecon Engineering Company Limited announced the outcome of its Board Meeting held on April 15, 2026. The company declared a final dividend and detailed the financial and operational performance for the quarter and financial year ended March 31, 2026. The board also approved several key management appointments and the reappointment of statutory auditors.

Financial Results and Dividend Declaration​

The Board of Directors approved the audited standalone and consolidated financial results, along with the auditors' report, for the quarter and financial year ended March 31, 2026.

Regarding corporate action, the Board recommended a Final Dividend of Rs. 1.50/- (equivalent to 150%) per Equity Share of Re. 1.00/- each for the financial year 2025-26.

The financial performance data for the year ended March 31, 2026, is summarized below:

Standalone Financial Highlights


Consolidated Financial Highlights


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Leadership and Governance Updates​

The Board of Directors approved several key managerial appointments and corporate governance changes:

• Chief Financial Officer: Mr. Chintan Shah was approved as the Chief Financial Officer and Key Managerial Personnel, effective April 15, 2026.
• Chairman & Managing Director: Mr. Prayasvin Patel was re-appointed as Chairman & Managing Director for a term of three years, effective from July 1, 2026.
• Executive Director: Mr. Aayush Shah was approved for appointment as the Executive Director for a term of three years, effective from October 1, 2026.
• Additional Director: Dr. Savan Godiawala was approved as an Additional Director, designated as a Non-Executive & Independent Director, for a term of five years, effective from April 15, 2026.

The company also confirmed the reappointment of its professional auditors:

Operational Segment Performance​

The company provided detailed segment results, highlighting strong performance in key divisions:

• Material Handling Equipment (MHE): Revenue for the quarter stood at 29,172 (Standalone) and 29,241 (Consolidated). EBIT for the quarter was 7,303 (Standalone) and 7,329 (Consolidated).
• Gear Division: Revenue for the quarter stood at 38,260 (Standalone) and 47,190 (Consolidated).
• The operational highlights noted that the MHE division reported a robust growth of 36.8% Year-on-Year for the quarter, with an EBIT margin of 22.8%.

Market Commentary​

Commenting on the financial results, Prayasvin B. Patel, Chairman & Managing Director, noted that Elecon continues to maintain its market leadership position in Industrial Gear Solutions and Material Handling Equipment in India.

For the quarter ended March 31, 2026, the consolidated revenue was ₹ 746 crores, with an EBITDA of ₹ 158 crores and an EBITDA margin at 21.2%. Profit after Tax (PAT) stood at ₹ 108 crores (after excluding Impairment loss of Goodwill ₹ 102 Crores). The order-in-take for the quarter was ₹ 657 crores, and the open order book as at March 31, 2026, was ₹ 1,292 crores.

The MHE division sustained strong growth, while the Gear Division, although reporting lower revenue (₹ 472 crores compared to ₹ 597 crores in the previous year), maintains a healthy open order book, suggesting confidence in a growth recovery in the coming year. The company remains focused on expanding its overseas business and forging strategic alliances with global partners.

ELECON Stock Price Movement​

As of 2:19 PM, Elecon Engineering Company Limited shares are shedding 0.19% in live trading, currently trading at ₹413.95. The stock is experiencing high liquidity today, with 998,412 shares traded so far.

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