Elecon Engineering Company Limited Q1 FY27: Revenue Up 11.9% Yoy, PAT Rises 6.1%

Elecon Engineering Company Limited (NSE: ELECON) announced its unaudited financial results for the quarter ended 30th June 2026. The company reported consolidated revenue of ₹521 crores, up 11.9% YoY, and Profit After Tax (PAT) of ₹70 crores, a 6.1% increase. The Gear Division delivered a strong performance with revenue increasing 16.3% YoY to ₹416 crores, driven by improved execution and healthy demand across domestic and international markets.

Gear Division Performance

The Gear Division’s revenue grew by 16.3% YoY to ₹416 crores, with EBIT increasing 14.7% to ₹75 crores. The EBIT margin remained resilient at 17.9%, reflecting disciplined cost management despite an increase in input costs. Order intake increased 18.8% YoY to ₹570 crores, while the open order book rose 46.9% YoY to ₹1,043 crores.

MHE Division Insights

The Material Handling Equipment (MHE) Division witnessed a marginal degrowth in revenue of 2.9% on a YoY basis, primarily due to temporary softness in project execution. The division’s EBIT decreased due to an unfavorable product mix and increased input costs. However, the division secured an overseas order in the Port industry of ₹21 crores, demonstrating strategic initiatives are paying dividends. Order intake increased 38.1% YoY to ₹185 crores, while the open order book rose 18.8% YoY to ₹475 crores.

Commenting on the results, Shri Prayasvin B. Patel, Chairman & Managing Director of Elecon Engineering Company Ltd. said, “Q1 FY27 marked another quarter of resilient performance for Elecon, with consolidated revenue of ₹521 crores, EBITDA of ₹109 crores, and an EBITDA margin of 21.0%. Profit After Tax stood at ₹70 crores, translating into a PAT margin of 13.5%. Our performance reflects disciplined execution and operational resilience. We recorded a consolidated order intake of ₹755 crores during the quarter, while our consolidated open order book stood at ₹1,518 crores as of 30th June 2026, providing strong revenue visibility for the quarters ahead.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Elecon Engineering Company Limited

Elecon Engineering Company Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.

Elecon posts a 22.1% three-month gain, but softens in the last few weeks. The PEG of 2.64 makes it expensive versus peers. The premium needs earnings to catch up quickly. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. The stock gives back 3.9% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 15.9% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Elecon Engineering Company Limited.