Elecon engineering posts strong growth, declares interim dividend

Elecon Engineering Company Limited, a leading industrial gear solution provider, reported strong financial results for the quarter and half-year ended September 30, 2025. Consolidated revenue for Q2 FY26 increased by 14% year-over-year to INR 578 crores, with H1 FY26 revenue reaching INR 1,069 crores, up 19% year-over-year. EBITDA for Q2 FY26 stood at INR 126 crores (12% YoY growth), and for H1 FY26, it was INR 256 crores (25% YoY growth). Profit After Tax (PAT) for Q2 FY26 was INR 88 crores, with H1 FY26 PAT at INR 263 crores, reflecting a 63.4% year-over-year increase. The company aims to achieve INR 2,650 crores in revenue for FY26.

The Material Handling Equipment (MHE) division exhibited strong growth, with Q2 FY26 revenue up 33% year-over-year and H1 FY26 revenue growing by 54.3% (excluding arbitration income of INR 25 crores). The Gear division also posted an 8.9% year-over-year revenue growth in Q2 FY26. Total order intake for Q2 FY26 increased by 28% to INR 688 crores, and H1 FY26 order intake grew by 20% to INR 1,302 crores. As of September 30, 2025, the open order book stood at INR 1,226 crores.

The Board of Directors declared an interim dividend of INR 0.50/- (50%) per equity share of INR 1/- each for FY 2025-26. The record date for this dividend is set for Thursday, October 16, 2025, with payment scheduled on or after Monday, November 3, 2025.