Quarterly Results
Elecon Engineering Reports Q1 FY27 Results with Revenue Growth and Strong Order Book
NSE
ELECON
BSE
505700
Elecon Engineering reported consolidated Q1 FY27 revenue of ₹521 crore, up 11.9% (adjusted), while EBITDA and PAT grew to ₹109 crore and ₹70 crore, respectively. The company also reported a consolidated order intake of ₹755 crore and an order book of ₹1,518 crore.
PRICE-SENSITIVE TRIGGER
Event: Announcement of Q1 FY27 financial and operational performance.
Type: Quarterly Results
Impact: Positive
Immediate Effect: Elecon Engineering reported 11.9% adjusted revenue growth, 3.9% EBITDA growth, and 2.3% PAT growth in Q1 FY27, supported by strong performance in its Gear Division and a healthy consolidated order book of ₹1,518 crore, providing strong revenue visibility.
Financials:
Key Metrics:
- Gear Division Revenue: ₹416 crore (+16.3% YoY)
- Gear Division EBIT: ₹75 crore (+14.7% YoY)
- Gear Order Intake: ₹570 crore (+18.8%)
- Gear Order Book: ₹1,043 crore (+46.9%)
- Material Handling Equipment (MHE) Revenue: ₹105 crore (-2.9% YoY)
- MHE EBIT: ₹27 crore (-25.3%)
- MHE Order Intake: ₹185 crore (+38.1%)
- MHE Order Book: ₹475 crore (+18.8%)
Highlight:
- Revenue, EBITDA, and PAT increased during the quarter, while the consolidated order book expanded to ₹1,518 crore, driven by robust growth in the Gear Division.
What Happened ?
Elecon Engineering announced its unaudited Q1 FY27 results, reporting higher adjusted revenue and profitability despite margin pressure from increased input costs. The Gear Division delivered strong double-digit growth, while the MHE business experienced temporary softness in execution but continued to build a healthy order pipeline.
Key details
Operational Highlights:
- Consolidated revenue increased to ₹521 crore.
- Overseas revenue grew 21.9% YoY to ₹151 crore, contributing 29% of total revenue.
- Domestic revenue remained broadly stable at ₹370 crore.
- The Gear Division continued to benefit from healthy domestic and export demand.
- The MHE Division secured an overseas Port Industry order worth ₹21 crore during the quarter.
Order Book:
- Consolidated order intake stood at ₹755 crore.
- Consolidated order book reached ₹1,518 crore as of 30 June 2026.
- Management expects the strong order backlog to support revenue growth over the coming quarters.
Risk Analysis
Summary:
- While revenue growth remained healthy, profitability margins moderated due to higher input costs and temporary execution delays in the Material Handling Equipment business.
Key Risks:
- EBITDA and PAT margins declined year-on-year.
- MHE revenue and EBIT remained under pressure.
- Global macroeconomic and geopolitical uncertainties could impact demand.
Worst Case:
- If project execution remains slow and input cost inflation persists, margin recovery and earnings growth could remain subdued in subsequent quarters.
Risk Level: Medium
Company Commentary
- Management stated that the company delivered another quarter of resilient performance, supported by strong execution in the Gear Division, healthy overseas demand, and a record order pipeline. The company remains confident that its expanding order book, global presence, and continued investments in manufacturing and R&D will support sustainable long-term growth.
Official Exchange Filing: Elecon Engineering Limited
