8 months ago
Elecon Engineering Q3 Profit Drops 33% Amid Rising Expenses
Elecon Engineering, a big company that makes industrial gears and equipment, made less money in the last three months of 2025.
They earned ₹71.99 crore, which is much less than the ₹107.54 crore they earned in the same time last year.
This happened because their costs went up a lot, by about 17.59%.
Even though they sold more things, their profits went down.
The company's boss said that one part of their business, which makes things to move heavy stuff, did really well and made more money.
Another part, which makes gears, also did okay.
The company thinks they might make a little less money this year than they thought before, but they're still doing okay.
Elecon Engineering's net profit fell 33% to ₹71.99 crore in Q3 FY26 from ₹107.54 crore in Q3 FY25.
Total income rose 4.78% to ₹570.59 crore, while expenses surged 17.59% to ₹476.62 crore.
Material Handling Equipment (MHE) division revenue grew 16.3% YoY to ₹123 crore with a 20.2% EBIT margin.
Gear division revenue increased 1.3% YoY to ₹429 crore with an 18.2% EBIT margin.
FY26 guidance revised: Revenue expected to be ~5% lower and EBITDA margins ~2% lower due to execution delays and adverse product mix.
- Who
- Elecon Engineering Company Ltd (ELECON)
- What
- Reported a 33% fall in consolidated net profit for Q3 FY26
- Where
- New Delhi, India
- When
- December quarter (Q3 FY26)
- Why
- Due to higher expenses and execution delays
Key facts
- Company
- Elecon Engineering Company Ltd (ELECON)
- Q3 FY26 Net Profit
- ₹71.99 crore
- Q3 FY25 Net Profit
- ₹107.54 crore
- Total Income Q3 FY26
- ₹570.59 crore
- Total Income Q3 FY25
- ₹544.53 crore
- Expenses Q3 FY26
- ₹476.62 crore
- Expenses Q3 FY25
- ₹405.31 crore
- MHE Division Revenue Q3 FY26
- ₹123 crore
- Gear Division Revenue Q3 FY26
- ₹429 crore
- FY26 Revenue Guidance
- ~5% lower than earlier guidance
- FY26 EBITDA Margin Guidance
- ~2% lower than earlier guidance
Quotes
Prayasvin B Patel
Chairman and Managing Director of Elecon Engineering Company Ltd
“During Q3 FY26, our material handling equipment (MHE) division sustained its strong growth trajectory, reporting revenue of Rs 123 crore, up 16.3 per cent year-on-year (YoY), with an EBIT margin of 20.2 per cent.”
freepressjournal.in
“Our gear division delivered a resilient performance, reporting revenue of Rs 429 crore, up 1.3 per cent YoY, with an EBIT margin of 18.2 per cent.”
freepressjournal.in
