Elecon Engineering Company Limited, one of Asia’s largest providers of industrial gear solutions and material handling equipment, has announced its audited financial results for the quarter and year ended March 31, 2026. For Q4 FY26, the Gear Division reported revenue of ₹472 crore, compared to ₹597 crore in Q4 FY25, reflecting a decline of 21% due to delays in order inflows, extended dispatch schedules, and deferment of deliveries amid global macroeconomic challenges. EBIT for the division stood at ₹91 crore, with a margin of 19.3%.
In contrast, the Material Handling Equipment (MHE) Division delivered strong growth, with revenue rising 36.8% year-on-year to ₹274 crore. EBIT stood at ₹62 crore, with a margin of 22.8%, supported by consistent domestic order inflows and a strong pipeline.
At the consolidated level, EBITDA margin stood at 21.2%, while Profit After Tax (PAT) was ₹108 crore (excluding an exceptional goodwill impairment of ₹102 crore). Order intake for the quarter was ₹657 crore, with an open order book of ₹1,292 crore as of March 31, 2026.
The company highlighted steady demand from key sectors such as power, steel, cement, and infrastructure, along with a robust inquiry pipeline, providing strong visibility for future growth. Despite near-term global headwinds, Elecon remains focused on expanding its international presence and leveraging advanced manufacturing capabilities to deliver high-quality, customized solutions.
Elecon Engineering Company Limited is one of India’s leading manufacturers of industrial gear solutions and material handling equipment. Established in 1951, the company has over seven decades of engineering expertise and a strong presence across global markets.
Elecon designs, manufactures, and supplies products used in sectors such as cement, steel, mining, power, and infrastructure. With advanced manufacturing facilities and a focus on innovation, it delivers customized, high-quality solutions to clients in over 100 countries. The company continues to strengthen its domestic leadership while expanding internationally, driven by technology upgrades, operational excellence, and a diversified product portfolio.
