Elecon Engineering Q2 FY27 Revenue Up 10.5% to ₹639 Crore; Declares Interim Dividend
Elecon Engineering reported Q2 FY27 consolidated revenue of ₹639 crore, up 10.5% YoY, with EBITDA at ₹148 crore, up 17.7%. H1 FY27 revenue was ₹1,160 crore. The company declared an interim dividend of Re. 0.50 per share and saw its credit rating upgraded to [ICRA] AA (Positive).
The announcement includes key financial performance indicators (revenue, EBITDA growth), a dividend declaration, a credit rating upgrade, and significant order book growth, which are all material factors impacting investor perception and the company's financial standing.
The company reported strong year-on-year growth in revenue and EBITDA, improved margins, and a significant increase in its order book. Positive developments include an interim dividend declaration and a credit rating upgrade, all contributing to a positive sentiment.
Elecon Engineering Company Limited announced its unaudited financial results for the quarter and half-year ended 30th September 2026. Consolidated revenue for Q2 FY27 increased by 10.5% year-on-year to ₹639 crore, while EBITDA rose by 17.7% to ₹148 crore, with an improved EBITDA margin of 23.1%.
For the half-year ended H1 FY27, consolidated revenue stood at ₹1,160 crore, an 11.1% growth over adjusted H1 FY26, with adjusted EBITDA growing 11.4% to ₹257 crore at a margin of 22.2%. The Gear division demonstrated strong performance with Q2 revenue up 10.6% to ₹488 crore and EBIT up 27.2% to ₹108 crore, achieving an EBIT margin of 22.1%. The Material Handling Equipment (MHE) Division reported Q2 revenue of ₹151 crore, a 10.4% year-on-year increase, though EBIT margin moderated to 20.2% due to product mix and input costs.
The company's overseas business showed significant momentum, with revenue reaching ₹159 crore in Q2 FY27, a 30.6% year-on-year growth. Consolidated order intake for Q2 FY27 increased by 8.4% to ₹746 crore, and the consolidated open order book stood at ₹1,635 crore as of 30th September 2026, up approximately 33% year-on-year.
Key highlights for H1 FY27 include the declaration of an interim dividend of Re. 0.50 per equity share. The company's long-term credit rating was upgraded to [ICRA] AA (Positive), and its short-term rating was reaffirmed at ST: [ICRA] A1+. Additionally, SBI Bank has released collateral security for the company's working capital limits. The MHE division has also secured export orders amounting to approximately $9 million (approximately ₹75 crore).
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Elecon Engineering Company Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Elecon Engineering Company Limited. Read the original for the full detail.