Elin Electronics Q3 FY26 Earnings Call Transcript Released
Elin Electronics reported Q3 FY26 operating revenues of ₹294 crore, up 10% YoY. Consolidated EBITDA rose 57% to ₹11.9 crore, while PAT was ₹3.8 crore. The company expects its Bhiwadi plant to be operational by May 2026, targeting ₹140 crore revenue in FY27. Guidance for FY25-26 revenues is 9-10% with EBITDA margins of 5.3-5.8%.
The announcement provides an update on quarterly performance and future outlook, including capex plans and new plant operationalization, which are material to investors but do not represent an immediate, significant change in business operations or financial standing.
The company reported positive revenue and profit growth, highlighting strong performance in key business segments and providing optimistic guidance for future growth and new plant operations.
Elin Electronics Limited has released the transcript of its Q3 FY2026 earnings conference call, which was held on February 06, 2026. The call provided an update on the company's performance and strategies.
During the call, management highlighted a 10% year-over-year increase in operating revenues for the quarter, reaching ₹294 crore, driven by strong growth in appliances and the sand business. Consolidated EBITDA saw a significant 57% rise to ₹11.9 crore, although gross margins were impacted by rising raw material costs like copper, steel, and aluminum. Consolidated Profit After Tax (PAT) was ₹3.8 crore, up from ₹1.4 crore in the same period last year. The company maintained a strong liquidity position with net cash of ₹59 crore as of December 2025, though working capital days stood at 68 days due to higher inventory levels, expected to normalize soon. Capital expenditure for the first nine months of fiscal year '26 was ₹24.5 crore.
The company aims to be a one-stop shop for high-volume home appliances and durable needs. In the lighting segment, revenue was ₹62.3 crore, with new customer acquisitions contributing significantly. The fan business experienced 100% YoY growth, primarily due to BLDC ceiling fans. The home appliance segment also showed robust growth, with kitchen and home care revenues increasing by 330% YoY. Discussions are ongoing for export opportunities to the USA, and the company is optimistic about the 'Make in India' initiative.
Guidance for FY25-26 revenues is set at 9% to 10%, with EBITDA margins forecasted between 5.3% to 5.8%. Total CapEx for the year is expected to be between ₹100 crore to ₹110 crore, allocated to the new Bhiwadi plant and existing business growth. The Bhiwadi factory, with an estimated project cost of ₹100 crore, is expected to be operational by May 2026, with projected revenues of ₹140 crore in FY27 and ₹250 crore in FY28, aiming for a 20% return on capital employed.
Discussions during the Q&A included the company's competitive advantages in new product categories like oil field radiators, chimneys, and air coolers due to backward integration and in-house manufacturing capabilities. The company also addressed concerns about margin pressures due to raw material costs and the impact of BIS regulations on future growth, particularly in the FHP motor business.
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Elin Electronics Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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