Elin Electronics Q4FY26 Revenue Up 3% to ₹324.2 Crore, PAT at ₹(8) Crore
Elin Electronics reported Q4 FY26 revenue of ₹324.2 crore, up 3% YoY. EBITDA declined 70% YoY to ₹6 crore due to rising polymer costs. PAT was a loss of ₹8 crore. FY26 revenue reached ₹1,287.7 crore. The company expects 15% revenue growth in FY27 and plans ₹70 crore capex.
The slight revenue growth is positive, but the substantial decrease in profitability and the reasons cited (raw material costs, currency depreciation) create uncertainty. Future guidance offers some optimism, but the current quarter's performance warrants a medium impact assessment.
While revenue saw a slight increase, the significant drop in EBITDA and the resulting net loss for the quarter, coupled with margin pressures from raw material costs, indicate a negative financial performance for the period.
Elin Electronics Limited has announced its audited financial results for the fourth quarter and full fiscal year 2025-26. The company reported an operating revenue of ₹324.2 crore (3,242 million) for Q4 FY26, marking a nearly 3% year-on-year increase from ₹315.7 crore (3,157 million) in Q4 FY25. This revenue growth was primarily driven by higher sales in the lighting and fans, and appliances segments.
However, the Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) saw a significant decline of approximately 70% year-on-year, falling to ₹6 crore (60 million) in Q4 FY26 from ₹20.2 crore (202 million) in the same period last year. The company attributed this drop to impacted gross margins, which decreased by about 390 basis points due to a sharp surge in polymer prices, influenced by higher crude oil prices and the depreciation of the Indian Rupee against the US Dollar.
Consequently, the Profit After Tax (PAT) for Q4 FY26 was a loss of ₹8 million, compared to a profit of ₹17.2 crore (172 million) in Q4 FY25. For the full fiscal year 2025-26, total revenue stood at ₹1,287.7 crore (12,877 million), an increase from ₹1,180.2 crore (11,802 million) in FY25. The full-year EBITDA was ₹54.6 crore (546 million), and the PAT was ₹22.6 crore (226 million).
The company's balance sheet showed a net cash position of ₹70.1 crore (701 million), an improvement from ₹59.0 crore (590 million) in the previous year, with net working capital days reducing to approximately 59 days from 65 days.
Looking ahead to FY27, Elin Electronics anticipates revenue growth of around 15%, primarily from the Home Appliances and Fans segments. The company plans capital expenditure of ₹45 crore for the Bhiwadi facility and an additional ₹25 crore for scaling existing businesses. They are targeting net working capital days of around 50 days.
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Elin Electronics 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 medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Elin Electronics Limited. Read the original for the full detail.