Elin Electronics reports strong Q2 & H1 FY26 results; Revenue up 23% YoY, PAT up 115% YoY in Q2
Elin Electronics reported strong Q2 & H1 FY26 results with Q2 revenue up 23% YoY to ₹3,745 million and PAT up 115% YoY to ₹103 million. The company provided FY26 guidance with potential tariff risks.
The announcement contains significant financial results for Q2 and H1 FY26, including strong growth in key metrics like revenue, EBITDA, and PAT. It also provides forward-looking guidance and details on capital expenditure, which are crucial for investor decision-making.
The company demonstrated strong year-on-year growth in operating revenue (23%), EBITDA (80%), and PAT (115%) for Q2 FY26, along with improved working capital and net cash position. Despite potential risks to future guidance from export tariffs, the overall performance is robust.
* Elin Electronics Limited announced its unaudited financial results for Q2 & H1 of FY 2025-26, accompanied by an Investor Presentation. * Q2 FY26 Financial Snapshot: * Operating Revenue: ₹3,745 million (₹374.5 crore), up ~23% year-on-year from ₹3,046 million (₹304.6 crore). * EBITDA: ₹204 million (₹20.4 crore), up ~80% year-on-year from ₹113 million (₹11.3 crore). EBITDA margin was 5.4%. * Profit After Tax (PAT): ₹103 million (₹10.3 crore), up ~115% year-on-year from ₹48 million (₹4.8 crore). PAT margin was 2.7%. * Net Cash / (Debt) improved to ₹942 million (₹94.2 crore) from ₹1,036 million (₹103.6 crore). * Net Working Capital Days improved to ~53 days from ~65 days. * H1 FY26 Financial Snapshot: * Total Revenue: ₹6,700 million (₹670 crore) compared to ₹5,981 million (₹598.1 crore) in H1 FY22. * EBITDA: ₹379 million (₹37.9 crore) compared to ₹246 million (₹24.6 crore) in H1 FY22. EBITDA margin was 5.7%. * PAT: ₹197 million (₹19.7 crore) compared to ₹107 million (₹10.7 crore) in H1 FY22. PAT margin was 2.9%. * Revenue Breakdown (Q2 FY26): * Home Appliances revenue grew by ~98% YoY to ₹1,406 million (₹140.6 crore), driven by new product launches (OFR), customer additions, and an earlier Diwali. * Fans revenue was up ~100% YoY, primarily in the BLDC ceiling fans category. * Lighting revenue declined ~5% YoY, offset by new customer additions. * Capex: * H1 FY26 Capex was ₹144.2 million (₹14.42 crore), mainly for Plant & Machinery and Tools, Dies & Moulds. * Construction for the Bhiwadi facility commenced in July 2025 and is expected to be ready for commercial operations by April 2026. * FY26 Guidance & Outlook: * Revenue guidance started at 15% or ₹1,350 crore. H1 FY26 achieved ~50% of this guidance. However, revenue could be impacted by up to 3% for FY26 due to uncertainty around USA export tariffs. * EBITDA margin guidance started at ~6.0 – 6.5%. H1 FY26 reported 5.7% (adjusted 5.9%). Margin could come in at 5.5% - 6.0% due to potential export sales impact. * Capex guidance of ~₹65 crore for Bhiwadi and ~₹35 - ₹40 crore for scaling existing business. * Working Capital days target is 45 - 50 days, largely driven by inventory and payables improvements.
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Elin Electronics Limited filed this with the NSE as a statutory disclosure, categorised under investor presentation. 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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