Elecon Engineering Company Ltd

📊 Elecon Engineering Q4 FY26: Strong Order Book, MHE Growth Offsets Gear Dip

• Gear Division open orders: ₹894 crores as of March 31, 2026

• MHE Division open orders: ₹398 crores as of March 31, 2026

• Planned capex: ₹400 crores (80% Gear, 20% MHE) over FY26–FY28

• Q4 consolidated revenue: ₹746 crores

• Full-year adjusted revenue: ₹2,341 crores

• Gear Division revenue: ₹472 crores (down 21% YoY)

• MHE Division revenue: ₹274 crores (up 37% YoY)

• Consolidated EBITDA margin: 21.2% in Q4

• Net profit: ₹108 crores (14.5% PAT margin)

• Full-year EBITDA margin: 21.3%

• Reported PAT including exceptional items: ₹341 crores

• Capacity utilization: 56–60%

• Net cash position: ~₹700 crores

• New subsidiary established in Mexico

• Defense orders expected in FY27