Elin Electronics Ltd

Elin Electronics Q1 FY26: Steady Growth & Expansion Plans 🚀

- Q1 FY26 operating revenue: ₹2,955M (~1% YoY growth from ₹2,936M in Q1 FY25).

- EBITDA surged 32% YoY to ₹176M, with margins improving to 5.9% (vs 4.5% YoY).

- PAT rose 59% YoY to ₹94M, driven by better sales mix and procurement efficiency.

- Net cash position strengthened to ₹1,036M (from ₹748M).

- Revenue breakdown: Lighting/Fans/Switches (₹801M), Small Appliances (₹686M), FHP Motors (₹614M), Precision Components (₹613M).

- Lighting revenue fell 38% YoY due to a customer shifting to its JV.

- Fans revenue doubled YoY but was impacted by heavy rains.

- Small Appliances grew 8% YoY (mixer grinders & toasters driving volumes).

- Capex in Q1: ₹64.6M (Plant & Machinery focus).

- Bhiwadi facility construction started (July 2025), operational by April 2026.

- FY26 guidance: 15-18% revenue growth, 6.0-6.5% EBITDA margin, ₹55-65Cr capex for Bhiwadi.

- Growth drivers: 'Make in India', PLI benefits, and cost leadership.