Elecon Engineering Powers Ahead in Q1 FY27: Revenue Climbs 6.1%, Order Book Surges Past ₹1,500 Crore

Elecon Engineering Company Limited, one of Asia’s leading manufacturers of industrial gear systems and material handling equipment, reported a steady financial performance for the quarter ended June 30, 2026 (Q1 FY27). The company delivered growth in revenue, EBITDA, and profit while maintaining healthy operating margins and building a strong order pipeline that provides excellent visibility for future growth.

The company’s performance was driven primarily by the continued strength of its Gear Division, while the Material Handling Equipment (MHE) business recorded strong order inflows despite temporary softness in revenue.

Revenue Rises 6.1% in Q1 FY27

Elecon Engineering reported consolidated revenue of ₹521 crore, representing a 6.1% year-on-year (YoY) increase compared with the adjusted Q1 FY26.

The company’s consistent growth reflects healthy demand across domestic and international markets, supported by efficient project execution and a diversified customer base.

Financial Highlights

• Revenue: ₹521 crore (up 6.1% YoY)
• EBITDA: ₹109 crore (up 3.9% YoY)
• EBITDA Margin: 21.0%
• Profit After Tax (PAT): ₹70 crore (up 0.8% YoY)
• PAT Margin: 13.5%

The results demonstrate Elecon’s disciplined cost management and operational efficiency despite a dynamic business environment.

Gear Division Continues to Drive Growth

The Gear Division remained the company’s primary growth engine during the quarter.

Key highlights include:

• Revenue: ₹416 crore (up 16.3% YoY)
• Order Intake: ₹570 crore (up 18.8% YoY)
• Open Order Book: ₹1,043 crore (up 46.9% YoY)

Strong demand from both domestic and international customers, coupled with improved execution, contributed to the division’s robust performance.

The sharp increase in the order book provides healthy revenue visibility for the coming quarters.

Material Handling Equipment Division Sees Strong Order Momentum

The Material Handling Equipment (MHE) division reported revenue of ₹105 crore, a modest decline of 2.9% YoY, primarily due to slower project execution during the quarter.

However, business development remained strong.

Key highlights include:

• Revenue: ₹105 crore
• Order Intake: ₹185 crore (up 38.1% YoY)
• Open Order Book: ₹475 crore
• Secured a ₹21 crore overseas order in the port sector

The significant improvement in order inflows indicates positive business momentum and supports future revenue growth.

Healthy Order Book Provides Strong Growth Visibility

Elecon Engineering reported:

• Total Order Intake: ₹755 crore
• Consolidated Open Order Book: ₹1,518 crore (as of June 30, 2026)

The robust order pipeline provides strong visibility for future project execution and reinforces management’s confidence in sustained business growth.

Management Commentary

Chairman & Managing Director Shri Prayasvin B. Patel highlighted the company’s resilient operational performance and disciplined execution during the quarter.

He emphasized that the healthy consolidated order book of ₹1,518 crore provides a solid foundation for continued growth while reflecting sustained demand across the company’s core business segments.

Q1 FY27 Financial Highlights

Gear Division

Material Handling Equipment Division

Outlook

Elecon Engineering enters the remainder of FY27 with a strong order pipeline and healthy demand across its key business segments. The continued momentum in the Gear Division, combined with improving order inflows in the Material Handling Equipment business, positions the company for sustained growth.

Supported by a robust order book, expanding international presence, and disciplined execution, Elecon Engineering remains well-positioned to capitalize on opportunities in industrial manufacturing, infrastructure, mining, steel, cement, and port sectors.