Shares of Eimco Elecon (India) Limited tanked more than 12% on Thursday after the company posted disappointing financial results for the quarter ended September 30, 2025 (Q2 FY26). As of 2:15 PM, the shares trading 12.04% lower at Rs 2,023.90.
The mining and construction equipment manufacturer reported a sharp 59% year-on-year (YoY) decline in net profit to ₹5.35 crore, compared to ₹13.06 crore in the same period last year. The slump in profitability was driven by a steep fall in revenues and weaker operational performance.
Revenue from operations dropped 50% YoY to ₹33.23 crore, down from ₹66.62 crore in Q2 FY25. Including other income, the company’s total income came in at ₹37.50 crore, significantly lower than ₹74.73 crore a year ago.
On the expense front, total costs declined to ₹30.61 crore, compared to ₹53.53 crore in the corresponding quarter last year. However, the fall in expenses was not enough to offset the sharp drop in sales, leading to a profit before tax of ₹6.89 crore, down from ₹19.21 crore YoY. The company paid ₹1.54 crore in taxes during the quarter, compared to ₹6.15 crore in the same period last year.
For the half-year ended September 2025, Eimco Elecon reported a net profit of ₹19.83 crore, compared to ₹27.84 crore in the same period last year. Revenue for the half year stood at ₹100.80 crore, versus ₹136.63 crore in H1 FY25.