Elecon Engineering Company Limited saw its shares dip over 7% following the announcement of its Q2FY26 results, even as the company posted healthy growth in revenue. As of 1:10 PM, the shares were trading 7.49% lower at Rs 558.60.
For Q2FY26, Elecon reported revenue of ₹578.13 crore, up 14% from ₹508.14 crore in the same quarter last year. This growth was driven by robust order execution and improved operational efficiency. Total income for the quarter rose to ₹596.45 crore, aided by other income, while total expenses increased to ₹484.36 crore due to higher employee costs and raw material consumption.
Profit before tax (PBT) remained stable at ₹112.99 crore, slightly higher than ₹110.54 crore in Q2FY25. Net profit stayed flat at ₹87.72 crore. EBITDA rose 12% to ₹125 crore from ₹112 crore last year, with margins steady at 22%.
For the first half of FY26, Elecon’s revenue from operations surged 19% to ₹1,068.70 crore from ₹900.50 crore in H1FY25. Net profit for H1FY26 jumped 64% to ₹263.16 crore, compared to ₹161.08 crore a year ago, signaling a strong start to the fiscal year. Other comprehensive income for Q2FY26 stood at ₹28.53 crore, down from ₹100.40 crore last year, while paid-up equity share capital remained unchanged at ₹22.44 crore.