Eimco Elecon (India) Limited announced a 57.22% decrease in its fourth-quarter profit for the financial year 2026. The Gujarat-based company’s profit dropped to Rs 6.36 crore in the quarter ending March 31, down from Rs 14.87 crore in the same period the previous year. Profit before tax also fell by 54.55% year-on-year to Rs 8.94 crore as per the stock exchange filing.
Despite the decline in profit, the company saw a 4.04% increase in revenue from operations to Rs 66.88 crore in Q4 FY26, compared to Rs 64.28 crore in the corresponding quarter of the previous financial year. However, total expenses rose by 16.09% year-on-year to Rs 56.62 crore, impacting overall performance.
During the quarter, the cost of materials consumed decreased by 21.44% to Rs 22.97 crore, while compensation paid to distributors rose slightly by 1.61% to Rs 7.57 crore. For the full financial year FY26, Eimco Elecon reported a net profit of Rs 38.71 crore, lower than the Rs 48.91 crore recorded in FY25.
The company’s board recommended a dividend of Rs 4 per equity share, or 40%, for FY26, pending approval by shareholders at the upcoming Annual General Meeting. The dividend is expected to be disbursed within 30 days after the meeting. Eimco Elecon specializes in manufacturing equipment for the mining and construction sectors, producing underground mining machinery like Load Haul Dumpers and drilling equipment.
Founded in 1974 and headquartered in Vallabh Vidyanagar, Gujarat, the company supplies equipment to major firms such as Coal India subsidiaries, Hindustan Zinc, and Vedanta. The company’s shares closed at Rs 1,760.50 on April 13, marking a 0.20% decrease. The stock market was closed the next day in observance of Dr. Babasaheb Ambedkar Jayanti.
