Elecon Engineering Company Limited, a leading industrial gearbox manufacturer and material handling equipment provider, witnessed a significant 96% decrease in net profit to Rs 6 crore during the fourth quarter of the fiscal year 2026. This decline was primarily attributed to a substantial exceptional loss incurred during this period. In comparison, the company had recorded a net profit of Rs 146.48 crore in the same quarter of the previous financial year.
The notable drop in profit was mainly influenced by an exceptional loss of Rs 101.77 crore reported in the March quarter, contrasting with no such loss in the corresponding period a year earlier. Additionally, revenue from operations also experienced a decline, with Elecon Engineering reporting revenue of Rs 745.61 crore, marking a 6.51% decrease from Rs 797.57 crore in the year-ago period.
Furthermore, the company’s operating performance showed weakness, with its EBITDA decreasing by 19% year-on-year to Rs 158 crore from Rs 195 crore. Margins also contracted to 21.2% from 24.4% in the same quarter of the previous financial year. The expenses for the fourth quarter totaled Rs 621 crore, down from Rs 626.6 crore in the year-ago period as per regulatory filings.
Elecon Engineering’s Chairman and Managing Director, Prayasvin B. Patel, commented on the Q4 results, emphasizing the strong open order book and a positive order inflow outlook across various markets, which bode well for the upcoming year. Patel highlighted that sustained investment activities in key sectors like power, steel, and cement in India are expected to drive growth for the company.
Operating in sectors such as power, steel, cement, and mining, Elecon Engineering is recognized as one of Asia’s largest industrial gearbox manufacturers. The company operates through two primary business divisions, gears, and material handling equipment, offering a wide range of products from industrial gearboxes to conveyor systems and wagon tipplers. Established in 1951 and headquartered in Gujarat, Elecon Engineering has established a robust presence not only in India but also in global markets including Asia, the Middle East, the US, the UK, and Africa.
