Elecon Engineering Q2 result: Net profit rises 9% YoY; board approves interim dividend for FY27

The firm’s revenue from operations grew 10.5% year-on-year (YoY) to ₹639 crore in the September quarter of FY27, as against ₹578 crore registered in the year-ago period.

The operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), increased 17.5% to ₹148 crore as compared to ₹126 crore in the corresponding quarter of the previous fiscal year.

Its EBITDA margin expanded to 23.1% in the reporting quarter from 21.73% in Q2 FY26.

The consolidated open order book stood at ₹1,635 crore by the end of the reporting quarter, up approximately 33% YoY.

“Our overseas business, comprising exports and overseas subsidiaries, continued to gain momentum, with revenue reaching ₹159 crores during Q2 FY27, and registering 30.6% Y-o-Y growth. While global macroeconomic and geopolitical uncertainties persist, we remain focused on strengthening our reach across international markets,” said Prayasvin B. Patel, Chairman & Managing Director of Elecon Engineering Company.

“Our robust order book not only provides strong revenue visibility but also reinforces our confidence in continuing to be the preferred choice of our customers,” added Patel.

H1 FY27 updates

For half a year (H1 FY27), Elecon Engineering’s net profit declined 36.5% to ₹167 crore as compared to ₹263 crore on a YoY basis. Its revenue from operations for H1 FY27 stood at ₹1,160 crore as against ₹1,069 crore in H1 FY26, marking a growth of 8.5%.

The firm said adjusted profit after tax (PAT) for H1 FY26 excludes ₹19 crore (net of tax) and a further ₹7 crore (net of tax) in arbitration income booked under other income. It also excludes ₹80 crore (net of tax) in unrealised mark-to-market gains on the reclassification of investments, booked as exceptional income below PBT.

Interim dividend for FY27

Along with the earnings, the heavy electrical equipment-making company’s board of directors also declared an interim dividend for FY27 at ₹0.50 (i.e., 50%) per equity share of ₹1 each.

The firm has fixed a record date on October 21, 2026, for determining the entitlement of the shareholders, while the interim dividend will be paid to all the shareholders after November 4, 2026.

Segment updates

For Q2 FY27, Elecon said its gear division order intake remained broadly stable at ₹493 crore, while H1 order intake grew 8.8% to ₹1,063 crore. The firm’s open order book increased 37% YoY to ₹1,056 crore, providing healthy revenue visibility.

The gear segment continued to deliver strong growth in Q2 FY27, with revenue increasing 10.6% YoY to ₹488 crore, driven by disciplined execution, reinforcing the division’s strong contribution to consolidated performance.

For the MHE segment, Elecon’s order momentum remained strong, with intake growing 32.5% to ₹253 crore in Q2, supported by overseas orders of ₹68 crore. The division registered a revenue growth of 10.4% YoY in Q2 FY27.

The company said while project execution improved compared to Q1 in the MHE segment, a further acceleration in execution is anticipated during the remainder of H2 FY27.

Following the earnings, Elecon Engineering Company shares surged 14% to touch an intraday high of ₹501.8 apiece on the National Stock Exchange. At 2:01 PM, the stock was trading at ₹490.65 apiece, jumping 11.51%.

As of October 14, the company has a market capitalisation of ₹11,018.04 crore, NSE data showed.