2026-07-12 15:45:24
Latest Post
LTM Limited Commences FY27 with Robust Trajectory as Q1 Net Profit Climbs 17% Year-on-Year to ₹14,686 Million
Gowra Leasing & Finance Q1 FY27 Net Profit Surges 123% Year-on-Year to ₹288.32 Lakh
Avenue Supermarts Unveils Q1 FY27 Performance: Net Profit Climbs to ₹860.44 Crore Amid Strong Operational Scaling
Avantel Limited Net Profit Climbs 67% Year-on-Year to ₹539.46 Lakh in Q1 FY27; Sequentially Up 13%
Just Dial Net Profit Climbs 4.1% Year-on-Year to ₹1,662.2 Million; Sequentially Surges 66%
Stock Report
Elecon Engineering Q1 FY27 Results: Consolidated Net Profit Reaches ₹70.35 Crore Amid Steady Revenue Growth
Posted On : 2026-07-12 11:02:12( TIMEZONE : IST )
Elecon Engineering Company Limited has announced its unaudited consolidated financial results for the first quarter of the fiscal year 2026-27 ended June 30, 2026. Headquartered in Vallabh Vidyanagar, Gujarat, the industrial gear and material handling equipment manufacturer achieved a steady single-digit expansion in its top-line revenue from operations, while sequential profitability experienced a significant rebound compared to the preceding quarter.
Steady Top-Line Growth and Total Income
For the opening quarter of FY27, Elecon Engineering clocked a consolidated revenue from operations of ₹52,056 lakhs (~₹520.56 crore). This marks a stable year-on-year growth of 6.11% when compared to the ₹49,057 lakhs generated during the corresponding first quarter of the previous fiscal year.
Other income for the quarter came in at ₹2,191 lakhs, tracking below the ₹2,643 lakhs recorded in the year-ago period, but showing an increase over the ₹1,757 lakhs from the immediate preceding quarter ended March 31, 2026. Driven by operational expansion, the company's total income for Q1 FY27 reached ₹54,247 lakhs, climbing roughly 4.93% against the ₹51,700 lakhs recorded in the same period last year.
Operating Expense and Margin Trends
Total expenses for the quarter rose to ₹44,931 lakhs, up 14.92% from the ₹39,096 lakhs recorded in the year-ago quarter, but contracting from the ₹62,102 lakhs spent during the high-volume fourth quarter of the previous fiscal year.
The primary expenditure segments during the three-month period included a raw material intake cost of ₹27,278 lakhs, which was partially offset by a positive change in finished goods and work-in-progress inventories of ₹4,187 lakhs. Manufacturing expenses and erection charges accounted for ₹5,287 lakhs, while employee benefit overheads were maintained at ₹6,176 lakhs. Financial and infrastructure costs included finance charges of ₹811 lakhs alongside depreciation and asset amortization expenses of ₹2,976 lakhs. General administrative and operational miscellaneous overheads (other expenses) came in at ₹6,590 lakhs.
Profitability Dynamics and Turnaround
The consolidated profit before tax and exceptional items settled at ₹9,316 lakhs for the quarter. With zero exceptional line adjustments impacting the balance sheet during this three-month window, the final profit before tax held firm at ₹9,316 lakhs. This represents a substantial sequential turnaround, more than doubling the pre-tax profit of ₹4,039 lakhs logged in the preceding quarter, which had been weighed down heavily by one-time exceptional adjustments.
Following a total corporate tax outgo of ₹2,281 lakhs-which comprises a current tax provision of ₹2,301 lakhs tempered by a marginal deferred tax credit of ₹20 lakhs-Elecon Engineering concluded the quarter with a consolidated net profit after tax of ₹7,035 lakhs (~₹70.35 crore).
While this net profit shows a steep sequential recovery from the bare ₹600 lakhs cleared in the exceptional-heavy March quarter, it tracks below the ₹17,544 lakhs posted in the high-base year-ago period.
Other Comprehensive Income and Earnings Per Share
The company registered significant traction in its other comprehensive income (net of tax), posting a gain of ₹2,335 lakhs. This was primarily driven by items that will not be reclassified to profit or loss, which stood at ₹2,837 lakhs (before a related tax impact of ₹425 lakhs), balancing out minor negative movements of ₹77 lakhs in items that will be reclassified subsequently. This extra traction lifted the total comprehensive income for the period to ₹9,370 lakhs.
On a stable paid-up equity share capital base of ₹2,244 lakhs, consisting of equity shares with a face value of ₹1 each, basic and diluted Earnings Per Share (EPS) normalized to ₹3.14 per share for the quarter, expanding substantially from the sequential ₹0.27 per share recorded in the final quarter of the previous fiscal year.
