Elecon Engineering Company Limited — Updates, 22-01-2025: Press Release

Elecon Engineering Company Limited reported consolidated revenues of ₹529 crore for the quarter ended December 2024, reflecting a 12% year-on-year growth. The EBITDA stood at ₹143 crore with margins of 27%, while Profit After Tax (PAT) reached ₹108 crore, translating to PAT margins of 20%. This quarter saw a remarkable 72% year-on-year growth in the Material Handling Equipment (MHE) division, with EBIT margins improving significantly to 31.6%. In contrast, the Gear division experienced a marginal revenue growth of 2.1% but faced an overall decline over the nine-month period due to sluggish domestic demand in steel and sugar industries.

The company aims to generate 50% of its revenue from international markets by FY30, contributing approximately 27% of total revenue in the first nine months of FY25. The focus remains on profitable growth and long-term shareholder value. Elecon's strategic alliances, ongoing R&D investment, and improvement in the MHE segment position it favorably for future growth, warranting close monitoring from investors.