Elecon Engineering Company Limited — Board Meeting, 22-01-2025: Outcome of Board Meeting

The Board of Elecon Engineering Company has approved the unaudited financial results for the quarter and nine months ended December 31, 2024. Consolidated revenue reached ₹528.89 crores, marking an 11.7% year-on-year increase. The EBITDA was ₹143 crores with a margin of 27%, while profit after tax stood at ₹108 crores, yielding a PAT margin of 20%. The Gear division reported stable revenues despite a challenging domestic market, while the Material Handling Equipment segment saw robust growth of 72% year-on-year. An amendment to insider trading regulations was also approved.