Elecon Engineering Company Limited — Investor Meet, 25-10-2024: Analysts/Institutional Investor Meet/Con. Call Updates

Elecon Engineering Company reported a Q2 FY '25 revenue of INR 508 crores, a 4.8% year-on-year increase, with challenges in gear division volumes affecting margins. The gear segment revenue fell to INR 398 crores due to delayed client orders, while the MHE division surged 77.8% to INR 110 crores. The company aims for a total FY '25 revenue of INR 2,225 crores, maintaining an EBITDA margin target of 24%. Elecon is also expanding its global presence, with a focus on sustainability initiatives.