Elecon Engineering Company Limited — Important, 18-10-2024: Financial Result Updates

Elecon Engineering Company Limited's Board approved the interim dividend of ₹0.50 per share and the unaudited financial results for Q2 and H1 FY2025, reporting a consolidated revenue increase of 4.8% year-on-year to ₹508 crores. The Material Handling Equipment division saw significant growth of 77.8%, while the Gear division experienced a slight decline of 5.9% due to order delays. The company aims for 50% revenue from international markets by FY30, maintaining an optimistic outlook for the future.