Elin Electronics Limited — Investor Meet, 30-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Elin Electronics reported Q4 revenue of INR315.7 Cr, up 14% YoY and 19% QoQ. EBITDA stood at INR20.3 Cr (6.4% margin), adjusted to 5.9% excluding non-recurring items. PAT rose to INR17.2 Cr, boosted by a INR7.5 Cr subsidiary share sale. FY25 revenue was INR1,180 Cr, within guidance, but EBITDA at INR52 Cr missed targets.

Management expects FY26 revenue of INR1,350-1,400 Cr (+15-18%) and EBITDA margin of 6-6.5%, backed by INR100-125 Cr capex for a new Bhiwadi plant (medium appliances) by March 2026. Fans segment doubled revenue, exports commenced; Lighting declined due to JV impact but new customer talks ongoing. Margin gains will come from efficiencies, automation, and improved gross margin. Utilization is 70-75%, with potential to rise. The company remains a pure OEM focusing on operational excellence and global export potential with a confident outlook.