Elecon Engineering Company Limited — Others, 11-07-2025: Cessation

Elecon Engineering Company Limited has announced a board meeting outcome including approval of the financial results for the quarter and half-year. The company reported consolidated revenue of ₹491 Cr, up 25% YoY, with EBITDA at ₹130 Cr and PAT at ₹175 Cr, boosted by ₹35 Cr from arbitration settlements and ₹80 Cr exceptional gain from reclassification of investment in Eimco Elecon (India) Ltd. The Gear division grew 6.1% in revenue with EBIT margin at 18.4%, impacted by higher employee costs and accelerated depreciation. The Material Handling Equipment (MHE) division saw revenue surge 139% aided by arbitration income, with EBIT margin improving to 46%. Elecon continues to strengthen its domestic and international market presence, targeting 50% revenue from overseas by FY30. The board approved reconstitution of committees and noted the completion of Dr. Sonal Ambani’s term as Independent Woman Director.