Elecon Engineering Company Limited — Investor Meet, 17-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Elecon Engineering reported Q1 FY26 consolidated revenue up 25% to INR 491 Cr, driven by strong domestic demand. Gear division revenue grew 6% to INR 357 Cr, with margins temporarily impacted by new plant depreciation. MHE division surged 139% to INR 133 Cr (partially from arbitration settlement), showing strong operational performance. Total open order book stands at INR 1,110 Cr. Management is confident, expecting Gear margins to normalize. Key growth drivers include defense orders (INR 200 Cr this year, potential INR 1000 Cr+ longer-term) and MHE exports. The company maintains a strong cash position.