Elecon Engineering Company Limited — Investor Meet, 17-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Elecon's Q3 FY26 saw consolidated revenue climb 4.3% YoY to INR 552 Cr. While the Gear division's revenue remained flat due to timing and dispatch delays, the Material Handling Equipment (MHE) division posted robust 16% growth. EBITDA margin was 19.8%, impacted by product mix and employee costs. Consolidated order intake rose 7% to INR 701 Cr, building a strong open order book of INR 1372 Cr. Management slightly revised FY26 revenue and margin expectations downwards but remains confident about a 20-25% long-term growth trajectory, driven by strong order book conversion and domestic capex. Net cash stands at INR 600 Cr.