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Elin Electronics delivered strong Q3FY26 results. Revenue grew 10% YoY to INR 293.5 Cr, while Profit After Tax (PAT) jumped 162% YoY to INR 3.8 Cr, and EBITDA rose 57% YoY to INR 11.9 Cr. This growth was largely fueled by the appliances business, with Kitchen & Home Care revenue up 330% and Fans revenue up 100% YoY, partially offsetting a decline in lighting. Precision components saw a slight dip.
The company focuses on R&D, cost optimization, and backward integration, leveraging government policies like 'Make in India' and favorable consumer demographics. Recent developments include adding 5 new lighting customers and progress on the new Bhiwadi facility, expected to be ready by May 2026. Upcoming product launches include OTG, Air Fryers, and Chimneys.
Management projects FY26 revenue growth of 9-10% and an EBITDA margin of 5.3-5.8%. Capital expenditure of INR 65 Cr is allocated for Bhiwadi and INR 40 Cr for existing operations, alongside a target to improve working capital days to 45-50.