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Elecon's Q4FY26 consolidated revenue dipped 7% YoY to ₹746 Cr, with EBITDA down 19% to ₹158 Cr, largely due to deferred Gear division deliveries amid global challenges. PAT stood at ₹108 Cr (excluding goodwill impairment). For FY26, revenue grew 6% to ₹2,366 Cr. The MHE division continued its strong growth, with Q4 revenue up 36.8% YoY. A robust open order book of ₹1,292 Cr (+36% YoY) provides solid future visibility. Management is confident in growth recovery, emphasizing strategic alliances, R&D, and MHE scaling to drive long-term profitable growth.