Interim report
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14th October, 2026 To, The Manager (Listing), The BSE Ltd. Mumbai The Manager (Listing), National Stock Exchange of India Ltd. Mumbai Company’s Scrip Code: 505700 Company’s Scrip Code: ELECON Sub. : Outcome of Board Meeting held on Wednesday, 14 th October, 2026 Ref. : Regulations 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, In terms of the subject referred Regulations, this is to inform you that the Board of Directors of the Company at its meeting held today i.e. on 14 th October, 2026, inter alia, approved: 1. the Unaudited Financial Results (Sta ndalone & Consolidated) alongwith Limited Review Reports of the Company for the quarter and half year ended on 30 th September, 2026. 2. declaration of an Interim Di vidend for FY 2026-27 of Re. 0.50/- (i.e. 50%) per Equity Share of Re. 1/- each. 3. the record date for determining the entitlement of the shareholders for the interim dividend shall be Wednesday, 21 st October, 2026 pursuant to the Regulation 42 of the SEBI (Listing Ob ligations and Disclo sure Requirements) Regulations, 2015. 4. the interim dividend will be paid/dispa tched to all the shareholders of the Company on or after Wednesday, 4th November, 2026. We enclose herewith following:- a) Unaudited Financial Results (Standalone & Consolidated) alongwith Limited Review Reports of the Statutory Auditors thereon and; b) Press Release giving highlights on the performance of the Company.
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The meeting commenced at 11:00 a.m. and concluded at 01:10 p.m. You are requested to take the same on your records. Thanking you. Yours faithfully, For Elecon Engineering Company Limited, Bharti Isarani Company Secretary & Compliance Officer Encl.: As above
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:"! ISO 9001 :2015 ISO 14001:2015 ISO 45001 :2018 TOVRttolnland Sr •. No. 1 2 3 4 5 6 7 a 9 10 11 12 13 14 1 2 3 4 5 6 www1uv com 10 91U5017019 ELECON ENGINEERING COMPANY LIMITED STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER, 2026 .. Quarter ended Sir Monfh Ended Partlc~Jm 30 Sep 2026 ·30 Jun 2026 30 Sap 2025 30 Sep 2026 30 Sep 2025 - I Unaudited I 1unaudllii.:t1 IUnaudlle dl (Unaudltndl I Unaudited) Revenue from operations 53,466 39,824 49,618 93,290 90,626 Other income 1.702 1,960 1,831 3,662 4,319 Total Income (1+2) 55,168 41,784 51,449 96,952 94,945 Expanses (a) Cost of materials consumed 25,171 21.715 23.955 46,886 40,828 (b) Change in inventories of finished goods and work-in-progress (792) {4,945) 1,233 (5,737) (471) (c) Manufacturing expenses and erection charges 6,242 5,110 4,066 11,352 6,279 (d) Employee benefit expenses 3,955 3,424 3,470 7,379 7,068 (e) Finance costs 994 780 535 1,774 1,097 [f) Depreciation and amortisation expenses 2,890 2.609 2,206 5,499 4,356 (g) Other expenses 6,760 5,222 5,607 12,002 11,421 Tobol Expenses 45,240 33,915 41,074 79,155 72,580 Profit/ (loss) before exceptional Items and tax (3-4) 9,928 7,869 10,375 17,797 22,365 Exceptional Items Galn/(Loss)- (Refer Note 5) . . . 14,942 Profit I (Loss) before tax (5+6) 9,928 7,869 10,375 17,797 37,307 Tax expenses Current tax 2,517 2,032 2,282 4,549 5,383 Deferred tax (64) (20) 204 (84) 143 Net Profit I (Loss) for the period after tax (7-8) 7,475 5,857 7,889 13,332 31,781 Other comprehensive Income I (expenses) (net of tax) Items that will not be reclassified to profit or loss 5,053 3,031 (8,268) 8,084 (1,301) Income tax related to items that will not be reclassified to profit or loss (734) (425) 1.197 (1,159) 203 Tobol comprehensive Income I (expenses) for the period (9+10) 11,794 8,463 818 20,257 30,683 Paid-up equity share capital (Face value per equity share INR 1/-) 2,244 2,244 2,244 2,244 2,244 Other equity Earnings per share (of INR 1/- each) (not annualised) (INR in f) (a) Basic 3,33 2.61 3,52 5.94 14.16 (bl Diluted 3.33 2.61 3.52 5.94 14.16 Notes: 75 ye<Jrs of 9e,mn9 the futlir>? ONR In Lokho) ·Y.,..rended 31 March 2026 (Audited I 2,01,604 7,560 2,09,164 1,00,472 (3.270) 17,220 14,429 2,335 9.124 25,274 1,65,584 43,580 14,942 58, 522 10,821 31 47,670 (4,270) 645 44,045 2,244 2,02,640 21.24 21 .24 The above unaudited standalone financial results for the quarter and six months ended on 30th September, 2026 were reviewed and recommended by the Audit Committee and approved by the Board of Direclors at their respective meetings held on 14th October, 2026. The statutory auditors have expressed an unmodified conclusion on these standalone financial results. The review report has been filed with the stock exc/hanges and is available on the ~ompany's website. As per Ind AS 108 - 'Operating Segments', the Company has reported segment infonnation under two segments I.e. 1) Transmission Equipment and 2) Material Handling Equipment (MHE). Revenue from Operations and Other Income includes income for INR 2,529 lakhs and INR 975 lakhs respectively on account of settlement or arbitration claims against customers of MHE division during the quarter ended on 30th June, 2025. The Board of Directors declared an interim dividend of )NR 0.50/- per equity share of !NR 1/- each. The record date for the payment is 21st October, 2026. Eimco Elecon (India) Ltd. ceased to be an Associate effective 23rd April, 2025 and hence had been reclassified as financial asset with reporting at fair valued at each reporting date In accord .ance with Ind AS109. Accordingly, unrealised mark to market gain of INR 14,942 lakhs (net of tax) fill the date or tennination has been credited to Statement of Profit and Loss and considered as an exceptional item in the half year ending on 30th September, 2025 . After the date of tennination, Unrealised gain/loss of the respective periods has been included in the Other Compre hensive Income in accordance with one time irrevocable option available under Ind AS. Previous period figures have been regrouped I reclassified wherever necessary. Amounts reported are ln INR Lakhs and are based on the actual amounts, and therefore, the sum of the components may not equal the total amount reported In INR Lakhs due to rounding. . Cranes Rubber Industry Marine Industry Plastic Industry Power Industry Steel Industry Sugar Industry Mining Gearing industries. Gearing economies. ELECON ENGINEERING COMPANY LIMITED, Anand - Sojitra Road, Vallabh Vidyanagar • 388 120, Gujarat, India. Tel.: +91 2692 238701, 238702 CIN L29100GJ1960PLC001082 I infogear@elecon.com I www.elecon.com Cement Industry
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Continuation Sheet : UNAUDITED STANDALONE SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER, 2026 llNRlnukhs) Qu1rter ended Six Month Ended Year ended Partlculara 30 Sep2026 30Jun2026 30 Sep 2026 30 Sep2026 .30 S•p2025 31 March 2026 - . (Un•udlted) (Unaudited I (Unaudited) (Unaudited) (Un•udlted) {Audited) 1. SEGMENT REVENUE (a) Transmission Equipment 38,355 29,330 35,912 67,685 63,588 1,35,035 (b) Material Handling Equipment 15,851 11,164 14,602 27,015 28,435 71,150 Total 54,206 40,494 50,514 94,700 92,023 2,06,185 Less:Elimination of Inter division revenue (740) (670) (896) (1,410) (1,397) (4,581) Net Sales/ Income from Operations 53,466 39,824 49,618 93,290 90,626 2,01,604 Z. SEGMENT RESULTS PROFIT {+I/LOSS(-) BEFORE TAX AND INTEREST (a) Transmiss ion Equipment 8,047 5,635 7,406 13,681 13,084 27,377 (b) Material Handling Equipment (Refer Note 3) 3,452 3,070 3,998 6,522 10,339 20,849 Total 11,499 8,705 11,404 20,203 23,423 48,226 Less:Elimlnstlcn of Inter division pnifil (411) (380) 1471' {79C} 'E:.80' (2.503'1 Net segment pronU(lo .. I before tax and Interest 11,088 8,326 10,933 19,413 22,743 45,723 Less: I) Finance Cost 994 780 535 1,774 1,097 2,335 II) Other unallocated corporate ovemeads 1,689 1,391 1,317 3,080 2,976 6,302 iii) Unallocable income (1,523) (1,715) (1,294) (3,238) (3,695) (6,494) Iv) Exceptional items (Gain)/Loss - (Refer Note 5) - - - - (14,942) (14,942) Total Pront I (Loss) before Tax 9,928 7,869 10,376 17,797 37,307 58,522 3. SEGMENT ASSETS (a) Transmission Equipment 1,68,439 1,56,693 1,35,526 1,68,439 1,35,526 1,43,766 (b) Material Handling Equipment 34,311 29,344 25,360 34,311 25,360 39,881 (c) Unallocated 1,11,632 1,05,960 97,884 1,11,632 97,884 1,02,502 Total 3,14,382 2,91,997 2,58,770 3,14,382 2,58,770 2,86,149 4. SEGMENT LIABILITIES (a) Transmission Equipment 73,832 66,570 47,646 73,832 47,646 53,564 (b) Material Handling Equipment 12,665 9,993 11,601 12,665 11,601 19,730 (c) Unallocated 6,103 5,452 6,879 6,103 6,879 7,971 Total 92,600 82,015 66,126 92,600 66,126 81,265 5. NET CAPITAL EMPLOYED 2,21,782 2,09,982 1,82,&44 2,21,782 1,92,644 2,04,884 - ~thtcfil•• •-•~o; . .,~ - 9 . ~ y I ~ MUMBAI ii I /. ~·~·' Place : Vallabh Vidyanagar ~A~ :J • - Chairman & ManaQlng Director ~ -Date : 14th October 2026 - DIN : 00037394
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Continuation Sheet : ELECON ENGINEERING COMPANY LIMITED UNAUDITED STANDALONE STATEMENT OF ASSETS AND LIABILITIES Particulars ASSETS I. Non-current assets (a) Property, plant and equipment (b) Capital work-in-progress (c) Right of Use Assets (d) Investment properties (e) Other Intangible assets (f) Financial assets (i) Investments (ii) Other financial assets (g) Income tax assets (net) (h) Other non-current assets II.Curran t assets (a) Inventories (b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balance other than (iii) above (v) Others financial assets (c) Other current assets EQUITY AND LIABILITIES Equity (a) Equity share capital (b) Other equity LIABILITIES I. Non-current liabilities (a) Financial liabilities (i) Borrowings (ii) Lease Liabilities (b) Non-current provisions (c) Other Non-Current liabilit ies (d) Deferred tax liabilities (net) II.Current liabilities (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables (A) Total outstanding dues of micro enterprises and sm;ill enterprises Total Assets (B) Total outstand ing dues of creditors other than micro enterprises and small enterprises (iv) Other financial liabilities (b) Other current liabilities (c) Current provisions (d) Current tax liabilities (net) Place : Vallabh Vidyanagar Date : 14th October, 2026 Total Liabil ities and Liabilities Asat 30 Sep2026 Unaud ited 62,838 4,160 36,231 2,486 185 34,552 205 1,575 4,833 1,47,065 27,963 67,780 54,981 2,050 130 4,736 9,677 1,67,317 3 14,382 2.244 2, 19,538 2,21,782 26,052 241 667 5,245 32,205 7,669 13,288 13, 118 10,382 13,242 2,175 521 60,395 92,600 3 14 382 INR in Lakhs Asat 31 March 2026 Audited) 57,960 2,264 26,803 2,491 199 26,457 526 1,278 2,662 1,20,640 20, 138 58,963 66,538 8,995 1,335 3,61 4 5 926 1,65,509 2,86149 2,244 2,02,640 2,04.,884 19,728 178 258 4,169 24,333 4,671 9,833 13,658 9,596 16,051 2,426 698 56,932 81,265 2,86 149 Prayasvin B. Patel Chairman & Managing Direet'at DIN : 00037394
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Continuation Sheet : ELECON ENGINEERING COMPANY LIMITED STANDALONE STATEMENT OF CASH FLOW FOR THE SIX MONTHS ENDED 30TH SEPTEMBER, 2026 CINR in Lakhs) Particula rs Six Months Ended Six Months Ended Year ended 30 Seo 2026 30 Sen 2025 31 March 2026 (Unaudited) (Unaudited) !Audited) Clish flow from operating activities ProfiJ before tax 17,797 37,307 58,522 Adjustm e111>"for: Depreciation and amortisation expense 5,499 4,358 9,124 Finance costs 1,774 1,097 2,335 (Gain)/Loss on fair valuation of invesbnent (431) (742) (1,183) (Gain)/Loss on sale of/discarded property plant and equipment (net) (49) (30) (27) Interest income (1,921) (2,569) (4,353) Dividend income (41) (48) (91) (Gain)/Loss on sale of invesbnents (561) (118) (433) Allowances for Expected Credit Loss (including Bad debts and advances written ofl) (370) 70 693 Unrealised exchange (Gain)/Loss (59) (155) (253) Provision for other contractual liabilities, warranty and others 109 (129) (82) Allowances for Inventory . 205 59 600 Liabilities written-back (134) (3) (115) Exceptional Income (Refer Note 5 of Result Page) - (14,942) (14,942) Insurance claim receivable on property, plant and equipment - (338) - Rent received (284) (218) (438} 21,534 23,599 49,357 Working Capital Ad)Ul'.lmt!11/s: {lncrenso)/Dccrease in trade rcc~i vab l es 11,711 10,581 (9,457) {lncrease)/Decrca.sc in inventories (8,030) (l,4I4) (4,180) (lncreosc)/Decrease in financial assets (114) 57 8 (ln crease)/Decrcasc in O!her currenr and non-curr ent assets (3,909) (4,537) (2,346) (Deerc:asc)llncre3Se in trade payables 3,041 (7,329) 466 (Deorease)/lncreosc in provisions, current and non-current liabiliti"s (2,258) (1,508) 211 (Decrease)llncrease in other financial liabilities 786 (37) 4,737 Cash generated from operations 22,761 19,412 38,796 Taxes paid (Net of Refund) (5,023) (5,123) (10,694) Net cash (used in)/geoerated from operating activities (A) 17,738 14,289 28,102 Cash flow from investing activities Payments for purchase of property, plant and equipment (11 ,003) (5,830) (11,603) Proceeds from sale of property, plant and equipment 97 375 2,300 Payments for purchase of investments (42,533) (39,160) (82,546) (lncrease)/Decrease in Bank Balances other than Cash and Cash Equivalents 1,207 (593) 3,175 Proceeds from sale of investments 34,668 30,654 66,582 Rent received 284 218 438 Interest received 1,233 2,222 4,216 Dividend received 41 48 91 Net cash (used in)/generated from investing activities (B) (16,006) (12,066) (17,347) Cash flow from financing activities (Repaymeot)/Proceeds of current borrowings (net) - (331) (331) Finance cost paid (l,727) (1,145) (2,359) Dividend paid (3,366) (3,366) (4,488) Principal payment oflease liabilities (3,584) (1,743) (3,894) Net cash (used in)/geoerated from financing activities (C) (8,677) (6,585) (11,072)
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Continuation Sheet · ELECON ENGINEERING COMPANY LIMITED STANDALONE STATEMENT OF CASH FLOW FOR THE SIX MONTHS ENDED 30TH SEPTEMBER, 2026 Particulars Net Increasel(Decrease) in cash and cash equivalents (A+B+C) Cash and cash equivalents at beginning of the year Cash and cash equivalents at the end of the period Components of Cash and Cash equivalents : Cash on hand Balances with banks -In cwrent accounts -Deposits with bank {with maturity up to 3 months) Notes : Six Months Ended JO Se 2026 (6,945) 8,995 2,050 1,749 301 2,050 Six Months Ended 30 Se 2025 (4,362) 9,312 4,950 0 437 4.513 4,950 I. Cash and cash equivalents includes positive balances in Cash credit accounts with banks and forms an integral part of the Company's cash management. in Lakhs Year ended 31 March 2026 (317) 9,312 8,995 1,009 7.986 8,995 2. The above Statement of Cash Flow has been prepared under the "Indirect Method" as set out in Indian Accounting Standard (Ind AS 7) - Statement of Cmh Flows . 3. In accordance with para 22 o[ Ind AS 7 - Statement of Cash Flows, cash flows from current borrowings have been reported on net basis since these being working capital facilities, the maturities ure short . 4 During tb.e period non cash transaction from investing and financing acti>ities with respect lo acquisition of Right to Use Assets with corresponding adjustment lo Lbw.-.:: liabilities INR U,750 lakhs (March 31, 2026: INR 13,SSS lakjis) 5. Figures in brackets indicates cash outflow. Pince : VaUabh Vidyanagar Date : 14th October, 2026
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Independent Auditor's Review Report on Quarterly Unaudited and Year to Date Standalone Financial Results of Elecon Engineering Company Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors of Elecon Engineering Company Limited 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Elecon Engineeri n g Comp any Limit ed ("the Company") for the quarter ende d 30th September 2026 and year to date result for the period 1st April, 2026 to 30th Sep tember, 2026, ("the Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosw.e Rt<:luiremen:rs) Regulation s, 2015, as amended (' Listmg Regulations "); 2. Thi s Scatem.ent, which is the resp o~ib ility of the Company 's Manageme n t and approved by the Compan y's Board of Directors, has been pre pared in accordance with the xecognition and .measurement principles laid down in Indian Accouot:ing Standa rd 34 "Interim Financial Reporting" ("Ind AS 34"), pxescribed under: Section 133 of the Companies Act, 2013 ('the Act') as amended, read with relevant rules issued thereun der and other accounting princip les gene.rally accepte d in India and in compliance with Regulation 33 of the Listing Regulations. Our xesponsibility is to express a conclusion on the Statement based on our review; 3. We conducted CUI review of the Statement in. accord ance with the Standar d on Review Engagements (SRE) 2410 ''Review oflaterim Financial Information Performe d by the Ind ependent Auditor of the Entity", issued by the Institute of Chartere d Accountants oflndia . 'Ibis standard requires that we plan and perform the review to obtain moderate asslirance as to whether the statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matt ers, and applying analytical and other review procedures . A review is substantially less in scope than an audit conduc ted -in accord ance with Standar ds on Auditing and consequently does not enable us to obtain assurance that we would become a.ware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion; 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared .in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards prescribed under section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed 41 terms of the Listing Regulations, including the manner in which, it is to be disclosed, or that it contains any material misstatement. For C N K & Associates LLP Chartered Accountants Firm Registration No.: 10196 lW /W-100036 . Himanshu Kishnadwala Partner Membership No. 037391 UDIN: 26037391QXBTEV4156 Place: Vallabh Vidyanagar Date: 14th October 2026 Mistry Bhava.n, 3rd Floor, Dinshaw Vachha Road, Churchgate, Mumbai 400 020. Tel: + 91 22 6623 0600 501-502, Nara.in Chambe rs, M.G. Road, Vile Parle (E), Mumbai 400 057. Tel: + 912262 50 7600 Website: www.cnkin dia.com MUMBAI I CHENNAI \ VADODARA \ AHME,DABAD \ GIFT CITY \ BENGALURU \ DELHI \ PUNE \ KOLKATA \ DUBAI \ ABU DHABI
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_ A~ 15 0900 1:2015 ISO 14001:2015 ISO 45001:2016 TUVRh ainland Sr. No. 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 ...,,,.,.,.Iii,,~! ID 9 105017019 ELECON ENGINEERING COMPANY LIMITED 75 yc;us of gea1in9 l/l e fucure UNAUDITED STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED ON 30TH SEPTEMBER, 2026 (Amo 1,1ntS In INR Lakhs) Q u a~r e nd e d Six mon.lhs e.nded Year ended Partlcu tais 30Se 2026 30 Jun e 2026 J O Se 2025 30Se 2026 30Se 2025 31 March 2026 Unaudite d U nau dil Unau dited Unaud ited naudited Audited Revenue from operation;; 63,894 52,056 57,813 1,15,950 1,06,870 2,36,605 Other income 1,979 2,191 1,832 4,170 4,475 8,117 Total Income (1 +2) 65,873 54,247 59,645 1,20,120 1,11,345 2,44,722 Expenses (a) Cost of materials consumed 28,339 27,278 28,052 55,617 48,654 1,17,377 (b) Changes in inventories offinished goods and wor1<-in-progress (400) (4,187) 574 (4,567) (1 ,038) (4,865) (c) Manufacturing expenses and erection charges 6,494 5,287 4,241 11 ,781 8,542 17,795 (d) Employee benefit expenses 6,565 6,176 5,770 12,741 11 ,700 24,130 (el Finance costs 1,033 811 569 1,844 1,184 2,491 (f) Depreciation and amortisation expenses 3,260 2,976 2,528 6,236 4,962 10,424 (g) Other expenses 8,106 6,590 6,612 14,696 13,418 29,854 Total Expenses 53,397 44,931 48,346 98,328 87,442 1,97,206 Profit I (Loss) before share in profit of associate, exceptional item and tax (3 4) 12,476 9,316 11,299 21,792 23,903 47,516 Share in profit of associate (net of tax) 61 61 Profit I (Loss) before exceptional item and tax (5+6) 12,476 9,316 11,299 21,792 23,964 47,577 Exceptional items · gain/(loss) (refer note 5.a and 5.b) 8,047 (2,130) Profit I (Loss) before tax (7+8) 12,476 9,316 11,299 21,792 32,011 45,447 Tax expenses Current tax 2,905 2,301 2,323 5,206 5,552 11,301 Deferred tax (64) (20) 204 (84) 143 31 Net Profit I (Loss) for the period after tax (9-10) 9,635 7,035 8,772 16,670 26,316 34,115 Non-controlling interest Net Profit/ (Loss) after tax and non controlling interest (11-12) 9,635 7,035 8,772 16,670 26,316 34,115 Oth&r comprehensive income/( expenses) (net of tax) A (i) Items that will not be reclassifed to profit or loss 5,124 2,837 (8,302) 7,961 (1 ,368) (4,450) (ii) Income tax related to items that will not be reclassified to profit or loss (734) (425) 1,197 (1,159) 203 645 B (i) Items that will be reclassified to profit or loss 315 (77) 1,186 238 2,756 4,894 Total comprehe nsive income/( expenses) for the period (13+14) 14,344 9,370 2,853 23,710 27,907 35,204 Paid-up equity share capital (Face value per equity share INR 1/-) 2,244 2,244 2,244 2,244 2,244 2,244 Other equity 2,28,341 Earnings per share (of INR 1/- each) (not annualised) (INR Inf) (a) Basic 4.29 3.14 3.91 7.43 11 .73 15.20 (b) Diluted 4.29 3.14 3.91 7.43 11 .73 15.20 Notes: The above unaudited consolidated financial results for the quarter and six months ended on 30th September , 2026 were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on 14th October. 2026 . The Statutory Auditors have expressed an unmodified conclusion on these consolidated financial results.The review report has been filed with the stock exchanges and is available on the Holding Company's website . 2 As per Ind AS 108 - 'Operating Segments' , the Group has reported segment information under two segments i.e. 1) Transmission Equipment and 2) Material Handling Equipment (MHE). 3 Revenue from Operations and Other Income includes income for INR 2,529 lakhs and INR 975 lakhs respectively on account of settlement of arbitration claims against customers of MHE dlvlslon during the quarter ended on 30th June, 2025. 4 The Board of Directors of the Holding Company declared an interim dividend of INR 0.50/- per_ equity share of INR 1/- each. The record date for the payment Is 21st October, 2026. 5.a Eimco Elecon (India) Ltd. ceased to be an Associate effective 23rd April, 2025 and hence had been reclassified as financial asset with reporting at fair valued at each reporting date In accordance with Ind AS109. Accordingly , unrealised marl< to market gain of INR 8,047 lakhs (net of tax) till the date of termination has been credited to Statement or Profit and Loss and considered as an exceptional item In lhe half year ending on 30th September, 2025. After the date of termination , Unrealised gain/loss or the respective periods has been included In the Other Comprehensive Income in accordance with one time irrevocable option available under Ind AS. 5.b The Holding Company carried out an impairment analysis and assessed that the Goodwill does not have a specifically attributable cash flows. Accordingly , the carrying amount of INR 10, 177 Lakhs of Goodwill has been recognised as impairment loss and has been recognized in the Consol idated Statement or Profit and Loss under "Exceptional items" during the year ended 31st March, 2026. 6 Previous period figures have been regrouped I reclassified wherever necessary . Amounts reported are in INR Lakhs and are based on the actual amounts, and therefore, lhe sum of the components may not equal the total amount reported In INR Lakhs due to rounding. Cranes Rubber Industry Marine Industry Pla~lic Industry Power Industry Steel Industry Sugar Industry Mining Gearing industries. Gearing economies. ELECON ENGINEERING COMPANY LIMITED, Anand. - Sojitra Road, Vallabh Vidyanagar • 388 120, Gujarat, India. Tel.: +91 2692 238701, 238702 CIN L29100GJ1960PLC001082 ! infogear@elecon.com 1 www.elecon.com Cement Industry
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Continuation Sheet : UNAUDITED CONSOLIDATED SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER AND SIX MONTHS ENDED ON 30TH SEPTEMBER, 2026 (Amounts In INR Lakhs) Quarter ended Six months ended Vear ended Particulars 30Sep 2026 30 June 2026 30 Seo 2025 30 Seo 2026 30 Sep2025 31 March 2026 ·- (Unaudited) fUnauditedL (Unaudited) (Unaudited) (Unaudited} !Auditadl 1. SEGMENT REVENUE (a) Transmission Equipment 48,769 41,562 44,108 90,331 79,833 1,69,936 (b) Material Handling Equipment 15,865 11,164 14,602 27,029 28,435 71,250 Total 64,634 52,726 58,710 1,17,360 1,08,268 2,41,186 Less:Elimination of Inter division sales (740) (670) (897) (1,410) (1,398) (4,581) Net Sales ! Income from Operations 63,894 52,055 57,813 1.1 5,950 1,06,870 2,36,605 2. SEGMENT RESULTS PROFIT(+)/LOSS(-) BEFORE TAX AND INTEREST FROM EACH SEGMENT (a) Transmission Equipment 10,792 7,453 8,485 16,245 14,985 31,904 (b) Material Handling Equipment (refer note 3) 3,465 3,070 3,998 6,535 10,339 20,861 Total 14,257 10,523 12,483 24,780 25,324 52,785 Less :Elimination of Inter division profit (410) (380) (471) (790) (680) (2,503) Net segment proflt/(loss) before tax and interest 13,847 10,143 12,012 23,990 24,644 50,282 Less: I) Finance costs 1,033 811 569 1,844 1,184 2,491 ii) Other unallocated corporate overheads 1,847 1,696 1,538 3,543 3,451 7,157 iii) Unalloca ble Income (1,509) (1,680) (1,394) (3,189) (3,955) (6,943) iv) Exceptional items - (gain)noss (refer note 5.a and 5.b) - - - - (8,047) 2,130 Total Profit I (Loss) before tax 12,476 9,316 11,299 21,792 32,011 45,447 3. SEGMENT ASSETS (a) Transmission Equipment 1,93,147 1,82,191 1,69,554 1,93,147 1,69,554 1,73,159 (b) Material Handling Equipment 34,022 29,344 25,360 34,022 25,360 39,886 (c) Unallocated 1,29,031 1,19,314 1,04,726 1,29,031 1,04,726 1,10,323 Total 3,56,200 3,30,849 2,99,640 3,56,200 2,99,640 3,23,368 4. SEGMENT LIABILITIES (a) Transmission Equipment 82,805 78,333 56,675 82,805 56,675 64,753 (b} Material Handling Equipment 12,563 9,993 11,601 12,563 11,601 19,735 (c) Unallocated 9,902 5,931 6,955 9,902 6,955 8,295 Total 1,05,270 94-,257 75,231 1,05,270 75,231 92,783 5. NET CAPITAL EMPLOYED . 2,50,930 2,36,592 2,24,409 2,50,930 2,24,409 2,30,685 ~ssoct.i,.~ ~oo~~ n• D<-~ 8 _.... I ~ y jjj[ ~~ j ~ MUMBAI ~) ~AJ 0 Praya~alel - ~ ill \. Place : Vallabh Vidyanagar ~ Chainnan & Managing Director Date : 14th October, 2026 DIN : 00037394
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Continuation Sheet · El,ECON ENGINEERING COMPANY LIMITED UNAUDITED CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT 30TH SEPTEMBER, 2026 Particulars ASSETS I. Non-current assets (a) Property, plant and equipment (b) Capital work-in-progress (c) Right of Use Assets (d) Investment properties (e) Other intangible assets (f) Financial assets (i) Investments (ii) Other financial assets (g) Income tax assets (net) (h) Other non-current assets II. Current assets (a) Inventories (b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than (iii) above (v) Other financial assets (c) Other current assets Total Assets EQUITY AND LIABILITIES Equity (a) Equity share capital (b) Other equity LIABILITIES I. Non-current liabilities (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (b) Non-current provisions (c) Other Non-current liabilities (d) Deferred tax liabilities (net) II. Current liabilities (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables ·• •. F • (A) Total outstanding dues of micro and small enterprises (B) Total outstanding dues of creditors other than micro and small enterprises (iv) Other financial liabilities (b) Other current liabilities (c) Current provisions (d) Current tax liabilities (net) Total Liabilities Total Equity and Liabilities Place : Vallabh Vidyanagar Date : 14th October, 2026 !Amounts In INR Lakhs AS'ilt" As at 30 Sep 2026 31March2026 (Unaudited) (Audited) 63,263 58,293 4,160 2,311 38,473 29,463 2,486 2,491 2,596 2,717 22,933 14,839 3,898 13,832 1,575 1,286 4,833 2,667 1,44,217 1,27,899 37,050 30,115 68,734 59,436 60,246 72,051 12,497 16,923 17,249 4,341 4,920 4,636 11,287 7,967 2,11,983 1,95,469 3,56,200 3,23,368 2,244 2,244 2,48,686 2,28,341 2,50,930 2,30,585 - - 27,397 21,563 241 178 667 258 5,276 4.200 33,581 26,199 - - 8,739 5,702 13,940 9,833 18,288 19,004 10,382 9,595 16,933 19,028 2,187 2,437 1,220 985 71,689 66,584 1,05,270 92,783 3,56,200 3,23,368
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Continuation Sheet : ELECON ENGINEERING COMPANY LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR SIX MONTHS ENDED 30TH SEPTEMBER, 2026 (Amounts In INR Lakhs) - Si.x months ended Six mon ths ended Year ended Partic ulars 30 Sep 2026 30 Sep 2025 31 March 2026 (Unaudi ted) (Unaudited) (Audi ted) Cash flow from operating activities Profit before tax 21 ,792 32,011 45,447 Adj ustments for: Share of profit of associates - (61) (61) Depreciation and amortisation expense 6,236 4,982 10,424 Finance costs 1,844 1,184 2,491 (Gain)/loss on sale of investment (561) (118) (433) (Gain)/loss on fair valuation of investment (431) (742) (1,184) (Gain)/loss on sale of/discarded property , plant and equipment (net) (49) (30) (27) Interest income (2,381) (2,876) (5,011) Dividend income (41) (48) (91) Allowances for Expected Credit Loss (including Bad debts and advanced written off) (350) 71 706 Insurance claim receivable on property, plant and equipments - (338) - Exceptional income (Refer note 5 of Result page) (8,047) 2,130 Unrealised exchange (gain)/loss (33) 45 (269) Provision for other contractual liabilities , warranty and others (300) (215) (73) Liabilities written back {209) (11) (123) Rent Income {284) (227) (447) Allowances for Inventory 209 50 431 25,442 25,630 53,910 Working Capital Adjustments (lncrease)/Decrease in trade receivables 12,01 8 10,180 (10,954) (lncrease}/Decrease in inventories (7,144) (2,973) (6,250) (lncrease)/Decrease in financial assets 8 4 28 (lncrease)/Decrease in other current and non-current assets (3,462) (4,687) (2,683) (Decrease)/lncrease in trade payables 3,471 (7,034) 980 (Decrease)/lncrease in provisions, current and non-current liabilities (1 ,667) (1,284) 2,466 (Decrease)/lncrease in other financial liabilities 787 (37) 4,736 Cash generated from operations 29,453 19,799 42,233 Taxes paid (Net of Refund) (5,260) (5,410) (11 ,080) Net cash (used in)/generated from operating activities (A) 24,193 14,389 31,153 Cash flow from investing activities Payments for purchase of property , plant and equipment (11,117) (6,227) (11,952) Proceeds from sale of property , plant and equipment 133 375 2,299 Payments for purchase of investments (43,013) (39,160) (83,017) (lncrease)/Decrease in Bank balances other than cash and cash equivalents (2,347) (2,173) (1,221) Proceeds from sale of Investments 34,668 30,715 66,521 Interest received 1,693 2,529 4,874 Dividend received 41 48 91 Rent received 284 227 447 Net cash lused lnlloenerat ed from invest ino activities IBl {19,6581 113,666 l.21 ,9581
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Continuation Sheet : ' ELECON ENGINEERING COMPANY LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR SIX MONTHS ENDED 30TH SEPTEMBER, 2026 {Amounts in INR Lakhs) Six months ended Six months ended Year ended Partlculal'B 30 Sep 2026 30 Sep 2025 31 March 2026 (Unaud ited) (Unaudited) (Audited) Cash flow from financing activities Proceeds from non-current borrowings - (331) (331) Finance cost paid (1,896) (185) (347) Dividend paid (3,366) (3,366) (4,488) Principal payment of lease liabilities (3,959) (2,946) (7,016) Net cash (used in)/generated from financing activities (C) (9,221) (6,828) (12,182) Exchange Difference arising on conversion taken to Foreign Currency Translation Reserve (D) 260 2,131 4,026 Net lncrease/(Decrease) in cash and cash equivalents (A+B+C+D) (4,426) (3,974) 1,038 Cash and cash equivalents at the beginning of the year 16,923 15,885 15,885 Ci!Sh and cash equivalents at the end of the period 12,497 11,911 16,923 Components of cash and cash equivalents :- Cash on hand (below INR 1 Lakh) - 0 - Balances with banks -In current accounts 11,669 7,171 8,739 Deposits with bank (with maturity up to 3 months) 828 4,740 8.184 12,497 11,911 16,923 Notes: 1. Cash and cash equivalents includes positive balances in cash credit accounts with banks and form an integral part of the Group's cash management. 2. The above Statement of Cash Flow has been prepared under the "Indirect Method" as set out in Indian Accounting Standard (Ind AS 7) - Statement of Cash Flows. 3. In accordance with para 22 of Ind AS 7 - Statement of Cash Flows, cash flows from current borrowings have been reported on net basis since these being working capital facilities, the maturities are short. 4. During the period non cash transaction from investing and financing activities with respect to acquisition of Right to Use Assets with corresponding adjustment to Lease liabilities INR 12,847 lakhs (March 31, 2026: INR 13,954 lakhs) 5. Figures in brackets indicates cash outflow. 6. Previous period figures have been regrouped I reclassified wherever necessary. Place : Vallabh Vidyanagar Date : 14th October, 2026 Prayasvin Patel Chairman & Managing Director DIN : 00037394
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Independent Auditor's Review Report on Unaudited Quarterly and Year to Date Consolidated Financial Results of Elecon Engineering Con;1.pany Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. To The Board of Directors of Elecon Engineering Company Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Elecon Engineering Company Limited (hereinafter referred to as the 'the Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") for the quarter ended 30th September 2026 and year to date result for the' period 1st April, 2026 to 30th September, 2026 ("the Statement''), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Llsting Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"); 2. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 ('the Act') as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review; 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 ''Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants oflndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all. significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion; We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33 (8) of the Listing Regulations, to the extent applicable; 4. The Statement includes the results of the entities as mentioned in the Annexure enclosed herewith. 5. Based on our review conducted and procedures performed stated in paragraph 3 above, and based on the consideration of review reports of Subsidiaries' auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards specified under Section 133 of the Act as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed; or that it contains any material misstatement. 6. Other Matters a) The Statement includes the financial information of one subsidiary which has not been reviewed by us, whose financial results reflect total assets (before consolidated adjustment) of INR 22,166 lakhs as on 30th September, 2026, total revenue' (before consolidated adjustments) of INR 3,934 lakhs and INR 8,479 lakhs, total net profit after tax (before consolidated adjustment) of INR 967 lakhs and INR 1,939 lakhs, total other comprehensive income (before consolidated adjustment) of INR 967 lakhs and INR 1,939 lakhs for the quarter ended 30th September, 2026 and for .the period from 1st April, 2026 to 30th September, 2026, respectively, and cash inflows (net) (before consolidated adjustments) ofINR 1,545 lakhs for the period from ~ ~ssoc1.4,.~ Mistry Bhava~, 3rd Floor, Dinshaw Vachha Road, Churchgate, Mumbai 400 020. Tel: +91 22 6623 0600 ta~~ 501-502, Narain Chambers, M.G. Road, Vilt; Parle (E), Mumbai 400 057. Tel: +91 22 6250 7600 ~ MUMBAI ~ Website: www.cnkindia.com ~A~"t'. . MUMBAI I CHENNAI I VADODARA I AHMEDABAD I GIFT CITY I BENGALURU I DELHI I PUNE I KOLKATA ID ABU DHABI
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1st April, 2026 to 30th September, 2026, as considered in the Unaudited Consolidated Financial Results. These financial results have been reviewed by other auditors whose report has been furnished to us by the management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this Subsidiary, is based solely on the report of the other auditors and the procedures performed by us as stated in paragraph 3 above; This Subsidiary is located outside India whose financial information have been prepared in accordance with accounting principles generally accepted in the respective country and which have been reviewed by other auditors under generally accepted _ auditing standards applicable in their respective country. The Holding Company's management has converted the financial information of this subsidiary from accounting principles generally accepted in their respective country to accounting principles generally accepted in India. Our opinion in so far as it relates to the balances and affairs of this subsidiary is based on the reports of other auditors and the conversion adjustments prepared by the management of the Holding Company; b) The Statement includes the finll?cial information's of Twelve subsidiaries (including its wholly owned step down subsidiaries) which has not been reviewed by us, whose financial results reflect total assets (before consolidated adjustments) ofINR 35, 7 61 lakhs as on 30th September, 2026, total revenue (before consolidated adjustments) of INR 10,873 lakhs and INR 20,820 lakhs, total net profit after tax (before consolidated adjustments) of INR 1,299 lakhs and INR 1,819 lakhs, total other comprehensive income (before consolidated adjustments) of INR 1,057 lakhs and INR 1,369 lakhs for the quarter ended 30th September, 2026, and for the period from 1st April, 2026 to 30th September, 2026 respectively, and cash inflows (net) (before consolidated adjustments) of INR 975 lakhs for the period from 1st April, 2026 to 30th September, 2026, as considered in the Unaudited Consolidated Financial Results. These financial results have been furnished to us as certified by the management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these Subsidiaries, are based solely on thes~ management certified results; These Subsidiaries are located outside India whose financial information have been prepared in accordance with accounting principles generally accepted in the respective countries and which have been certified by the management of the respective subsidiaries. The Holding Company's management has converted the financial information of these subsidiaries from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. Our opinion in so far as it relates to the balances and affairs of these subsidiaries is based on the said financial information prepared by the management of the Holding Company; c) The statement also includes the Group's share of net profit after tax ofINR Nil and total other comprehensive income of INR Nil for the quarter ended 30th September, 2026 and for the period from 1st April, 2026 to 30th September, 2026, respectively as considered in the consolidated unaudited financial results in respect of three associates based on their financial information which have not been reviewed. According to the information and explanation given to us by Holding Company's management there are no transactions. Our opinion on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors in Para a) and the unaudited financial information certified by the Management as referred to in Para b) an? c) above. For C N K & Associates LLP Chartered Accountants Firm Rl!gistration Number: 10196 -Himanshu Kishnadwala Partner Membership No. 037391 UDIN: 26037391CDAEF09843 Place: V allabh Vidyanagar Date: 14th October 2026 I W-100036
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Annexure 1 Details of entities included in Consolidated unaudited financial results of the Elecon Engineering Company Limited for the quarter and half year ended 30th September 2026 Sr. Name of the Entitv Relationship 1. Radicon Transmission UK Limited (including its following wholly Wholly Owned Subsidiary owned step-down subsidiaries) a) Benzlers Systems AB b) AB Benzlers c) Radican Drive Systems Inc, d) Benzler Transmission A.S. e) Benzler TBA B.V. f) Benzler Antriebstechnik GmBH g) OY Benzler AB h) Benzlers Italia s.r.l 2. Elecon Singapore Pte. Limited (Including its following wholly Wholly Owned Subsidiary owned step-down subsidiary) Grupo Radicon SA de CV 3. Elecon Middle East FZCO (including its following wholly owned Wholly Owned Subsidiary step-down subsidiarv) Elecon llftdicon Africa (Pty) Ltd 4. Elecon En!lineering (Suzhou) Co. Limited* Associate 5. Elecon Africa Pty. Limited* Associate 6. Elecon Australia Ptv. Limited* Associate
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ELECON ENGINEERING COMPANY LIMITED Vallabh Vidyanagar, Gujarat, 14 th October 2026 – Elecon Engineering Company Limited, one of the largest Industrial Gear solution providers in Asia along with Material Handling Equipment, announced its unaudited Financial Result for the quarter & half -year ended 30 th September 2026 . Q2 & H1 FY27 Financial & Operational Performance Highlights Geography Wise (₹ Crs., %) Segment Wise (₹ Crs., %) Consolidated Financial Highlights – Q2 & H1 FY27 Consolidated Operational Highlights – Q2 & H1 FY27 * Adjusted Consolidated Revenue and EBITDA for H1 FY26 excludes Rs 25 crores of one-time income from arbitration income in MHE division. ** Adjusted PAT for H1 FY26 excludes Rs 19 crores (net of tax) as well as further Rs 7 crores (net of tax) of arbitration income booked under Other Income and Rs 80 crores (net of tax) of unrealised mark-to-market gain on reclassification of investment booked as Exceptional Income below PBT. Revenue * (₹ Crs.) EBITDA * (₹ Crs.) PAT ** (₹ Crs.) EBITDA Margin* (%) 21.7% 23.1% 23.9% 22.1% 22.2% Q2 FY26 Q2 FY27 H1 FY26 H1 FY26* H1 FY27 PAT Margin** (%) 15.2% 15.1% 17.1% 15.0% 14.4% Q2 FY26 Q2 FY27 H1 FY26 H1 FY26** H1 FY27 +140 bps 578 639 1,069 1,043 1,160 Q2 FY26 Q2 FY27 H1 FY26 H1 FY26* H1 FY27 +10.5% +8.5% +11.1% 126 148 256 231 257 Q2 FY26 Q2 FY27 H1 FY26 H1 FY26* H1 FY27 +17.7% +0.4% +11.4% 88 96 183 156 167 Q2 FY26 Q2 FY27 H1 FY26 H1 FY26** H1 FY27 +9.8% -8.8% +6.5% -180 bps +10 bps -10 bps -270 bps -60 bps H1 FY26* 798, 77% 245, 23% H1 FY27 850, 73% 309, 27% Domestic Overseas H1 FY26* 798, 77% 245, 23% H1 FY27 903, 78% 256, 22% Gear MHE
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Gear Division Our Gear division continued to deliver strong growth in Q2 FY27, with revenue increasing 10.6% Y-o-Y to ₹488 crores driven by disciplined execution, reinforcing the division’s strong contribution to our consolidated performance. EBIT for the quarter increased 27.2% Y-o-Y to ₹108 crores, while the EBIT margin expanded by 290 bps to 22.1%. The margin improvement was driven by outpacing in revenue growth, a favourable revenue mix, and supported by operating leverage. Order intake remained broadly stable at ₹493 crores during Q2, while H1 order intake grew 8.8% to ₹1,063 crores. Our open order book increased 37.0% Y-o-Y to ₹1,056 crores, providing healthy revenue visibility. MHE Division The MHE division registered a revenue growth of 10.4% Y-o-Y during Q2 FY27. While project execution improved compared to Q1, a further acceleration in execution is anticipated during the remainder of H2 FY27. The moderation in EBIT margin was primarily attributable to unfavorable product mix, increased input costs, and operating deleverage resulting from lower scale of operations on account of delayed clearances for the projects. Order momentum remained strong, with intake growing 32.5% to ₹253 crores in Q2, supported by overseas orders of ₹68 crores. The open order book increased 27.3% Y-o-Y to ₹579 crores, providing healthy execution visibility. Revenue ( ₹ Crs.) EBIT & Margin ( ₹ Crs. , %) Revenue (Rs. Crs .) EBIT & Margin (Rs. Crs .; %) 33.4 * Adjusted Revenue for H1 FY26 = Total Revenue less Arbitration Settlement Income of Rs 25 crores pertaining to one-time arbitration settlement. ** Adjusted EBIT for H1 FY26 = Reported EBIT less Arbitration Settlement Profit of Rs 25 crores pertaining to one-time arbitration settlement. Growth rate is calculated using the same. 441 488 798 903 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 +10.6% +13.1% 85 108 150 182 19.2% 22.1% 18.8% 20.2% Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 +27.2% +21.8% 137 151 270 245 256 Q2 FY26 Q2 FY27 H1 FY26 H1 FY26* H1 FY27 +10.4% +4.5% 35 31 97 71 57 25.7% 20.2% 35.7% 29.1% 22.4% Q2 FY26 Q2 FY27 H1 FY26 H1 FY26** H1 FY27 -13.4% -19.4%
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Commenting on the results, Mr. Prayasvin B. Patel, Chairman & Managing Director of Elecon Engineering Company Ltd. said, “Q2 FY27 marked another quarter of healthy performance for Elecon, with Consolidated Revenue growing 10.5% Y-o-Y to ₹639 crores, while EBITDA increased 17.7% to ₹148 crores. EBITDA margin expanded by 140 bps to 23.1%, supported by a higher contribution from the gear division, driven by disciplined execution and the ability to maintain operations through challenges. Profit After Tax stood at ₹96 crores, with a PAT margin of 15.1%. For H1 FY27, revenue stood at ₹1,160 crores, representing 11.1% growth over adjusted H1 FY26, while adjusted EBITDA grew 11.4% to ₹257 crores with a margin of 22.2%. Our Gear Division continued to drive growth, with Q2 revenue increasing 10.6% Y-o-Y to ₹488 crores and EBIT growing 27.2% to ₹108 crores, resulting in an improved EBIT margin of 22.1%. The division also maintained healthy momentum during H1 FY27, with revenue increasing 13.1% and EBIT growing 21.8%. The open order book for the division stood at ₹1,056 crores, providing a strong executable backlog. The Material Handling Equipment (MHE) Division reported Q2 revenue of ₹151 crores, registering growth of 10.4% Y-o-Y. However, EBIT margin moderated to 20.2%, due to an unfavorable product mix, and slower project execution. Encouragingly, MHE order intake grew 32.5% Y-o-Y to ₹253 crores, including overseas orders of ₹68 crores, while the open order book increased 27.3% to ₹579 crores. Our overseas business, comprising exports and overseas subsidiaries, continued to gain momentum, with revenue reaching ₹159 crores during Q2 FY27, and registering 30.6% Y-o-Y growth. While global macroeconomic and geopolitical uncertainties persist, we remain focused on strengthening our reach across international markets. Our consolidated order intake increased 8.4% Y-o-Y to ₹746 crores during Q2 FY27 and 15.3% to ₹1,501 crores during H1 FY27. The consolidated open order book stood at ₹1,635 crores as of 30th September 2026, up approximately 33% Y-o-Y, with healthy contributions from both divisions. Our robust order book not only provides strong revenue visibility but also reinforces our confidence in continuing to be the preferred choice of our customers. As we mark 75 years of Elecon, we remain focused on strengthening our leadership in industrial gear solutions and material handling equipment, expanding our international presence, and advancing our engineering and manufacturing capabilities to create sustainable long-term value for all our stakeholders.” H1FY27 Highlights Interim Dividend: Declared an interim dividend of Re. 0.50/- (i.e. 50%) per equity share of face value of Re. 1/- each Credit Ratings Update: Long Term moved up from [ICRA] AA (Stable) to [ICRA] AA (Positive), and Short Term reaffirmed to ST: [ICRA] A1+ Collateral Security Release: SBI Bank (Lead Banker) has released Collateral Security for Fund Based and Non-Fund Based Working Capital Limits. The Hypothecation of movable and immovable Fixed Assets incl. Plant & Machineries are now removed Secured Export Orders by MHE: Apart from Gear division, now MHE division has entered into global market with strong orders of approximately $ 9 Mn
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About Elecon Engineering Company Limited: Elecon Engineering Company Limited (ELECON) was established in 1951 and is one of the largest manufacturers of Industrial Gears and Material Handling Equipment with over seven decades of experience and expertise in Asia . The company has been able to establish its position as one of Asia’s largest and India’s largest Industrial Gear Manufacturing Company, having manufacturing facility spread over 3,35 ,000 Square Meter . The company has a strong global presence serving 95 + countries through a network of distributors, dealers and customer representatives . The product solutions include designing, manufacturing, supply, erection and commissioning of the products and are majorly used in Cement, Sugar, Defense, Steel, Mining and Power sector along with other sectors Safe Harbor This document may contain forward -looking statements about Elecon Engineering Company Limited and its Subsidiaries, which are based on the beliefs, opinions, and expectations of the company’s management as on the date of this Investor release and the companies do not assume any obligation to update their forward -looking statements if those beliefs, opinions, expectations, or other circumstances should change . These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict . Consequently, readers should not place any undue reliance on such forward -looking statements . For more information, please contact ELECON ENGINEERING COMPANY LIMITED CIN : L29100GJ1960PLC001082 Ashish Jain – Sr . Manager, Finance & Investor Relations – arjain@elecon .com For updates and specific queries, please visit www .elecon .com