Elecon Q1 FY27: Revenue Hits a New First Quarter High as Order Book Expands

Consolidated revenue was INR 521.1 crores, EBITDA was INR 109 crores and PAT was INR 70 crores for Q1 FY27.

Order intake in Q1 FY27 was INR 755 crores and the consolidated open order book was INR 1,518 crores as of June 30, 2026.

Gear division revenue was INR 416 crores (up 16.3% YoY) and EBIT was INR 75 crores with an EBIT margin of 17.9%.

MHE revenue was INR 105 crores and EBIT margin was 25.6%. Management attributed margin decline to input cost increase, sales mix shift and lower throughput from execution delays.

Overseas revenue was INR 151 crores, contributing about 29% of consolidated revenue in Q1 FY27.

Management guided for low double-digit consolidated revenue growth in FY27 while maintaining EBITDA margin at last year’s level, citing macro uncertainty.

Management reiterated an approximately INR 400 crores capex program over FY26 to FY28 and stated it remains on track.