Other income rose 60.84% to Rs 18.32 crore.  PBIDT rose 16% to Rs 143.96 crore.  Provision for interest rose 160% to Rs 5.69 crore.   PBDT rose 14% to Rs 138.27 crore.  Provision for depreciation rose 93% to Rs 25.28 crore.  Profit before tax grew 4.26% to Rs 112.99 crore.   Provision for tax was expense of Rs 25.27 crore, compared to Rs 22.82 crore.  PAT was up 3% to Rs 87.72 crore. 

• Sales of Material Handling Equipment segment has gone up 32.28% to Rs 146.02 crore (accounting for 24.87% of total sales).  Sales of Transmission Equipment segment has gone up 10.89% to Rs 441.08 crore (accounting for 75.13% of total sales).  
• Profit before interest, tax and other unallocable items (PBIT) has jumped 12.57% to Rs 124.83 crore.  PBIT of Material Handling Equipment segment rose 36.59% to Rs 39.98 crore (accounting for 32.03% of total PBIT).  PBIT of Transmission Equipment segment rose 3.96% to Rs 84.85 crore (accounting for 67.97% of total PBIT).  
• PBIT margin of Material Handling Equipment segment rose from 26.52% to 27.38%.  PBIT margin of Transmission Equipment segment fell from 20.52% to 19.24% impacted by increased employee cost and change in product mix, as well as accelerated depreciation on recent asset capitalized.  Overall PBIT margin fell from 21.82% to 21.26%.  

For year-to-date (YTD) results analysis.

Net sales (including other operating income) of Elecon Engineering Company has increased 18.68% to Rs 1068.7 crore.  

Operating profit margin has jumped from 22.73% to 23.95%, leading to 25.04% rise in operating profit to Rs 255.94 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 45.27% to 45.09%.   Employee cost increased from 10.25% to 10.84%.   Other expenses fell from 22.00% to 20.35%.   Other direct service cost fell from 8.06% to 7.92%.   

Other income rose 73.32% to Rs 44.75 crore.  PBIDT rose 30.45% to Rs 300.69 crore.  Provision for interest rose 164.29% to Rs 11.84 crore.    Provision for depreciation rose 91.91% to Rs 49.82 crore.  Profit before tax grew 19.48% to Rs 239.03 crore.  

EO income was Rs 80.47 crore against nil. Thus PBT After EO was up 60% to Rs  319.50 crore. Provision for tax was expense of Rs 56.95 crore, compared to Rs 43.61 crore.   

 Share of profit/loss from associates was 86.83% lower at Rs 0.61 crore. Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 63.37% to Rs 263.16 crore.  

• Revenue from Operations and Other Income for half period ended Sep 2025 includes income  of Rs 25.29 crore and Rs 9.75 crore  respectively on account of settlement of arbitration claims against customers of MHE division. 
• Sales of Material Handling Equipment segment has gone up 68.61% to Rs 284.35 crore (accounting for 26.26% of total sales).  Sales of Transmission Equipment segment has gone up 9.07% to Rs 798.33 crore (accounting for 73.74% of total sales).  
• Profit before interest, tax and other unallocable items (PBIT) has jumped 23.76% to Rs 253.24 crore.  PBIT of Material Handling Equipment segment rose 132.91% to Rs 103.39 crore (accounting for 40.83% of total PBIT).  PBIT of Transmission Equipment segment fell 6.48% to Rs 149.85 crore (accounting for 59.17% of total PBIT).  
• PBIT margin of Material Handling Equipment segment rose from 26.32% to 36.36% boosted by settlement of arbitration claim with customers.  PBIT margin of Transmission Equipment segment fell from 21.89% to 18.77%.  Overall PBIT margin rose from 22.72% to 23.39%.  

Cash flow from operating activities increased to Rs 165.20 crore for YTD ended September 2025 from Rs 127.20 crore for YTD ended September 2024.  Cash flow used in acquiring fixed assets during the YTD ended September 2025 stood at Rs 62.27 crore, compared to Rs 39.75 crore during the YTD ended September 2024.  

Commenting on the results, Shri Prayasvin B. Patel, Chairman & Managing Director of Elecon Engineering Company Ltd. Said, “For Q2FY26, Elecon reported Consolidated Revenue of ? 578 crores, reflecting a growth of 13.8% on a Y-o-Y basis. EBITDA for the quarter stood at ? 126 crores, with an EBITDA margin at 21.7%, while Profit after Tax (PAT) was ? 88 crores, resulting in PAT margins at 15.2%. The Order-in-take for the quarter was ? 688 crores with a growth of 28% YoY. Our current order book, along with Order-in-take outlook across both domestic and overseas markets, reinforces our confidence in meeting the full-year guidance. Elecon continues to be a leader in the Indian market for both Industrial Gear Solutions and Material Handling Equipment and is able to harness the growth momentum in India. We continue to focus on overseas business across different geographies. Our competitive edge is driven by advanced manufacturing capabilities which has been upgraded with latest machines in past 3 years, a comprehensive portfolio of high-quality products, and the ability to deliver custom-engineered solutions with optimized lead times, ensuring consistent and quality products for our diversified customers. During Q2FY26, our Material Handling Equipment (MHE) division sustained its strong growth trajectory, delivering 33.0% YoY growth in revenue along with uptick in margins. As we pivot towards product supply and expand our aftermarket services, we expect this segment to maintain steady momentum in the years ahead. Our Gear division also demonstrated a resilient performance, registering 8.9% YoY revenue growth and EBIT margin stood at 19.2%. We are seeing healthy demand in both, domestic and overseas markets. In India, we are witnessing sustained investment activity in our key sectors — steel, power, and cement — which is expected to drive growth. The overseas business too remains on a solid footing, with consistent traction and encouraging enquiry levels across various geographies. We are steadily advancing towards our strategic objective of generating 50% of our consolidated revenue from international markets by FY30. Strengthening relationships with global OEMs and sustained brand-building initiatives continue to reinforce our confidence in achieving this milestone. Our growth strategy is underpinned by strategic alliances with international partners, Continued investments in R&D and innovation, and a focused push to scale our high-growth MHE division. These initiatives collectively position Elecon to outperform industry trends, expand our domestic and global presence, and most importantly, deliver sustainable, profitable growth.”

Equity capital stood at Rs 22.44 crore as of 30 September 2025 to Rs 22.44 crore as of 30 September 2024.  Per share face Value remained same at Rs 1.00.  

Promoters’ stake was 59.27% as of 30 September 2025 ,compared to 59.27% as of 30 September 2024 and   59.27% as of 30 June 2025 .