Elecon Engineering Company Limited — Q1FY27 earnings call summary

Filed 18 July 2026 · Official transcript

Demand outlook cautious due to geopolitical risks; strong enquiry pipeline; execution delays in some MHE power sector orders expected to ease in Q2
FY27 guidance: low double-digit revenue growth; EBITDA margin stable; capex INR400 Cr over FY26-28
Commodity cost increased ~5% on average; price hikes taken; margin impact higher in MHE due to customization and project delays
MHE sustainable EBITDA margin guided at 22-24%; Gear EBITDA margin target ~24%
Q1 FY27 consolidated revenue grew 11.9% y-y to INR521 Cr; overseas revenue up 21.9% y-y to INR151 Cr
Mid-term target: INR5000 Cr revenue by FY30 with Gear ~70-75% and MHE ~25-30% share
Order book strong at INR1,518 Cr (+36.8% y-y); order intake up 23% y-y to INR755 Cr
Overseas order book up 73% y-y to INR256 Cr; MHE overseas order INR21 Cr