Elecon Engineering Co.Ltd. — Earnings Release 2026

Apr 15, 2026

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15[th] April, 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 : Press Release of Board Meeting held on Wednesday, 15[th] April, 2026 Ref : Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

In terms of the subject referred Regulation, please find enclosed herewith Press Release giving highlights on the performance of the Company for the Quarter and Financial Year ended on 31[st] March, 2026.

You are requested to take the same on your records.

Thanking you.

Yours faithfully,

For Elecon Engineering Company Limited,

Isarani Bhartiben Lalitkumar Digitally signed by Isarani Bhartiben Lalitkumar DN: c=IN, o=Personal, title=0260, pseudonym=13344004923474687732l9466G99GIEd, 2.5.4.20=c52a2198888be34c1add3d3f7036982173c1697fa1745ed6de6567e0103054b2, postalCode=388001, st=Gujarat, serialNumber=f4c51b6318e6acab9d278ccf2d6ca7b880331cffa3da32bef38e61c2c76bc835, cn=Isarani Bhartiben Lalitkumar Date: 2026.04.15 14:44:08 +05'30'

Bharti Isarani

Company Secretary & Compliance Officer

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Encl.: As above

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Investor Release

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Q4 & FY26 Financial & Operational Performance Highlights

Vallabh Vidyanagar, Gujarat, 15[th] April 2026 – Elecon Engineering Company Limited, one of the largest Industrial Gear solution providers in Asia along with Material Handling Equipment, announced its Audited Financial Result for the quarter and year ended on 31[st] March 2026.

– Consolidated Financial Highlights Q4 & FY26

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Revenue * (Rs Crs.) EBITDA * (Rs Crs.) PAT ^ (Rs Crs.)
+6.2% -4.5% -17.8%
+5.1% -9.1% -19.0%
-6.5% 2,227 2,341 2,366 -19.1% 548 498 523 415
-26.4% 336 341
798 746 195
158 146
108
Q4FY25 Q4FY26 FY25 FY26 FY26 Q4FY25 Q4FY26 FY25 FY26 FY26 Q4FY25 Q4FY26^ FY25 FY26 FY26
EBITDA Margin (%) PAT Margin^ (%)
-249 bps
-422 bps
-333 bps
-330 bps -391 bps -428 bps
24.5% 21.2% 24.6% 21.3% 22.1% 18.4% 14.5% 18.6% 14.4% 14.4%
Q4FY25 Q4FY26 FY25 FY26 FY26 Q4FY25 Q4FY26^ FY25 FY26 FY26
Consolidated Operational Highlights – Q4 & FY26
Geography Wise (Rs Crs., %) Segment Wise (Rs Crs., %)
Domestic Overseas +6.2% Gear MHE +6.2%
-6.5% 2,366 -6.5% 2,366
2,227 2,227
+8.4%
-3.6%
798 798
746 746
-7.9% -21.0%
1,854 1699
1,710 1763
662 610 (77%) (78%) 597 472 (79%) (72%)
(83%) (82%) (75%) (63%)
136 136 517 -1.0% 512 200 +36.8% 274 464 +43.6% 667
(17%) (18%) (23%) (22%) (25%) (37%) (21%) (28%)
Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26
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^ Adjusted PAT for Q4FY26 excluding Impairment loss of Goodwill, Rs 102 Crores recognized under Exceptional Item below PBT.

Adjusted Consolidated Revenue and EBITDA for_ _FY26* excluding Rs 25 crores of one-time income from arbitration income in MHE division.

_ Adjusted PAT for_ _FY26** excluding the above 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 as well as Impairment loss of Goodwill Rs 102 Crores recognized under Exceptional Item below PBT._

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Investor Release

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Gear Division

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Revenue (Rs. Crs) EBIT (Rs. Crs)
Margin 24.6 19.3 24.4 18.8
(%)
-3.6%
-25.8%
1,763 1,699
-21.0%
430
-38.1%
319
597
472 147
91
Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26
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• Revenue for Q4FY26 stood at Rs. 472 Crs. compared to Rs. 597 Crs. in Q4FY25, reflecting a decline of 21%. This decrease was primarily attributable to delays in order inflows, extended dispatch schedules, and the deferment of deliveries by customers amid ongoing global macroeconomic challenges.

• EBIT for Q4FY26 stood at Rs 91 Crs. compared to Rs 147 Crs. in Q4FY25 . EBIT Margin for the quarter stood at 19.3%. EBIT Margin was also impacted due to lower revenue, increase in employee costs and change in product mix .

• We continue to witness steady demand from domestic power, steel, cement, and MHE industries.

• This division did not record year-on-year growth during the year; however, a healthy open order book and encouraging inquiry pipeline provide good visibility for growth in the coming year.

MHE Division

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Revenue (Rs. Crs) EBIT (Rs. Crs)
Margin
(%) 29.6 22.8 28.4 24.7 27.6
+43.6% +39.6%
+38.1%
+20.4%
641 667 184
158
+36.8% +5.3%
464 132
274
200 59 62
Q4FY25 Q4FY26 FY25 FY26 FY26 Q4FY25 Q4FY26 FY25 FY26 FY26
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• Revenue for the quarter stood at Rs 274 Crs. compared to Rs 200 Crs. in the corresponding quarter last year, reflecting a robust growth of 36.8% Y-o-Y .

• EBIT for Q4FY26 stood at Rs 62 Crs. compared to Rs 59 Crs. in the corresponding quarter last year. The EBIT margin stood at 22.8% for the quarter.

• The division continues to secure new orders consistently in the domestic market and expects order inflows from international markets going forward.

• Healthy open order book and strong inquiry pipeline provide good visibility going forward.

Adjusted Revenue for_ _FY26* = Total Revenue less Arbitration Settlement Income of Rs 25 crores pertaining to one-time arbitration settlement.

• Adjusted EBIT for_ _FY26** = Reported EBIT less Arbitration Settlement Profit of Rs 25 crores pertaining to one-time arbitration settlement.

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Investor Release

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Highlights

Dividend: Proposed final dividend of Rs 1.50/- (i.e., 150%) per equity share (subject to shareholders approval).

Commenting on the results, Shri Prayasvin B. Patel, Chairman & Managing Director of Elecon Engineering Company Ltd. said,

“For Q4FY26, Elecon reported Consolidated Revenue of ₹ 746 crores, with an EBITDA of ₹ 158 crores and EBITDA margin at 21.2%, while Profit after Tax (PAT) was ₹ 108 crores (after excluding Impairment loss of Goodwill ₹ 102 Crores recognized as an exceptional item below PBT), translating into a PAT margins at 14.5% .

Order-in-take for the quarter was ₹ 657 crores , and open order book as at 31[st] March 2026 stood at ₹ 1,292 crores. The strong open order book, combined with a healthy order inflow outlook across markets, provides good visibility for the coming year.

Elecon continues to be a market leader in India for both Industrial Gear Solutions and Material Handling Equipment and continues to maintain the growth momentum in the domestic market. Despite near term global challenges, we remain focused on expanding our overseas business across multiple geographies. Our competitive edge is driven by advanced manufacturing capabilities, recently upgraded with state-of-the-art machinery, a comprehensive portfolio of high-quality products, and the ability to deliver custom-engineered solutions with optimized lead times, ensuring consistent and reliable performance for our diverse customer base.

During Q4 FY26, our Material Handling Equipment (MHE) division sustained its strong growth trajectory, reporting revenue of ₹274 crores , up 36.8% YoY, with an EBIT margin of 22.8%. With our strategic focus on product supply and expansion of aftermarket services, we expect this segment to maintain steady momentum going forward.

Revenue in the Gear Division for Q4 FY26 was ₹472 crores compared to Rs 597 crores in Q4FY25, with an EBIT margin of 19.3%. This decrease was primarily attributable to delays in order inflows, extended dispatch schedules, and the deferment of deliveries by customers amid ongoing global macroeconomic challenges. We are carrying a healthy open order book for next year which provides confidence in a growth recovery for this division in the coming year.

Demand remains healthy across both domestic and overseas markets. In India, sustained investment activity in key sectors such as power, steel, and cement is expected to drive growth. While geopolitical uncertainties persist, we are beginning to see early signs of recovery in our overseas business.

Our growth strategy remains focused on forging strategic alliances with global partners, continued investments in R&D and innovation, and scaling our high-growth MHE division. These initiatives position Elecon to outperform industry trends, expand its domestic and global presence, and deliver sustainable, profitable growth over the long term.”

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Investor Release

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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 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 facilities spread over 3,35,000 Square Meter. The company has a strong global presence, serving 100+ 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

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ELECON ENGINEERING COMPANY LIMITED

CIN: L29100GJ1960PLC001082

Ashish Jain – Manager, Finance & Investor Relations – arjain@elecon.com For updates and specific queries, please visit www.elecon.com

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