Elecon Engineering Co.Ltd. — Earnings Release 2026

Jan 8, 2026

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8[th] January, 2026

To,

The Manager (Listing), The Manager (Listing), The BSE Ltd. National Stock Exchange of India Ltd. Mumbai Mumbai Company’s Scrip Code: 505700 Company’s Scrip Code: ELECON

Sub. : Press Release of Board Meeting held on Thursday, 8[th] January, 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 & nine months ended on 31[st] December, 2025.

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: 2026.01.08 18:12:48 +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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Q3 & 9M FY26 Financial & Operational Performance Highlights

Vallabh Vidyanagar, Gujarat, 8[th] January 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 and nine months ended 31[st] December 2025.

– Consolidated Financial Highlights Q3 & 9M FY26

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Revenue * (Rs Crs.) EBITDA * (Rs Crs.) PAT ** (Rs Crs.)
+13.4% +5.1%
+24.8%
+11.6% -2.1%
-15.0%
+4.3% 1,429 1,595 1,620 -23.4% 347 340 365 -33.1% 335
269
228
529 552 143 109 108
72
Q3FY25 Q3FY26 9MFY25 9MFY26 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 9MFY26
EBITDA Margin (%) PAT Margin (%)
-176 bps
+189 bps
-299 bps
-717 bps -729 bps -447 bps
27.0% 19.8% 24.3% 21.3% 22.5% 20.3% 18.8% 20.7%
13.0% 14.3%
Q3FY25 Q3FY26 9MFY25 9MFY26 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 9MFY26
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Consolidated Operational Highlights – Q3 & 9M FY26

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Geography Wise (Rs Crs., %) Segment Wise (Rs Crs., %)
Domestic Overseas Gear MHE
+13.4% +13.4%
+4.3%
+4.3%
1,620 529 552 1,620
552 1,429 +1.3% 1,429
529 +18.7% +5.4%
+4.5%
403 421 1,048 1,245(77%) 423 (78%)429 1165 (76%)1227
(76%) (76%) (73%) (80%) (82%)
126 +3.6% 131 381 -1.4% 376 105 +16.3% 123 264 +48.7% 393
(24%) (24%) (27%) (23%) (20%) (22%) (18%) (24%)
Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26
Adjusted Consolidated Revenue and EBITDA for 9MFY26 excluding Rs 25 crores of one-time income from arbitration income in MHE division.
Adjusted PAT for 9MFY26 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 booked as Exceptional Income below PBT.
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Despite near-term softness, 9M performance was strong. FY26 Revenue Guidance may be lower by upto ~5%, while Adjusted EBITDA margins may be lower by upto ~2%. Going forward, improvement is expected considering healthy order book and robust inquiry pipeline.

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Investor Release

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Gear Division

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Revenue (Rs. Crs) EBIT (Rs. Crs)
Margin 27.8 18.2 24.4 18.6
(%)
+5.4%
-19.9%
1,227
1,165
285
+1.3% -33.6%
228
423 429 118
78
Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26
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• Revenue for Q3FY26 stood at Rs. 429 Crs. compared to Rs. 423 Crs. in Q3FY25, growth remained flat , primarily due to delays in order inflows during H1 FY26, which consequently impacted execution and differed dispatch delivery schedule by customers.

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

• EBIT for Q3FY26 stood at Rs 78 Crs. compared to Rs 118 Crs. in Q3FY25 . EBIT Margin for the quarter stood at 18.2%. EBIT Margin was impacted due to flat revenue performance, increase in employee costs and change in product mix.

• However, healthy open orders and encouraging inquiries levels provide good visibility and confidence for revenue improvement and recovery in margin going forward.

MHE Division

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Revenue (Rs. Crs) EBIT (Rs. Crs)
Margin
(%) 30.9 20.2 27.4 26.1 30.9
+48.7%
+67.6%
+39.1%
+32.7%
393 121
368
+16.3% 264 -24.0% 96
72
105 123 33 25
Q3FY25 Q3FY26 9MFY25 9MFY26 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 9MFY26
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• Revenue for the quarter stood at Rs 123 Crs. compared to Rs 105 Crs. in the corresponding quarter last year, a growth of 16.3% Y-o-Y .

• EBIT for Q3FY26 stood at Rs 25 Crs. The EBIT margin stood at 20.2% as against 30.9% in Q3FY25. During the quarter EBIT margin was impacted due to unfavorable product mix.

• The division continues to secure new orders consistently in the domestic market and expects order inflows from international markets going forward. A healthy open order book and strong inquiry pipeline provide confidence for improved performance ahead.

* Adjusted Revenue for 9MFY26 = Total Revenue less Arbitration Settlement Income of Rs 25 crores pertaining to one-time arbitration settlement. ** Adjusted EBIT for 9MFY26 = 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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Commenting on the results, Shri Prayasvin B. Patel, Chairman & Managing Director of Elecon Engineering Company Ltd. Said,

“For Q3FY26, Elecon reported Consolidated Revenue of ₹ 552 crores , reflecting a growth of 4.3% on a Y-o-Y basis. EBITDA for the quarter stood at ₹ 109 crores , with an EBITDA margin at 19.8%, while Profit after Tax (PAT) was ₹ 72 crores, resulting in PAT margins at 13.0% . Order-in-take for the quarter was ₹ 701 crores , and our order book as at 31[st] December 2025 stood at ₹ 1,372 crores. The strong order book, combined with a healthy order inflow outlook across both domestic and overseas markets, provides good visibility and confidence going forward.

Elecon continues to be a market leader in India for both Industrial Gear Solutions and Material Handling Equipment, successfully harnessing the growth momentum in the domestic market. At the same time, we are 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 customers.

During Q3 FY26, our Material Handling Equipment (MHE) division sustained its strong growth trajectory, reporting revenue of ₹123 crores , up 16.3% YoY, with an EBIT margin of 20.2%. With our strategic focus on product supply and expansion of aftermarket services, we expect this segment to maintain steady momentum going forward. Our Gear division delivered a resilient performance, reporting revenue of ₹429 crores , up 1.3% YoY, with an EBIT margin of 18.2%.

Demand remains healthy across both domestic and overseas markets. In India, sustained investment activity in key sectors such as steel, power, and cement is expected to drive growth. The overseas business is also showing signs of recovery, with consistent traction and encouraging enquiry levels across multiple 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 continued brand-building initiatives 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.”

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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 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

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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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