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14h ago

Elecon Shares Sink Over 13% After Weak Q3 and Cut to FY26 Outlook

Management blamed delayed orders, rising employee costs and an adverse product mix for the margin squeeze.

Elecon Engineering shares dive over 13%; what triggered today's fall

Overview

  • Consolidated net profit fell 33% year-on-year to Rs 72 crore as revenue inched up 4.3% to about Rs 552 crore.
  • EBITDA declined roughly 23% with the margin sliding to 19.8% from around 27% a year earlier.
  • The company lowered its FY26 guidance, forecasting up to a 5% revenue decline and about a 2 percentage-point reduction in adjusted EBITDA margins.
  • Shares dropped more than 13% intraday to roughly Rs 435–440, touching a nine-month low after the results and guidance update.
  • Elecon reported a stronger orderbook of Rs 1,372 crore (up 24%) and order intake of Rs 701 crore (up 7%), and announced CFO Narasimhan Raghunathan’s resignation effective January 31, 2026.