Elecon Engineering Company (505700) Q4 23/24 earnings summary

Executive summary

• Achieved record consolidated revenue of ₹1,93,742 lakhs in FY24, up 26.7% year-over-year, and highest-ever consolidated PAT of ₹35,558 lakhs, up 49.7% year-over-year.

• Gear Division and Material Handling Equipment (MHE) Division both delivered strong growth, with Gear revenue up 25.2% and MHE revenue up 35.5% from FY23.

• Robust order book of ₹79,543 lakhs as of March 31, 2024, supporting future growth.

Financial highlights

• Consolidated revenue: ₹1,93,742 lakhs (FY24) vs ₹1,52,968 lakhs (FY23), up 26.7%.

• Consolidated EBITDA: ₹47,447 lakhs (FY24) vs ₹33,888 lakhs (FY23), up 40%.

• Consolidated PAT: ₹35,558 lakhs (FY24) vs ₹23,749 lakhs (FY23), up 49.7%.

• Standalone revenue: ₹1,59,967 lakhs (FY24) vs ₹1,19,699 lakhs (FY23), up 33.6%.

• Standalone PAT: ₹30,316 lakhs (FY24) vs ₹18,815 lakhs (FY23), up 61.1%.

• Final dividend of ₹2 per share (100%) recommended, with interim dividend of ₹1 per share (50%) already paid.

Outlook and guidance

• Confident in sustaining growth in FY25, supported by a robust order pipeline and successful commercialization of overseas orders.

• Focus on expanding global network, increasing overseas business share, and maintaining domestic leadership.

• Continued investment in R&D and product enhancements to drive innovation.