Elecon Engineering Company (505700) Q4 24/25 earnings summary

Executive summary

• Achieved record-high quarterly and annual consolidated revenue, EBITDA, and PAT in FY25, surpassing guidance and reflecting strong operational execution and market demand.

• FY25 consolidated revenue reached INR 2,227 crore (+14.9% YoY), with Q4 revenue at INR 798 crore (+41.3% YoY).

• EBITDA for FY25 was INR 543 crore (24.4% margin), PAT INR 415 crore (18.6% margin), and international revenue contributed INR 517 crore (23% of total).

• Order book as of March 31, 2025, stood at INR 948 crore, up 19.1% YoY.

• Sustainability initiatives advanced, including SBTi approval and recognition for ESG practices.

Financial highlights

• Q4 FY25 consolidated revenue: INR 798 crore (+41.3% YoY); domestic revenue grew 48.8%, overseas 13.4%.

• Q4 EBITDA: INR 195 crore (+44.3% YoY), margin 24.5%; PAT: INR 146 crore, margin 18.4%.

• FY25 revenue: INR 2,227 crore (+14.9% YoY); EBITDA: INR 543 crore (+14.4% YoY), margin 24.4%; PAT: INR 415 crore (+16.7% YoY), margin 18.6%.

• Order intake for FY25: INR 2,380 crore (+19.4% YoY).

• Earnings per share (consolidated, FY25): INR 18.50 (basic and diluted).

Outlook and guidance

• FY26 revenue guidance: INR 2,650 crore, with an EBITDA margin of 24%.

• Gear Division expected to contribute INR 2,000 crore, MHE Division INR 650 crore; overseas revenue targeted at 27%-30%.

• Strategic goal to achieve 50% of consolidated revenue from international markets by FY30.

• Power sector seen as a major growth driver; sugar sector expected to be weak.

• Focus on product innovation and strengthening the MHE division.