Earnings call transcript: Elecon Engineering posts stronger Q2 FY27 growth
Elecon Engineering Company Ltd. revealed stronger second-quarter results for fiscal 2027, with revenue up 10.5% year on year and EBITDA increasing 17.7% as margins improved. Overseas revenue rose significantly, growing 30.6% to INR 159 crore. The company's gear division posted strong margin improvement, with EBIT margin reaching 22.1%. Management expressed optimism about the second half of the fiscal year, citing improved project clearances and a healthy order book despite macroeconomic headwinds and execution delays.
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