Elecon Engineering Company reported a consolidated net profit of ₹96 crore for the July‑September quarter (Q2 FY27), a 9% increase from ₹88 crore in the same period last year. The company’s revenue from operations rose 10.5% year‑on‑year to ₹639 crore, up from ₹578 crore in Q2 FY26. Operating profit, or EBITDA, climbed 17.5% to ₹148 crore versus ₹126 crore in the corresponding quarter of the previous fiscal year, lifting the EBITDA margin to 23.1% from 21.73% in Q2 FY26.

The firm’s open order book stood at ₹1,635 crore by the end of the reporting quarter, an approximate 33% year‑on‑year rise. Overseas business, comprising exports and overseas subsidiaries, gained momentum with revenue reaching ₹159 crore during Q2 FY27, registering 30.6% year‑on‑year growth. Chairman and Managing Director Prayasvin B. Patel highlighted that despite global macroeconomic and geopolitical uncertainties, the company remains focused on strengthening its reach across international markets.

For the first half of FY27, Elecon’s net profit declined 36.5% to ₹167 crore from ₹263 crore year‑on‑year, while revenue from operations grew 8.5% to ₹1,160 crore against ₹1,069 crore in H1 FY26. Adjusted profit after tax for H1 FY26 excludes ₹19 crore net of tax and ₹7 crore net of tax in arbitration income, and also excludes ₹80 crore net of tax in unrealised mark‑to‑market gains on reclassification of investments, booked as exceptional income below PBT.

The board declared an interim dividend for FY27 at ₹0.50 per equity share of ₹1 each, a 50% payout. The record date is set for October 21, 2026, and the dividend will be paid to all shareholders after November 4, 2026. The company’s market capitalisation as of October 14 stands at ₹11,018.04 crore, according to NSE data.

Segment‑wise, the gear division’s order intake remained broadly stable at ₹493 crore, while H1 order intake grew 8.8% to ₹1,063 crore. The open order book for the gear segment increased 37% year‑on‑year to ₹1,056 crore, providing healthy revenue visibility. Revenue in the gear segment rose 10.6% year‑on‑year to ₹488 crore, reinforcing its contribution to consolidated performance.

The MHE segment maintained strong order momentum, with intake growing 32.5% to ₹253 crore in Q2, supported by overseas orders of ₹68 crore. The division registered a revenue growth of 10.4% year‑on‑year in Q2 FY27. Following the earnings announcement, Elecon Engineering shares surged 14% to an intraday high of ₹501.8, with the stock trading at ₹490.65 at 2:01 PM, an 11.51% jump.