ELECON ENGINEERING CO.LTD. - 505700 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Notice of Postal Ballot and e-voting schedule is attached.31-01-2024
31-01-2024
ELECON ENGINEERING CO.LTD. - 505700 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
With reference to the Regulation 30 of SEBI (LODR) Regulations, 2015 and in continuation of our letter dated 23rd January, 2024 regarding schedule of Investors Call, please find below the link of the audio recording of the said Investors Call for Q3 for the Financial Year 2023-24. The same is available on the website of the Company at https://www.elecon.com/investors/audio-video-recordings-and-transcripts-of-post-earnings-quarterly-calls29-01-2024
ELECON ENGINEERING CO.LTD. - 505700 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation of the Investor Call to be held on 29th January, 2024 is attached.27-01-2024
ELECON ENGINEERING CO.LTD. - 505700 - Announcement under Regulation 30 (LODR)-Newspaper Publication
The extract of Unaudited Financial Results for the quarter and nine months ended on 31st December, 2023 has been published in newspaper. Copies attached for reference.27-01-2024
Q3FY24 Quarterly & 9MFY24 Result Announced for Elecon Engineering Company Ltd.
Industrial Machinery company Elecon Engineering Company announced Q3FY24 & 9MFY24 results: Financial Performance Revenue: In Q3FY24, Elecon Engineering Company reported a revenue of Rs 474 crore, a 21.8% increase from Q3FY23. The revenue for 9MFY24 was Rs 1,373 crore, marking a 24.2% YoY increase. EBITDA: The EBITDA for Q3FY24 stood at Rs 120 crore, which is a 36% increase compared to Rs 89 crore in Q3FY23. The EBITDA margin improved by 265 basis points to 25.4% in Q3FY24. Profit After Tax (PAT): PAT for Q3FY24 saw a growth of 44.1%, reaching Rs 90 crore. The PAT margin increased by 300 basis points YoY to 19.1% in Q3FY24. Segment Performance Industrial Gear Division: The revenue for Q3FY24 was Rs 409 crore, with a significant YoY growth of 24%. EBIT for this segment in Q3FY24 was Rs 111 crore, a growth of 48% compared to the corresponding quarter last year. Material Handling Equipment (MHE) Division: Revenue for Q3FY24 stood at Rs 65 crore, an 8% increase YoY. The EBIT for this segment was Rs 12 crore for Q3FY24, a 38% increase YoY. Operational Highlights Capex: Invested Rs 26.0 crore up to 9MFY24 out of the planned Rs 70.0 crore for FY24. Arbitration Awards: Recovered Rs 37.2 crore out of Rs 63.0 crore by December 2023. Overseas OEM Business: Signed off Ten OEM businesses, with commercial production expected from FY25. Commenting on the results, Shri Prayasvin B. Patel, Chairman & Managing Director of Elecon Engineering Co. said, "Recent forecasts signal a promising trajectory for India's GDP, poised to achieve a commendable growth rate of 6.3% in 2024. Bolstered by the government's dedicated attention to infrastructure development, an amplified emphasis on domestic production, and technological advancements, Elecon Engineering stands strategically positioned to capitalize on significant growth opportunities. Our unwavering commitment to delivering a comprehensive range of solutions spanning sectors such as Cement, Power, Sugar, Steel, etc. more solidifies our enduring market leadership domestically, coupled with an expansion of our global presence in the gear segment. Our extensive network uniquely allows us to capture a substantial international market share. Continuous R&D; investments have yielded substantial process improvements, leading to industry-leading short lead times while maintaining an unwavering focus on delivering uncompromised quality. Our key focus pillars include expanding our overseas market share, progressively growing our MHE division in both products and after-sale services, maximizing opportunities within our existing markets, and extending our presence into newly added industries. Result PDF25-01-2024
ELECON ENGINEERING CO.LTD. - 505700 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release of Board Meeting held on 25th January, 2024 highlighting the performance of the Company for the quarter and nine months ended 31st December, 2023 is attached.25-01-2024
ELECON ENGINEERING CO.LTD. - 505700 - Announcement under Regulation 30 (LODR)-Change in Directorate
The details of change in Directors is attached.25-01-2024
ELECON ENGINEERING CO.LTD. - 505700 - Financial Result For The Quarter And Nine Months Ended On 31St December, 2023
Financial Result for the quarter and nine months ended on 31st December, 2023 is attached.25-01-2024
ELECON ENGINEERING CO.LTD. - 505700 - Board Meeting Outcome for Outcome Of Board Meeting Held On 25Th January, 2024
Outcome of Board meeting held on 25th January, 2024 is attached.25-01-2024
ELECON ENGINEERING CO.LTD. - 505700 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
The intimation relating to loss of share certificate of shareholder is attached.24-01-2024