Elecon's 23.15% operating margin leads seven reported Industrials peers
The consolidated quarter included Rs 19.79 cr of other income, while net profit reached Rs 96.35 cr.
Filed 14 Oct 2026, 13:19 IST · Elecon Engineering Company Ltd (ELECON)
Key takeaways
- Elecon reported consolidated operating profit of Rs 147.90 cr at a 23.15% margin, 5.85 percentage points above the Industrials peer median.
- Consolidated net profit was Rs 96.35 cr, while Rs 19.79 cr of other income formed part of pre-tax earnings.
- EPS stood at Rs 4.29 in Q2FY27, with no sequential or year-on-year comparison provided.
Price around the results
Operating margin leads the reported peer set
Elecon's consolidated operating profit of Rs 147.90 cr translated into a 23.15% operating margin. That was 5.85 percentage points above the 17.30% median for the seven Industrials peers that had reported the same quarter. The company ranked seventh from the bottom, placing it above all peers in this comparison.
Profit included a visible other-income contribution
Consolidated profit before tax was Rs 124.76 cr, alongside Rs 19.79 cr of other income. This means the quarter's pre-tax earnings were not generated solely by operations, so the operating margin remains the cleaner measure of the core business. Net profit was Rs 96.35 cr after a tax charge of Rs 28.41 cr.
Q2FY27 sets the comparison base
The quarter closed with consolidated revenue of Rs 638.94 cr and EPS of Rs 4.29. There is no sequential or year-on-year comparison in the reported data, and no multi-quarter trend is available. The next result will therefore provide the first direct read on whether the 23.15% operating margin is sustained.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹639 cr |
| Other income | ₹20 cr |
| Expenses | ₹491 cr |
| Operating profit | ₹148 cr |
| Operating margin (%) | 23.15% |
| Interest | ₹10 cr |
| Depreciation | ₹33 cr |
| Profit before tax | ₹125 cr |
| Tax | ₹28 cr |
| Net profit | ₹96 cr |
| EPS (₹) | ₹4.29 |
Operating margin of 23.15% compares with a Industrials sector median of 17.30% across 7 peers that have reported Q2FY27.
What to watch
- Whether consolidated operating margin remains above 23.15%.
- Whether other income stays below Rs 19.79 cr or becomes a larger part of pre-tax earnings.
- Whether EPS moves above or below Rs 4.29 in the next reported quarter.