Elecon Engineering Company Q2 FY25 results (Jul–Sep 2024) and concall

Elecon Engineering reported a mixed Q2 FY25 with consolidated revenue growing 4.8% YoY to INR 508 crores, driven by strong performance in the MHE division which saw 77.8% revenue growth and 154% order inflow increase. However, the gear division's revenue declined 5.9% due to delayed order inflows and execution. Overall margins were impacted by one-time maintenance costs, higher freight expenses, and an unfavorable product mix towards catalogue products. Management remains confident in achieving its full-year revenue and margin guidance, expecting faster execution in H2.