Q2 2025 Elecon Engineering Company Ltd Earnings Call Transcript
Key Points
- Elecon Engineering Co Ltd (BOM:505700) reported a 4.8% year-on-year growth in consolidated revenue for Q2 FY25, reaching INR508 crore.
- The company achieved a significant 154% year-on-year increase in order inflows for the MHE division in Q2 FY25.
- Elecon's export contribution stands at 28% for H1 FY25, with a goal to increase overseas revenue contribution to 50% by FY30.
- The MHE division saw a robust revenue growth of 77.8% year-on-year, reaching INR210 crore in Q2 FY25.
- Elecon has made significant ESG commitments, prioritizing renewable energy sources and employee well-being and safety.
- The gear division's revenue for Q2 FY25 decreased by 5.9% year-on-year due to delayed order inflow and execution.
- The consolidated EBITDA for Q2 FY25 declined to INR112 crore from INR119 crore in Q2 FY24, with the EBITDA margin dropping to 22.1%.
- Higher freight costs and one-time repairs and maintenance expenses negatively impacted margins.
- The PAT margin for Q2 FY25 decreased by 100 basis points to 17.3% compared to Q2 FY24.
- The company faced challenges due to geopolitical tensions affecting freight routes, leading to increased costs.
Ladies and gentlemen, good day and welcome Elecon Engineering Company Limited, Q2 FY25 earnings conference call hosted by Elara Securities Private Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Harshit Kapadia from Elara Securities Private Limited. Thank you and over to you, sir.
Thank you, Steve. Good evening, everyone on behalf of Elara Securities. I welcome you all to the Q2 FY25 and H1 FY25 earnings conference call of Elecon Engineering Company Limited. We are pleased to have with us. The management team represented by Mr. Prayasvin Patel, Chairman and Managing Director; Mr. Kamlesh Shah, Group CFO; Mr. Narasimhan Raghunathan, CFO; and Senior management team of Elecon Engineering Company.
We will have the opening remarks from the management followed by a question and answer session. Thank you and over to you Prayasvin, sir.
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