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Eimco Elecon Q3 PAT Doubles to ₹12.5 Cr; Approves ₹47.3 Cr Land Purchase for Expansion
Eimco Elecon reported a robust performance for Q3 FY26, with revenue from operations growing 37.5% YoY to ₹63.06 crore. Net profit for the quarter more than doubled to ₹12.52 crore compared to ₹6.19 crore in the same period last year. In a significant move for future growth, the board approved the acquisition of 35,056 square meters of land in Gujarat for approximately ₹47.33 crore. While the 9-month cumulative profit of ₹32.35 crore is slightly lower than the previous year's ₹34.03 crore, the strong quarterly recovery and expansion plans signal a positive outlook.
Key Highlights
Revenue from operations increased 37.5% YoY to ₹6,305.74 lakhs in Q3 FY26.
Net profit surged 102% YoY to ₹1,251.53 lakhs with EPS rising to ₹21.70 from ₹10.73.
Approved ₹47.33 crore cash purchase of 35,056 sq. meters of land in Kanjari, Gujarat for future expansion.
Quarter-on-quarter revenue grew by nearly 90% from ₹3,323.64 lakhs in Q2 FY26.
Company made a provision of ₹46.03 lakhs towards gratuity following the notification of new Labour Codes.
💼 Action for Investors
Investors should view the strong quarterly recovery and the significant land investment as a sign of management's confidence in future demand. Monitor the execution of the expansion plan and whether the Q3 momentum can be sustained to overcome the slower first half of the fiscal year.
Eimco Elecon Q3 Net Profit Jumps 102% YoY to ₹12.5 Cr; Approves ₹47 Cr Land Purchase
Eimco Elecon reported a strong Q3 FY26 performance with Revenue from Operations growing 37.6% YoY to ₹63.06 crore. Net Profit for the quarter doubled to ₹12.52 crore compared to ₹6.19 crore in the same period last year, driven by higher operational efficiency and increased other income. Additionally, the board approved a significant land acquisition of 35,056 sq. meters in Gujarat for ₹47.33 crore to support future growth. While the 9-month performance shows a slight decline in revenue, the sharp quarterly recovery is a positive signal for investors.
Key Highlights
Quarterly Revenue from Operations rose 37.6% YoY to ₹6,305.74 Lakhs from ₹4,583.74 Lakhs.
Net Profit for Q3 FY26 increased by 102% YoY to ₹1,251.53 Lakhs from ₹619.04 Lakhs.
Earnings Per Share (EPS) improved significantly to ₹21.70 from ₹10.73 in the previous year's quarter.
Board approved the purchase of 35,056 sq. meters of land in Gujarat for ₹4,733 Lakhs for future expansion.
Other Income grew significantly to ₹595.37 Lakhs compared to ₹277.94 Lakhs in Q3 FY25.
💼 Action for Investors
Investors should view the strong quarterly rebound and the strategic land acquisition as positive indicators of future capacity expansion. Monitor the execution of the new land project and the sustainability of the improved margins seen this quarter.
Eimco Elecon Amends MOA to Enter Defense, Pharma, and Construction Equipment Segments
Eimco Elecon (India) Limited has received shareholder approval via special resolution to significantly expand its business scope through an amended Memorandum of Association. The company is diversifying into high-growth sectors including defense platforms, arms, sensors, and electronic systems. Additionally, the new objects clause allows for entry into the pharmaceutical, medical equipment, and broader construction machinery industries. This strategic shift aligns the company's charter with the Companies Act, 2013, replacing the outdated 1956 framework.
Key Highlights
Shareholders approved the adoption of a new MOA via remote e-voting which concluded on December 27, 2025.
New Main Objects include the design and manufacture of defense platforms, embedded systems, and life support technologies.
The company is now authorized to engage in the business of pharmaceuticals, drugs, and medical diagnostic equipment.
Expanded scope includes all types of construction machinery and appliances for chemical, metallurgical, and infrastructure industries.
The MOA was updated to align with the Companies Act, 2013, replacing the previous version based on the 1956 Act.
💼 Action for Investors
Investors should watch for future announcements regarding capital expenditure or specific project bids in the defense and pharmaceutical sectors. While the expansion provides significant growth optionality, execution in these highly regulated industries will be key to long-term value creation.
Eimco Elecon Shareholders Approve MoA Changes and Promoter Re-classification with 99.99% Majority
Eimco Elecon (India) Limited has successfully passed three key resolutions via postal ballot with an overwhelming 99.99% majority. Shareholders approved the adoption of a new Memorandum of Association (MoA) aligned with the Companies Act, 2013, and an alteration to the company's Objects clause. Additionally, the re-classification of Tamrock Great Britain Holdings Limited from the 'Promoter Group' to the 'Public Category' was approved. Out of 2,881,070 total votes polled, 2,880,944 were in favor, reflecting strong shareholder alignment with management's proposals.
Key Highlights
Adoption of a new set of Memorandum of Association (MoA) passed with 99.9956% approval.
Alteration of the Objects clause in the MoA received 2,880,944 votes in favor and only 126 against.
Tamrock Great Britain Holdings Limited successfully re-classified from 'Promoter Group' to 'Public Category'.
Total voter turnout represented 49.9459% of the total 5,768,385 outstanding shares.
The voting process was conducted via remote e-voting from November 28 to December 27, 2025.
💼 Action for Investors
These changes are primarily administrative and governance-related, simplifying the company's regulatory framework and shareholding structure. Investors should note the promoter re-classification but no immediate impact on business fundamentals is expected.