Elantas Beck India Ltd (500123)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Elantas Beck's revenue was ₹283 Cr (+34.8% year on year, +27.5% on the previous quarter), and net profit ₹71.0 Cr (+82.1% year on year); the operating margin was 29.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹283 | +34.8% | +27.5% |
| Operating profit | ₹82.0 | +105.0% | +90.7% |
| Net profit | ₹71.0 | +82.1% | +129.0% |
| EPS (₹) | 89.38 | +80.3% | +128.0% |
| Operating margin | 29.0% | — | — |
📢 Recent Corporate Announcements
Elantas Beck India reported a robust Q2 2026 (Jan-Dec fiscal) with revenue growing 35% YoY to ₹283.39 Cr. Net profit surged 80% YoY to ₹70.86 Cr, driven by strong performance in both segments and significant operating leverage. The Electrical Insulations segment saw profit more than double, while the Engineering & Electronic Resins segment revenue grew by 56.5%. The company remains debt-free with a substantial cash and investment position of ₹718.21 Cr.
- Revenue from operations increased 35% YoY to ₹283.39 Cr from ₹209.93 Cr.
- Net Profit surged 80% YoY to ₹70.86 Cr, contributing nearly 49% of TTM PAT in a single quarter.
- Engineering & Electronic Resins segment revenue grew 56.5% YoY to ₹58.84 Cr.
- Electrical Insulations segment profit increased 110.5% YoY to ₹55.59 Cr.
- Cash, bank balances, and short-term investments totaled ₹718.21 Cr as of June 30, 2026.
Elantas Beck India reported a robust Q1 FY27 with revenue from operations growing 35% YoY to ₹283.39 Cr. Net profit surged 80.3% YoY to ₹70.86 Cr, driven by strong performance in both the Electrical Insulations and Engineering Resins segments. Operating efficiency improved significantly as total expenses grew by only 18.4% despite the 35% revenue jump. The company maintains a debt-free balance sheet with cash and current investments totaling ₹707.08 Cr as of June 30, 2026.
- Net Profit increased 80.3% YoY to ₹70.86 Cr from ₹39.29 Cr in the previous year's quarter.
- Revenue from operations grew 35% YoY to ₹283.39 Cr, representing ~33% of the TTM revenue.
- Electrical Insulations segment profit more than doubled, rising 110.6% YoY to ₹55.59 Cr.
- Engineering & Electronic Resins segment revenue grew 56.5% YoY to ₹58.84 Cr.
- Cash and current investments stood at ₹707.08 Cr, providing significant liquidity for future projects.
Elantas Beck India Ltd has scheduled a board meeting on August 4, 2026, to consider and approve unaudited financial results for the quarter and half-year ended June 30, 2026. The company reported a revenue of ₹222 crore and a PAT of ₹31 crore in the preceding quarter (March 2026). The trading window for designated persons has been closed since July 1, 2026, in compliance with insider trading regulations. Investors will be monitoring if the company can maintain its TTM operating margin of 20.3% amidst manufacturing sector sensitivities.
- Board meeting scheduled for 04/08/2026 to approve Q2 and H1 FY2026 results
- Trading window closed from 01/07/2026 until 48 hours after result declaration
- Previous quarter (Mar 2026) revenue was ₹222.0 crore with an EPS of ₹39.2
- TTM revenue stands at ₹864 crore with a net profit of ₹145 crore
- Company maintains a debt-free balance sheet with a net worth of ₹1008 crore
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents. The company operates in segments including Wire Enamels, Construction Chemicals, Engineering Materials, and Electrical Insulation (EL-II & EC).
Geographic Revenue Split
Not disclosed in available documents. The company has a manufacturing presence in Pimpri (Pune) and Ankleshwar.
Profitability Margins
Not disclosed in available documents. The company maintains an unmodified opinion in its audit report, indicating reliable financial reporting.
Capital Expenditure
Not disclosed in available documents. The company has a dedicated GM for Engineering, Maintenance & New Projects, indicating ongoing capital management.
Credit Rating & Borrowing
Not disclosed in available documents. The company did not raise funds through preferential allotment or qualified institutions placement during 2024.
Operational Drivers
Raw Materials
Chemical resins, solvents, and specialty additives used for Wire Enamels and Construction Chemicals. Specific percentage of total cost is not disclosed.
Capacity Expansion
Current installed capacity is not specified. The company has a 'Head - New Projects' and 'GM - Engineering, Maintenance & New Projects' to manage operational growth.
Raw Material Costs
Not disclosed in available documents. The company monitors commodity price risks, although it states it does not deal directly in commodities.
Manufacturing Efficiency
Not disclosed in available documents. Manufacturing operations are overseen by a Vice President of Manufacturing Operations.
Strategic Growth
Growth Strategy
The company focuses on market development in specialized segments such as Wire Enamels, Construction Chemicals, and Engineering Materials. Growth is supported by a dedicated R&D head and a 'Head - New Projects' to drive product innovation and market expansion.
Products & Services
Wire Enamels, Construction Chemicals, Engineering Materials, Electrical Insulation (EL-II & EC), and Low Voltage (LV) insulation products.
Brand Portfolio
ELANTAS
Market Expansion
Targeting growth in Wire Enamels and Construction Chemicals; specific regional timelines are not disclosed.
Strategic Alliances
The company is a part of the global ALTANA Group, providing access to international technical expertise.
External Factors
Industry Trends
Growing demand for high-performance insulation materials in the electrical machinery and infrastructure sectors. The industry is evolving toward higher sustainability and ESG compliance, which the company is monitoring through its Risk Management Committee.
Competitive Landscape
The company competes in the specialty chemicals and electrical insulation market; key competitors are not named in the documents.
Competitive Moat
Technical leadership in wire enamels and electrical insulation, supported by the global R&D network of the ALTANA Group. This provides a durable competitive advantage in specialized chemical formulations.
Macro Economic Sensitivity
Highly sensitive to manufacturing sector GDP and infrastructure spending due to its product mix in wire enamels and construction chemicals.
Consumer Behavior
Shift toward higher quality and more durable construction chemicals and engineering materials in the industrial sector.
Regulatory & Governance
Industry Regulations
Compliance with SEBI Listing Regulations, the Companies Act 2013, and SEBI (Prohibition of Insider Trading) Regulations 2015.
Environmental Compliance
ESG-related risks are monitored by the Risk Management Committee; specific compliance costs are not disclosed.
Legal Contingencies
The company reported NIL investor complaints filed, disposed of, or pending for the financial year ended December 31, 2024. Aggregate fees of INR 64.76 lakh were paid to statutory auditors for various services.
Risk Analysis
Key Uncertainties
Cyber security risks and sectoral risks are identified as key business uncertainties with potential impacts on operational continuity.
Third Party Dependencies
The company oversees the performance of its Registrar & Share Transfer Agent (MUFG Intime India Private Limited) to ensure service standards.
Technology Obsolescence Risk
The company manages technology risks through a dedicated Head of IT-Infrastructure and a VP of IT and Procurement.
Credit & Counterparty Risk
The company has not provided any loans or advances to firms/companies in which Directors are interested, reducing counterparty risk.
