Synopsis:
Eimco Elecon’s Q2FY26 revenue and net profit fell 50 percent and 59 percent YoY, respectively, sending the stock down 13 percent. Interestingly, Vijay Kedia acquired a fresh stake just yesterday.
A capital goods stock fell sharply on Thursday after reporting a steep decline in Q2FY26 profits, with net profit down both YoY and QoQ. Sales and operating margins contracted significantly, reflecting weak order inflows and challenging demand conditions. Prominent investor Vijay Kedia acquired a fresh stake in the company yesterday.
Eimco Elecon (India) Ltd, with a market capitalization of Rs. 1,169.89 crore, opened at Rs. 2,380, touched an intraday low of Rs. 1,991.40, and had a previous close of Rs. 2,301, marking a decline of 13.5 percent from the previous close.
What’s the News?
Quarter-on-Quarter (QOQ) Performance: From Q1FY26 to Q2FY26, Eimco Elecon’s revenue declined from Rs. 67.57 crore to Rs. 33.24 crore, down 50.8 percent. Operating profit fell from Rs. 12.31 crore to Rs. 5.22 crore, a decline of 57.6 percent. PBT contracted from Rs. 18.41 crore to Rs. 6.89 crore, down 62.6 percent, while net profit dropped from Rs. 14.48 crore to Rs. 5.35 crore, a fall of 63.1 percent.
Year-on-Year (YOY) Performance: Compared to Q2FY25, revenue slipped from Rs. 66.63 crore to Rs. 33.24 crore, down 50.2 percent. Operating profit decreased from Rs. 15.09 crore to Rs. 5.22 crore, a 65.4 percent decline. PBT fell from Rs. 19.21 crore to Rs. 6.89 crore, down 64.1 percent, and net profit dropped from Rs. 13.06 crore to Rs. 5.35 crore, a decline of 59.0 percent.
Kedia Securities Private Limited is a investment firm based in Mumbai, India, run by famous stock investor Dr. Vijay Kedia. Kedia Securities purchased 57,441 shares of Eimco Elecon yesterday at Rs. 1,906.71 per share, investing approximately Rs. 10.95 crore.
Also Read: Ranji Trophy 2025: Bengal Announces 17 Member Squad for Upcoming 2025/26 Season
About the Company
Eimco Elecon (India) Limited is engaged in the manufacture and sale of equipment catering to India’s mining and construction sectors. Its offerings include air motors, chair lift man-riding systems, coal haulers, drill machines, load haul dumpers, dump trucks, piling rigs, rocker shovel loaders, side dump loaders, wheel loaders, and complete continuous miner packages. The company also exports its products and has established a strong presence internationally. Founded in 1974, Eimco Elecon is headquartered in Vallabh Vidyanagar, India.
Written By Manan Gangwar
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
