The shares of an industrial equipment manufacturer, engaged in providing underground mining and construction solutions, slumped up to 12% after the company posted a weak set of Q1 FY26 numbers.
With a market capitalization of Rs 1,442 Crores, the share price of Eimco Elecon (India) Limited was trading almost 12% down to hit an intraday low of Rs 2431.80 per share from its previous closing price of Rs 2752.85 per share.
Q1FY26 Results
Eimco Elecon (India) Ltd reported a mixed performance in its Q1 FY26 financial results, with a slight dip in profitability and annual revenue but some sequential improvement.
The company’s revenue stood at Rs 67.56 crore in Q1 FY26, marking a 3% decline year-on-year from Rs 69.72 crore in Q1 FY25. However, on a quarter-on-quarter basis, revenue rose 5% from Rs 64.29 Crores in Q4 FY4, indicating a modest operational pickup.
Net profit for the quarter came in at Rs 14.48 crore, down 2% YoY and 2.6% QoQ, reflecting pressure on margins. On the cost side, material costs dropped sharply by 50.5% YoY to Rs 14.65 crore, while employee benefit expenses rose 19.1% YoY to Rs 5.6 crore, pointing to an inflationary impact on manpower costs.
About the Company
Eimco Elecon (India) Ltd, founded in 1974 and listed since 1992, is a leading manufacturer of equipment for underground and opencast mining operations. Based in Vallabh Vidyanagar, Gujarat, the company operates on a 15-acre facility and is known for pioneering mining solutions like Side Dump Loaders (SDLs), Load Haul Dumpers (LHDs), and Rocker Shovel Loaders in India.
With over 3,800 machines in use across domestic and international sites, the company serves key clients such as Coal India, Singareni Collieries, Hindustan Zinc, Uranium Corporation of India, and many others.
It has expanded into construction equipment and offers nationwide sales and service support through its branches in major cities, including Dhanbad, Nagpur, and Secunderabad.
Written By Rohan Pandey
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