'
Elecon Engineering Company hosted a conference call on
Apr 22, 2024. In the conference call the company was represented by Prayasvin
B. Patel, Chairman & Managing Director.
Key takeaways of the call
Strong growth in revenue and
profitability in FY24 is largely attributable to increased order inflows across
industries, increase in wallet share among existing customers & new
customer addition.
Order intake in FY24 stood at Rs
1994 crore [Gears at Rs 1601 up 15%YoY; MHE at Rs 393 up 76%YoY from Rs 273 crore] and the order book
as end of March 2024 stood at Rs 796 crore [ Gears Rs 536 crore, MHE Rs 260
crore].
Overseas OEM Business: Successfully signed-off 11 OEM Business in
overseas market having annual estimated business volume of about Euro 6.0 Mn.
Commercial production against this orders is expected to start from FY25.
Expanding network in overseas market as well
to expand overseas...
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