'
Elecon Engineering hosted a
conference call on Jan 23, 2025. In the conference call the company was
represented by Narasimhan, CFO.
Key takeaways of the call
Order intake for Q3FY25 and
9mFY25 was up 24.6%YoY to Rs 654 crore[Gears Rs 469 crore up 27.4%yoy; MHE Rs
185 crore, up 17.8%yoy] and up 20.7%yoy to Rs 1735 crore [Gears Rs 1297 crore;
MHE 438 crore] respectively.
Order book as end of Dec 2024
stood at Rs 1105 crore [gears Rs 684 crore (Rs 572 crore in Dec 2023 end); MHE
Rs 421 crore (Rs 219 crore in Dec 2023 end)].
Slow growth in key sector and
geopolitical situation will result in 3% point slippage in the revenue growth
rate guidance given earlier for FY25. But there is will be no change in the
EBITDA margin which will remain 24% for FY25 full year. Earlier
in Q2FY25 conference call the company was confident of achieving its annual
guidance of Rs 2225 crore (up 15%), an EBITDA ma...
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