Elecon Engineering has announced a board meeting on the financial results for the quarter and half-year.

Q1FY26 revenue rose 25% YoY to ₹491 Cr, driven by a 139% jump in PAT to ₹175 Cr, boosted by ₹35 Cr arbitration settlement and ₹80 Cr exceptional gains.

Gear division revenue grew 6.1% to ₹357 Cr, with EBIT margin at 18.4%, impacted by higher employee costs and accelerated depreciation.

Material Handling Equipment (MHE) division revenue surged 139% to ₹133 Cr, with EBIT margin improving to 46%, aided by arbitration income.

Strong domestic demand in steel, power, and cement sectors and growing international traction support growth outlook.