Synopsis:
Eimco Elecon’s Q2FY26 income and internet revenue fell 50 p.c and 59 p.c YoY, respectively, sending the inventory down 13 p.c. Curiously, Vijay Kedia acquired a contemporary stake simply yesterday.
A capital items inventory fell sharply on Thursday after reporting a steep decline in Q2FY26 earnings, with internet revenue down each YoY and QoQ. Gross sales and working margins contracted considerably, reflecting weak order inflows and difficult demand situations. Outstanding investor Vijay Kedia acquired a contemporary stake within the firm 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 earlier shut of Rs. 2,301, marking a decline of 13.5 p.c from the earlier shut.
What’s the Information?
Quarter-on-Quarter (QOQ) Efficiency: From Q1FY26 to Q2FY26, Eimco Elecon’s income declined from Rs. 67.57 crore to Rs. 33.24 crore, down 50.8 p.c. Working revenue fell from Rs. 12.31 crore to Rs. 5.22 crore, a decline of 57.6 p.c. PBT contracted from Rs. 18.41 crore to Rs. 6.89 crore, down 62.6 p.c, whereas internet revenue dropped from Rs. 14.48 crore to Rs. 5.35 crore, a fall of 63.1 p.c.
12 months-on-12 months (YOY) Efficiency: In comparison with Q2FY25, income slipped from Rs. 66.63 crore to Rs. 33.24 crore, down 50.2 p.c. Working revenue decreased from Rs. 15.09 crore to Rs. 5.22 crore, a 65.4 p.c decline. PBT fell from Rs. 19.21 crore to Rs. 6.89 crore, down 64.1 p.c, and internet revenue dropped from Rs. 13.06 crore to Rs. 5.35 crore, a decline of 59.0 p.c.
Kedia Securities Non-public Restricted is a funding agency primarily based in Mumbai, India, run by well-known inventory investor Dr. Vijay Kedia. Kedia Securities bought 57,441 shares of Eimco Elecon yesterday at Rs. 1,906.71 per share, investing roughly Rs. 10.95 crore.
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In regards to the Firm
Eimco Elecon (India) Restricted is engaged within the manufacture and sale of kit catering to India’s mining and building sectors. Its choices embody air motors, chair raise man-riding techniques, coal haulers, drill machines, load haul dumpers, dump vehicles, piling rigs, rocker shovel loaders, facet dump loaders, wheel loaders, and full steady miner packages. The corporate additionally exports its merchandise and has established a powerful presence internationally. Based in 1974, Eimco Elecon is headquartered in Vallabh Vidyanagar, India.
Written By Manan Gangwar
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