Shares of Elecon Engineering Company Ltd. surged as much as 12% on Wednesday, October 14, reacting to its second quarter earnings.
The company reported a healthy set of results across all parameters on a year-on-year basis.
Its revenue increased by 10.6% to ₹639 crore in the September quarter from ₹578 crore last year.
Net profit for the period came in at ₹96.3 crore, up 9.8% from the ₹87.7 crore it reported in the second quarter last fiscal.
Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 17.8% to ₹147.9 crore from ₹125.6 crore in the previous year, while EBITDA margin expanded to 23.15% in the second quarter from 21.73% in the year-ago period.
The company’s board of directors also declared an interim dividend of ₹0.5 per equity share of ₹1 each. It has set the record date as October 21, 2026 for the same.
This interim dividend will be paid to all shareholders on or after Wednesday, November 4, 2026, the company said in its exchange filing.
Shares of Elecon Engineering are trading 12% higher after the results announcement, currently trading at ₹492.75. With this move, the stock has also turned positive on a year-to-date basis. This is also the biggest single-day gain for the stock in the last three weeks.
Also Read: New Listings Q1 Results: Hero Motors, SS Retail up nearly 100% from issue price reacting to earnings