14 Oct 2025 | 5 Mins Read
Emkay Global sets Elecon Engineering buy target at Rs 750
Flipitmoney
Emkay Global Financial maintained a BUY rating for Elecon Engineering. Key points include: Q2FY26 revenue growth of 14% YoY. EBITDA margin declined 37bps YoY due to unfavorable gear business mix. Flat PAT growth due to increased depreciation and higher tax rates. Order inflow increased 28% YoY, with a strong domestic demand and expected exports recovery in key geographies.