Elecon Engineering Company Limited CC-Apr26.pdf · 2026-04-16
Yes. Thank you so much, sir. Sir, this is particularly for the Gear business margins. As you provided the revenue mix for quarter 4 where catalogue was 55% and engineered was 45%. But, sir, if I look on Y-o-Y basis and compare with Q4 of last year, your catalogue has actually come down from 60% to 55% and your engineered product has improved from 40% to 45%. So, I just do not understand why there is such a margin impact. And also, a related question which you earlier alluded to in terms of development orders from the Navy which are being implemented and have lower margins. So, what is the impact? What is the size and what kind of this development orders are you referring to? Is this something related to your P-17 Alpha orders or if you can highlight that? And, sir, if we see your overall margin for the entire year for the Gear s business, what we have reported in FY26 these margins are in fact lower than what was reported in FY22. In FY22, you were roughly at a 20% margin and which increased to 26% in FY24 and now has fallen to 18.8%. So, how do we see this going forward, sir? I would really appreciate if you can provide perspective on this. Thank you.
So, what is this number, sir? How much of these orders? Earlier you had mentioned INR77 crores. So, I just want to reconfirm how much of these orders are pertaining to Gear business and engineered products?