Elecon Tanks 10% After Flat Q2 Results; Profit Stagnation Triggers Sell-Off

As of October 10, 2025, shares of Elecon Engineering Company Ltd (

) declined nearly 10% intraday, marking the third consecutive session of losses. The sharp fall followed the company’s Q2 FY26 results released today, showing a consolidated net profit of ₹87.72 crore, unchanged from the same quarter last year, indicating muted earnings growth. The Board of Directors also announced an interim dividend of ₹0.50 per equity share (face value ₹1 each), with October 16, 2025 as the record date and November 3, 2025 as the expected payment date. The profit stagnation likely triggered short-term profit booking. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.