Elecon Engineering Company’s stock surged today

Elecon Engineering Company’s stock surged today, rising over 9% to ₹453.6 on the BSE, making it one of the top gainers in the ‘A’ group. However, its Q2 FY26 results revealed a sharp 50% drop in net profit despite revenue growth. 📊 Elecon Engineering Company – Latest Updates (3 Sept 2026) Stock Market Performance Price Movement (BSE): ₹453.6 (+9.05%) Trading Volume: ~1.3 lakh shares vs. 37,313 average (significantly higher activity) Ranking: 3rd biggest gainer in BSE ‘A’ group today Peers also gaining: Raymond Ltd (+12.61%), Kiri Industries (+9.05%), Anant Raj (+8.60%), SML Mahindra (+6.96%) Q2 FY26 Results (Quarter ended Sept 25) Total Revenue: ₹578.13 Cr (+17.85% QoQ, +13.77% YoY) Operating Profit: ₹100.36 Cr (-5.11% QoQ) Net Profit (PAT): ₹87.72 Cr (down 50% QoQ) Operating Margin: 17.36% EPS: ₹3.91 (halved from previous quarter) Key Issues: Rising operating expenses and depreciation impacted profitability despite revenue growth