India's Elecon Engineering set for worst day in six years after quarterly profit drop

Elecon Engineering

09/01/2026 05:26

** Shares of Elecon Engineering Co ELCN.NS dive 13.4%, set for sharpest intraday drop since late-March 2020

** Industrial machinery firm's Q3 PAT dropped 33% y/y; profit margin contracted to 13% from 20.3% year-ago

** Stock set to lose 12.7% for the week, set for worst week since late-Feb 2025

** Trading volume at 5.5 mln shares so far vs 30-day avg of 793,696 shares

** Stock dropped 24% in 2025

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))