Eimco Elecon (India) Limited announced its financial performance for the fiscal year 2024-25, reporting a revenue of ₹ 246.47 Crore, an increase of approximately 8.34% compared to ₹ 227.50 Crore in the previous year (FY2023-24).
Net profit after tax for FY2024-25 grew by 21% to ₹ 48.90 Crore, up from ₹ 40.41 Crore in FY2023-24.
The company continues to be a leading player in underground coal mining equipment, with Side Dump Loaders (SDL) and Load Haul Dumpers (LHD) being the backbone of production.
Significant product developments include the supply of a Feeder Breaker for the Continuous Miner (CM) Package and the successful establishment of larger Load Haul Dumpers (7 Tone and 10 Tone capacities) for the Underground Metal Mining sector.
For the Construction segment, the company is developing new models for Piling Rigs and advancing the development of Diaphragm Wall Machines.
On 23rd April 2025, the company entered into a Termination Agreement with Sandvik Mining and Construction OY, Tamrock Great Britain Holdings Limited, and other parties to conclude the Shareholders Agreement dated 28th February 1992 and its supplemental agreement.
The Board of Directors recommended a dividend of 50% for the year under review.
The company noted a positive outlook for the mining equipment industry, supported by the Government's aim to increase underground coal production share to 10% by 2030. The construction equipment industry also shows promising prospects.