Elin Electronics Ltd

AGM details

• 44th AGM to be held on Monday, September 28, 2026 at 10:30 IST via VC/OAVM.
• Record date for voting entitlement fixed as Monday, September 21, 2026.
• Remote e-voting window runs Sep 25–27, 2026, 9:00 AM to 5:00 PM IST.

Meeting Details

• Date/time: 06/08/2026 at 17:00 Hrs; duration ~48 minutes.
• Group earnings conference call; virtual.
• Event/organiser: Elin Electronics Q1 FY27 earnings conference call hosted by Sunidhi Securities.

Participants

• Key company participants: Managing Director, Head of Strategy, Director.

Purpose

• Purpose: discuss Q1 FY27 results and engage with investors.

Additional Notes

• Conference was recorded.

Meeting details

• No meeting details available in this filing excerpt.

Business Overview

• Elin Electronics is an EMS company providing end-to-end solutions for lighting, fans, and home appliances.
• Operations cover OEM and ODM models with strong R&D and cost-optimization focus.
• Manufacturing sites: Ghaziabad, Verna, Baddi; Bhiwadi expansion underway.

Key Operational Highlights

• Q1 FY27 revenue 3,628 million, up ~23% YoY.
• EBITDA 40 million; margin 1.1% vs 5.9% prior year.
• Net cash improved to 59 million from 701 million.
• EMS revenue 2,815 million; Non-EMS 813 million.
• Lighting revenue grew with new customers; batten mix pressured margins.
• Small Appliances grew ~70% YoY; margins pressured by commodity prices.
• FHP Motors declined on higher input prices reducing volumes.
• Wage revision in Ghaziabad (~25%) raised costs from April 2026.
• Capex total 75.6 million in Q1FY27; investments in Ghaziabad, Baddi, Goa.
• Bhiwadi facility capex 620 million (excl land) in CWIP + capital advances.
• MG motor and press shop automation added as capex focus.
• Tools, Dies & Moulds for new products.

Financial Performance

• Revenue: 3,628m; YoY growth ~23%.
• EBITDA: 40m; EBITDA margin 1.1%.
• PBT before exceptional items: -38m.
• Gross margin declined ~640 bps YoY due to polymer and aluminium price hikes.
• Cost of materials 78.4% of revenue; overheads stable.
• Net WC days ~54; net cash position improved.
• Lighting: 1,060m; Small Appliances: 1,106m; FHP Motors: 456m.
• Non-EMS: 193; Medical Cartridges: 101.

Capital Structure & Liquidity

• Net cash position improved to INR 59m; prior net debt was INR 701m.
• Liquidity position appears adequate; no debt issuance details provided.

Strategic Priorities & Outlook

• Future growth drivers: Make in India, BIS norms, PLI benefits, rising disposable income, urbanization.
• Strategy emphasizes cost leadership via scale, R&D, automation, and operational excellence.
• Capex plans include Bhiwadi facility and automation investments.
• No forward-looking revenue or margin guidance disclosed.
• Net cash improvement and capex orientation support growth.

Risks & Mitigation

• Commodity price volatility and wage inflation pressure margins.
• Mitigation: cost control, automation, and product mix optimization.

Key disclosures

• Approved unaudited standalone and consolidated results for the quarter ended June 30, 2026.
• Annexure 1 with Limited Review Report from S.R. Batliboi & Co. LLP enclosed.
• Dissolved the Risk Management Committee with effect August 06, 2026.
• Risk management will be overseen by the Board or other committees.
• Fire at Ghaziabad facility; loss of Rs 246.55 million recognised as an exceptional item.
• Assets and inventories are insured; no insurance recovery recognised yet.
• New Labour Codes impact recognised as an exceptional item: standalone Rs 7.42 million; consolidated Rs 9.14 million.
• Independent auditor reviews state no material misstatement in standalone and consolidated results.
• Audit Committee reviewed unaudited results and Board approved at August 6, 2026 meeting.

Meeting Details

• Q1 FY27 earnings conference call on Thursday, August 6, 2026 at 17:00 IST.
• Group earnings conference call conducted virtually.
• Event: Q1 FY27 Earnings Conference Call by Elin Electronics Ltd.
• Company management: MD, Director, Head of Strategy.
• Purpose: discuss Q1 FY27 earnings results.

Meeting Details

• Q1 FY27 earnings conference call for Elin Electronics Ltd on Aug 6, 2026 at 17:00 IST.
• Virtual group call; management will participate.

Participants

• MD; Director; Head of Strategy.

Purpose

• Discuss Q1 FY27 earnings results with investors.

Meeting Details

• Board meeting date: Aug 6, 2026.
• Agenda: consider unaudited standalone and consolidated results for quarter ended June 30, 2026.

Other Notes

• Trading window remains closed until Aug 10, 2026.