Industrial Machinery company Elgi Equipments announced Q2FY25 results Consolidated sales for the quarter of Rs 869 crore as against Rs 806 crore in the Q2FY24, representing a growth of 8%. Standalone sales for the quarter was Rs 531 crore compared to Rs 439 crore for the Q2FY24, representing a growth of 21%. PAT of Rs 94.7 crore for the quarter, compared to a PAT of Rs 91.3 crore in the same period in 2023-2024, representing a growth of 4%. Standalone PAT for the quarter was Rs 97.9 crore as compared to a PAT of Rs 83.3 crore in the Q2FY24, representing a growth of 17%. Result PDF
Industrial Machinery company Elgi Equipments announced Q1FY25 results: Financial Highlights: Elgi Equipments, manufacturer of air compressors posted a consolidated sales for the quarter of Rs 801 crore as against Rs 724 crore in the corresponding quarter in 2023- 2024, representing a growth of 11%. Standalone sales for the quarter was Rs 472 crore compared to Rs 399 crore for the same quarter in 2023-24, representing a growth of 18%. The Company posted a PAT of Rs 72.8 crore for the June 2024 quarter, compared to a PAT of Rs 60.5 crore in the same period in 2023-2024, on a consolidated basis, representing a growth of 20%. The standalone PAT for the quarter was Rs 72.8 crore as compared to a PAT of Rs 67.1 crore in the same period in 2023-24. Demand in Indian and Middle Eastern markets is quite buoyant. Sales has been muted in Europe due to the effects of the Ukraine war and rising raw material costs. Performance in the USA is picking up momentum; however outlook remains cautious. Growth in the Australian, Brazilian and South-East Asian markets is by and large muted. Sales of the Company's automotive garage equipment business increased marginally when compared to the corresponding period of 2023-24. Overall, the Company has demonstrated good growth led by India when compared to the same period last year. Result PDF
Conference Call with Elgi Equipments Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Industrial Machinery company Elgi Equipments announced Q1FY24 results: Consolidated PAT for Q1FY24 was Rs 60.5 crore compared to Rs 48.7 crore in Q1FY23. Consolidated sales for Q1FY24 were Rs 724 crore as against Rs 694 crore in Q1FY23. The standalone PAT for Q1FY24 was Rs 67.1 crore compared to Rs 44.6 crore in Q1FY23. The compressor business in the domestic market met the targeted numbers. Business growth in Europe and Brazil was commensurate with the budget. Sales realizations were affected in the USA due to temporary disruption caused by the ongoing ERP implementation. Business performance in the Middle East and Africa, Australia, and South-East Asian Countries were satisfactory. The automotive business achieved its targets. Result PDF