Elgi Equipments Q2 Results Live: Profit Rise by 3.76% YoY | Company Business News

Elgi Equipments Q2 Results Live : Elgi Equipments declared their Q2 results on 11 Nov, 2024, showcasing a solid performance in the quarter. The company reported a topline growth of 7.78% year-on-year, with profits increasing by 3.76% during the same period.

In comparison to the previous quarter, Elgi Equipments experienced an impressive revenue growth of 8.46% and a significant profit increase of 30.03%, indicating a strong recovery from earlier challenges.

However, the Selling, General & Administrative expenses saw a slight rise, increasing by 0.72% quarter-on-quarter and 7.09% year-on-year, which may impact future profitability if the trend continues.

The operating income for the quarter was up by 29.32% compared to the previous quarter but saw a decrease of 1.1% year-on-year, highlighting a mixed performance in operational efficiency.

Earnings per share (EPS) for Q2 was reported at ₹2.99, marking a 3.82% increase year-on-year, which is a positive sign for shareholders.

Despite these positive results, Elgi Equipments has faced challenges in the market, delivering a -7.06% return in the last week, a -3.07% return over the past six months, but maintaining a 10.64% year-to-date return.

Currently, Elgi Equipments holds a market capitalization of ₹19,061.54 Crores, with a 52-week high of ₹798.95 and a low of ₹502.6, indicating some volatility in its stock price.

As of 13 Nov, 2024, the outlook from analysts remains mixed, with one analyst issuing a Strong Sell rating, another a Sell rating, while two analysts recommend a Buy, reflecting differing views on the company’s future performance.

Elgi Equipments Financials