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
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 868.86 | 801.06 | +8.46% | 806.12 | +7.78% |
| Selling/ General/ Admin Expenses Total | 169.6 | 168.39 | +0.72% | 158.38 | +7.09% |
| Depreciation/ Amortization | 18.86 | 19.06 | -1.01% | 18.66 | +1.07% |
| Total Operating Expense | 746.15 | 706.17 | +5.66% | 682.04 | +9.4% |
| Operating Income | 122.71 | 94.89 | +29.32% | 124.08 | -1.1% |
| Net Income Before Taxes | 130.69 | 100 | +30.68% | 130.05 | +0.49% |
| Net Income | 94.72 | 72.84 | +30.03% | 91.29 | +3.76% |
| Diluted Normalized EPS | 2.99 | 2.3 | +30% | 2.88 | +3.82% |
