Elecon Engineering Q1 Results Reduced Revenue to INR 39,236 Lakhs and Net Profit of INR 7,336

Elecon Engineering Q1 Results 2024 - 2025: Elecon Engineering Company announced their Q1 results for the fiscal year 2024 - 2025 on July 17, 2024. The company reported a significant decline in revenue, showing a drop of 30.6% compared to the previous quarter (QoQ).

Revenue from operations fell to INR 39,236 lakhs, down from INR 56,462 lakhs in Q4 2023. This decrease in revenue is reflective of ongoing challenges and market conditions affecting the company.

In terms of profitability, Elecon Engineering saw a decrease in net profit of 29.8% QoQ, falling from INR 10,365 lakhs to INR 7,336 lakhs. Other key figures also showed a decline, with total expenses reducing by 29.1% QoQ to INR 31,510 lakhs.

The company’s earnings per share (EPS) decreased to INR 6.54 from INR 9.24, highlighting a challenging quarter. Overall, these results show a substantial drop in both revenue and profit compared to the previous quarter, emphasizing the need for strategic adjustments moving forward.

For More Q1 results check our Twitter Page

Elecon Engineering Q1 Results 2024 - 2025

Here is a summary of Elecon Engineering Company's Q1 results for the fiscal year 2024 - 2025:

Source: Click Here

Elecon Engineering Current Market Overview

As of now, Elecon Engineering Company's stock is priced at ₹631, showing a slight increase of 0.88%. The company is listed on both the Bombay Stock Exchange and the National Stock Exchange. With a market cap of ₹14,170 crore, Elecon's stock has fluctuated between ₹717 and ₹346 over the past year.

It has a Price-to-Earnings (P/E) ratio of 39.8 and a book value of ₹71.5 per share. The stock offers a modest dividend yield of 0.24%, and the company's Return on Capital Employed (ROCE) and Return on Equity (ROE) are strong at 31.3% and 24.5%, respectively.

Quarterly Results

Here is a summary of Elecon Engineering Company's quarterly results for the most recent periods:

The following table shows Elecon Engineering's financial performance for December 2023, March 2024, and June 2024:

About Elecon Engineering

Elecon Engineering Company, founded in 1951 and headquartered in Anand, Gujarat, is a leading Indian manufacturer specializing in industrial gear and material handling equipment. The company is known for its extensive range of products used in various core sectors, including power, steel, cement, and mining.

Over the years, Elecon has grown to become one of Asia's largest manufacturers in its field, with subsidiaries like Eimco Elecon and Elecon Hydraulics supporting its diverse operations.

Elecon Engineering began by focusing on conveyor systems and has since expanded its expertise to include engineering, procurement, and construction projects, making it a significant player in the industrial sector.

Check our website for more Q1 results.