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Elecon Engineering Q1 Results Reduced Revenue to INR 39,236 Lakhs and Net Profit of INR 7,336
Elecon Engineering Q1 Results reveal a 29.6% QoQ drop in Total Income to ₹40,679 lakhs and a 30.6% QoQ decrease in Operating Profit to ₹79.55 Cr. Profit After Tax fell by 29.8% QoQ to ₹7,336 lakhs, with an Operating Margin of 20.27%.
by P Nandhini
Updated Sep 18, 2024
Table of Content
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.
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Elecon Engineering Q1 Results 2024 - 2025
Here is a summary of Elecon Engineering Company's Q1 results for the fiscal year 2024 - 2025:
| Particulars | 30 June 2024 (Unaudited) | 31 March 2024 (Audited) |
|---|---|---|
| Revenue from operations | INR 39,236 lakhs | INR 56,462 lakhs |
| Other income | INR 1,443 lakhs | INR 1,304 lakhs |
| Total Income | INR 40,679 lakhs | INR 57,766 lakhs |
| Expenses | INR 31,510 lakhs | INR 44,389 lakhs |
| - Cost of materials consumed | INR 16,847 lakhs | INR 22,962 lakhs |
| - Changes in inventories | INR (688) lakhs | INR 1,759 lakhs |
| - Manufacturing expenses and erection charges | INR 3,532 lakhs | INR 4,033 lakhs |
| - Employee benefit expenses | INR 4,704 lakhs | INR 5,547 lakhs |
| - Finance costs | INR 229 lakhs | INR 205 lakhs |
| - Depreciation and amortisation expense | INR 1,283 lakhs | INR 1,258 lakhs |
| - Other expenses | INR 5,603 lakhs | INR 8,625 lakhs |
| Profit before tax | INR 9,415 lakhs | INR 13,624 lakhs |
| Share in profit of associate (net of tax) | INR 246 lakhs | INR 247 lakhs |
| Profit before tax and share of associate | INR 9,415 lakhs | INR 13,624 lakhs |
| Tax expenses | INR 2,104 lakhs (Current) | INR 3,424 lakhs (Current) |
| Net Profit | INR 7,336 lakhs | INR 10,365 lakhs |
| Net Profit after non-controlling interest | INR 7,336 lakhs | INR 10,365 lakhs |
| Other comprehensive income/expense | INR 86 lakhs | INR 144 lakhs |
| Total comprehensive income | INR 7,242 lakhs | INR 10,123 lakhs |
| Paid-up equity share capital | INR 2,244 lakhs | INR 2,244 lakhs |
| Other Equity | INR 40 lakhs | INR 40 lakhs |
| Earnings per Share (Basic & Diluted) | INR 6.54 | INR 9.24 |
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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.
| Metric | Value |
|---|---|
| Current Price | ₹631 |
| Change | +0.88% |
| Market Capitalization | ₹14,170 Cr. |
| High / Low (52-week) | ₹717 / ₹346 |
| Price-to-Earnings (P/E) Ratio | 39.8 |
| Book Value | ₹71.5 |
| Dividend Yield | 0.24% |
| Return on Capital Employed (ROCE) | 31.3% |
| Return on Equity (ROE) | 24.5% |
| Face Value | ₹1.00 |
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:
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Cr) | 474 | 565 | 392 |
| Expenses (₹ Cr) | 353 | 429 | 300 |
| Operating Profit (₹ Cr) | 120 | 135 | 92 |
| Operating Profit Margin (OPM %) | 25% | 24% | 24% |
| Other Income (₹ Cr) | 11 | 16 | 17 |
| Interest (₹ Cr) | 1 | 2 | 2 |
| Depreciation (₹ Cr) | 13 | 13 | 13 |
| Profit Before Tax (₹ Cr) | 117 | 136 | 94 |
| Tax Rate (%) | 23% | 24% | 22% |
| Net Profit (₹ Cr) | 90 | 104 | 73 |
| EPS (₹) | 4.03 | 4.62 | 3.27 |
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.
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Elecon Engineering Co Q1 Results - FAQs
1. What is the revenue from operations for Elecon Engineering in Q1 2024 - 2025?
The revenue from operations for Elecon Engineering in Q1 2024 - 2025 is INR 39,236 lakhs.
2. How much did Elecon Engineering's revenue decline compared to the previous quarter?
Elecon Engineering's revenue declined by 30.6% compared to the previous quarter.
3. What was Elecon Engineering's net profit for Q1 2024 - 2025?
Elecon Engineering's net profit for Q1 2024 - 2025 was INR 7,336 lakhs.
4. How did Elecon Engineering's net profit change compared to Q4 2023?
Elecon Engineering's net profit decreased by 29.8% compared to Q4 2023.
5. What are the total expenses reported by Elecon Engineering for Q1 2024 - 2025?
Elecon Engineering's total expenses for Q1 2024 - 2025 are INR 31,510 lakhs.
6. What is the earnings per share (EPS) for Elecon Engineering in Q1 2024 - 2025?
The earnings per share (EPS) for Elecon Engineering in Q1 2024 - 2025 is INR 6.54.
7. What was the profit before tax for Elecon Engineering in Q1 2024 - 2025?
The profit before tax for Elecon Engineering in Q1 2024 - 2025 was INR 9,415 lakhs.
8. How much did Elecon Engineering’s profit before tax decrease compared to Q4 2023?
Elecon Engineering’s profit before tax decreased by 30.8% compared to Q4 2023.
9. What is the total comprehensive income for Elecon Engineering in Q1 2024 - 2025?
The total comprehensive income for Elecon Engineering in Q1 2024 - 2025 is INR 7,242 lakhs.
10. What was the tax expense for Elecon Engineering in Q1 2024 - 2025?
The tax expense for Elecon Engineering in Q1 2024 - 2025 was INR 2,104 lakhs.