Q4FY21 Result Update - Elgi Equipments - ICICI Direct

Elgi Equipments (Elgi) reported a strong Q4FY21 with consolidated revenue up 34.3% YoY to Rs. 610.6 crore vs. I-direct estimate of Rs. 548.8 crore. Standalone revenue (domestic & direct exports compressor) grew by a robust 57.5% YoY to Rs. 392.0 crore (~64% of consolidated topline) amid low base led by better demand in domestic market and robust exports while the international compressor business came in almost flat at Rs. 167.5 crore, YoY (contributing ~27% of consolidated topline), the automotive segment revenue rebounded with Rs. 34.4% growth to Rs. 50.5 crore, YoY (~9% of revenue). EBITDA margins improved significantly by 180 bps QoQ to 13% in Q4FY21 (vs. our estimate of 11.4%) primarily due to better revenue booking and controlled operating expenses and demand sustained in key geographies. Consequently, absolute EBITDA trebled to Rs. 79.2 crore YoY (vs. our estimate of Rs. 62.8 crore). PAT came in at Rs. 43.4 crore, up 25.3% QoQ partly aided by higher other income.

For details, click on the link below: Link to the report

Shares of ELGI EQUIPMENTS LTD. was last trading in BSE at Rs.216 as compared to the previous close of Rs. 215.35. The total number of shares traded during the day was 16777 in over 441 trades.

The stock hit an intraday high of Rs. 219.35 and intraday low of 212.6. The net turnover during the day was Rs. 3630254.

Source : Equity Bulls

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