Elecon Engineering Company consolidated Q3 FY2021-22 net profit slips QOQ to Rs. 31.53 crores

Elecon Engineering Company Limited has reported Consolidated financial results for the period ended December 31, 2021.

Financial Results (Q3 FY2022) - QoQ Comparison

The company has reported total income of Rs. 272.1911 crores during the period ended December 31, 2021 as compared to Rs. 312.0165 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. 31.5394 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. 35.3802 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. 2.81 for the period ended December 31, 2021 as compared to Rs. 3.15 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹272.1911 crs	₹312.0165 crs	-12.76%
Net Profit	₹31.5394 crs	₹35.3802 crs	-10.86%
EPS	₹2.81	₹3.15	-10.79%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs.272.1911 crores during the period ended December 31, 2021 as compared to Rs.297.9302 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.31.5394 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.24.6732 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.2.81 for the period ended December 31, 2021 as compared to Rs.2.20 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹272.1911 crs	₹297.9302 crs	-8.64%
Net Profit	₹31.5394 crs	₹24.6732 crs	27.83%
EPS	₹2.81	₹2.20	27.73%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.878.5139 crores during the 9 Months period ended December 31, 2021 as compared to Rs.699.3182 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.94.1881 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.26.0059 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.8.39 for the 9 Months period ended December 31, 2021 as compared to Rs.2.32 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹878.5139 crs	₹699.3182 crs	25.62%
Net Profit	₹94.1881 crs	₹26.0059 crs	262.18%
EPS	₹8.39	₹2.32	261.64%

Shares of Elecon Engineering Company Limited was last trading in BSE at Rs. 178.20 as compared to the previous close of Rs. 177.65. The total number of shares traded during the day was 28257 in over 866 trades.

The stock hit an intraday high of Rs. 184.00 and intraday low of 176.50. The net turnover during the day was Rs. 5056086.00.

Source : Equity Bulls

Keywords

EleconEngineeringCompany Q3FY22 9MFY22 ResultUpdate