Elecon Engineering Company Ltd Q2 FY23 consolidated PAT rises to Rs. 64.50 crores

Elecon Engineering Company Limited has reported Consolidated financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 392.8845 crores during the period ended September 30, 2022 as compared to Rs. 332.1788 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 64.5075 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 42.3054 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 5.75 for the period ended September 30, 2022 as compared to Rs. 3.77 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 392.8845 crs	₹332.1788 crs	18.28%
Net Profit	₹64.5075 crs	₹42.3054 crs	52.48%
EPS	₹5.75	₹3.77	52.52%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 392.8845 crores during the period ended September 30, 2022 as compared to Rs.315.6431 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.64.5075 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.35.3802 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.5.75 for the period ended September 30, 2022 as compared to Rs.3.15 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 392.8845 crs	₹315.6431 crs	24.47%
Net Profit	₹64.5075 crs	₹35.3802 crs	82.33%
EPS	₹5.75	₹3.15	82.54%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.725.0633 crores during the 6 Months period ended September 30, 2022 as compared to Rs.611.6136 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.106.8129 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.62.6487 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.9.52 for the 6 Months period ended September 30, 2022 as compared to Rs.5.58 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹725.0633 crs	₹611.6136 crs	18.55%
Net Profit	₹106.8129 crs	₹62.6487 crs	70.49%
EPS	₹9.52	₹5.58	70.61%

Shares of Elecon Engineering Company Limited was last trading in BSE at Rs. 370.80 as compared to the previous close of Rs. 367.35. The total number of shares traded during the day was 9640 in over 757 trades.

The stock hit an intraday high of Rs. 374.90 and intraday low of 363.85. The net turnover during the day was Rs. 3568610.00.

Source : Equity Bulls

Keywords

EleconEngineeringCompany Q2FY23 H1FY23 ResultUpdate