Elgi Equipments Ltd Q2 FY23 consolidated net profit soars to Rs. 71.95 crores

Elgi Equipments 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. 753.391 crores during the period ended September 30, 2022 as compared to Rs. 705.546 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 71.959 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 48.685 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 2.27 for the period ended September 30, 2022 as compared to Rs. 1.54 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 753.391 crs	₹705.546 crs	6.78%
Net Profit	₹71.959 crs	₹48.685 crs	47.81%
EPS	₹2.27	₹1.54	47.40%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 753.391 crores during the period ended September 30, 2022 as compared to Rs.669.337 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.71.959 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.51.616 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.2.27 for the period ended September 30, 2022 as compared to Rs.1.63 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 753.391 crs	₹669.337 crs	12.56%
Net Profit	₹71.959 crs	₹51.616 crs	39.41%
EPS	₹2.27	₹1.63	39.26%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.1458.937 crores during the 6 Months period ended September 30, 2022 as compared to Rs.1170.672 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.120.644 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.63.634 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.3.81 for the 6 Months period ended September 30, 2022 as compared to Rs.2.01 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹1458.937 crs	₹1170.672 crs	24.62%
Net Profit	₹120.644 crs	₹63.634 crs	89.59%
EPS	₹3.81	₹2.01	89.55%

Shares of Elgi Equipments Limited was last trading in BSE at Rs. 496.50 as compared to the previous close of Rs. 484.90. The total number of shares traded during the day was 30544 in over 1754 trades.

The stock hit an intraday high of Rs. 503.00 and intraday low of 485.05. The net turnover during the day was Rs. 15101764.00.

Source : Equity Bulls

Keywords

ElgiEquipments Q2FY23 H1FY23 ResultUpdate