Elecon Engineering Company Ltd posts consolidated PAT of Rs. 62.73 crores in Q3FY23

Elecon Engineering Company Limited has reported Consolidated financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 392.3239 crores during the period ended December 31, 2022 as compared to Rs. 392.8845 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 62.7355 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 64.5075 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 5.59 for the period ended December 31, 2022 as compared to Rs. 5.75 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹392.3239 crs	₹392.8845 crs	-0.14%
Net Profit	₹62.7355 crs	₹64.5075 crs	-2.75%
EPS	₹5.59	₹5.75	-2.78%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.392.3239 crores during the period ended December 31, 2022 as compared to Rs.273.5058 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.62.7355 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.31.5394 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.5.59 for the period ended December 31, 2022 as compared to Rs.2.81 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹392.3239 crs	₹273.5058 crs	43.44%
Net Profit	₹62.7355 crs	₹31.5394 crs	98.91%
EPS	₹5.59	₹2.81	98.93%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.1117.3872 crores during the 9 Months period ended December 31, 2022 as compared to Rs.885.1194 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.169.5484 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.94.1881 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.15.11 for the 9 Months period ended December 31, 2022 as compared to Rs.8.39 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹1117.3872 crs	₹885.1194 crs	26.24%
Net Profit	₹169.5484 crs	₹94.1881 crs	80.01%
EPS	₹15.11	₹8.39	80.10%

Shares of Elecon Engineering Company Limited was last trading in BSE at Rs. 384.75 as compared to the previous close of Rs. 388.05. The total number of shares traded during the day was 43101 in over 2122 trades.

The stock hit an intraday high of Rs. 396.75 and intraday low of 380.20. The net turnover during the day was Rs. 16727049.00.

Source : Equity Bulls

Keywords

EleconEngineeringCompany Q3FY23 9MFY23 ResultUpdate