Eimco Elecon India Ltd consolidated Q2FY24 PAT climbs to Rs. 10.79 crores

Eimco Elecon (India) Limited has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 54.3421 crores during the period ended September 30, 2023 as compared to Rs. 48.3470 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 10.7977 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 5.3645 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 18.72 for the period ended September 30, 2023 as compared to Rs. 9.30 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹54.3421 crs	₹48.3470 crs	12.40%
Net Profit	₹10.7977 crs	₹5.3645 crs	101.28%
EPS	₹18.72	₹9.30	101.29%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs.54.3421 crores during the period ended September 30, 2023 as compared to Rs.40.4447 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.10.7977 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.6.0990 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.18.72 for the period ended September 30, 2023 as compared to Rs.10.57 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹54.3421 crs	₹40.4447 crs	34.36%
Net Profit	₹10.7977 crs	₹6.0990 crs	77.04%
EPS	₹18.72	₹10.57	77.11%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.102.6891 crores during the 6 Months period ended September 30, 2023 as compared to Rs.74.1140 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.16.1622 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.4.8020 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.28.02 for the 6 Months period ended September 30, 2023 as compared to Rs.8.32 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹102.6891 crs	₹74.1140 crs	38.56%
Net Profit	₹16.1622 crs	₹4.8020 crs	236.57%
EPS	₹28.02	₹8.32	236.78%

Shares of Eimco Elecon (India) Limited was last trading in BSE at Rs. 1524.20 as compared to the previous close of Rs. 1385.65. The total number of shares traded during the day was 12976 in over 1748 trades.

The stock hit an intraday high of Rs. 1524.20 and intraday low of 1340.40. The net turnover during the day was Rs. 18826221.00.

Source : Equity Bulls

Keywords

EimcoEleconIndia Q2FY24 H1FY24 ResultUpdate