Stock Report

Elecon Engineering Company Ltd Q2 FY2024 consolidated PAT rises to Rs. 88.57 crores



Posted On : 2023-10-20 20:10:13( TIMEZONE : IST )

Elecon Engineering Company Ltd Q2 FY2024 consolidated PAT rises to Rs. 88.57 crores

Elecon Engineering Company 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. 497.45 crores during the period ended September 30, 2023 as compared to Rs. 422.84 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 88.57 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 72.96 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 7.89 for the period ended September 30, 2023 as compared to Rs. 6.50 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 497.45 crs ₹422.84 crs Up Tick / Down Tick17.64%
Net Profit ₹88.57 crs ₹72.96 crs Up Tick / Down Tick21.40%
EPS ₹7.89 ₹6.50 Up Tick / Down Tick21.38%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 497.45 crores during the period ended September 30, 2023 as compared to Rs.392.88 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.88.57 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.64.50 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.7.89 for the period ended September 30, 2023 as compared to Rs.5.75 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 497.45 crs ₹392.88 crs Up Tick / Down Tick26.62%
Net Profit ₹88.57 crs ₹64.50 crs Up Tick / Down Tick37.32%
EPS ₹7.89 ₹5.75 Up Tick / Down Tick37.22%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.920.28 crores during the 6 Months period ended September 30, 2023 as compared to Rs.725.06 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.161.53 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.106.80 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.14.40 for the 6 Months period ended September 30, 2023 as compared to Rs.9.52 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹920.28 crs ₹725.06 crs Up Tick / Down Tick26.92%
Net Profit ₹161.53 crs ₹106.80 crs Up Tick / Down Tick51.25%
EPS ₹14.40 ₹9.52 Up Tick / Down Tick51.26%

Shares of Elecon Engineering Company Limited was last trading in BSE at Rs. 787.90 as compared to the previous close of Rs. 793.20. The total number of shares traded during the day was 40957 in over 2206 trades.

The stock hit an intraday high of Rs. 803.00 and intraday low of 772.00. The net turnover during the day was Rs. 32114819.00.

Source : Equity Bulls

Keywords

EleconEngineeringCompany Q2FY24 H1FY24 ResultUpdate