Eimco Elecon India Ltd Q3 FY24 consolidated profit falls QoQ to Rs. 7.54 crores

Eimco Elecon (India) Limited has reported Consolidated financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 52.3430 crores during the period ended December 31, 2023 as compared to Rs. 54.3421 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 7.5479 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 10.7977 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 13.08 for the period ended December 31, 2023 as compared to Rs. 18.72 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 52.3430 crs	₹54.3421 crs	-3.68%
Net Profit	₹7.5479 crs	₹10.7977 crs	-30.10%
EPS	₹13.08	₹18.72	-30.13%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 52.3430 crores during the period ended December 31, 2023 as compared to Rs.41.0350 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.7.5479 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.4.9112 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.13.08 for the period ended December 31, 2023 as compared to Rs.8.51 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 52.3430 crs	₹41.0350 crs	27.56%
Net Profit	₹7.5479 crs	₹4.9112 crs	53.69%
EPS	₹13.08	₹8.51	53.70%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.155.0322 crores during the 9 Months period ended December 31, 2023 as compared to Rs.115.1492 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.23.7099 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.9.7132 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.41.10 for the 9 Months period ended December 31, 2023 as compared to Rs.16.84 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹155.0322 crs	₹115.1492 crs	34.64%
Net Profit	₹23.7099 crs	₹9.7132 crs	144.10%
EPS	₹41.10	₹16.84	144.06%

Shares of Eimco Elecon (India) Limited was last trading in BSE at Rs. 1545.00 as compared to the previous close of Rs. 1602.15. The total number of shares traded during the day was 793 in over 92 trades.

The stock hit an intraday high of Rs. 1630.00 and intraday low of 1540.00. The net turnover during the day was Rs. 1244810.00.

Source : Equity Bulls

Keywords

EimcoEleconIndia Q3FY24 9MFY24 ResultUpdate