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Elgi Equipments releases Q4 FY24-25 results
Industry News- Nov 15,24
The company, on a consolidated basis posted a PAT of Rs 947 million for the quarter, compared to a PAT of Rs 913 million in the same period in 2023-2024, representing a growth of 4%.
Elgi Equipments Ltd, manufacturer of air compressors posted a consolidated sales for the quarter of Rs 8.69 billion as against Rs 8.06 billion in the corresponding quarter in 2023- 2024, representing a growth of 8%. Standalone sales for the quarter was Rs 5.31 billion compared to Rs 4.39 billion for the same quarter in 2023-24, representing a growth of 21%.
The company, on a consolidated basis posted a PAT of Rs 947 million for the quarter, compared to a PAT of Rs 913 million in the same period in 2023-2024, representing a growth of 4%. The standalone PAT for the quarter was Rs 979 million as compared to a PAT of Rs 833 million in the same period in 2023-24, representing a growth of 17%.
Growth in the Indian market was in line with the overall industrial growth. Middle Eastern market continued to perform well. We have been witnessing some momentum in Europe too. Performance in the US, Australian, Brazilian and South-East Asian markets was subdued.
Sales of the company's automotive garage equipment business registered strong growth when compared to the corresponding period of 2023-24.
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