Schedule a Call Back
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.
Related Stories
Policy Regulation
Can India’s Exports Takeoff Amid Global Market Uncertainty?
India's merchandise exports are navigating a complex global landscape marked by economic and geopolitical turbulence, including trade wars. India needs to take multiple measures to build a resilient..
Read moreAuto & Auto Components
Indian auto component industry expects 8-10% growth in FY25: Vinnie Mehta
In this interaction with Rakesh Rao, Vinnie Mehta, Director General of Automotive Component Manufacturers Association of India (ACMA), presents his views on the impact of recent global events on Ind..
Read moreAuto & Auto Components
Lumax Auto Tech to fully acquire IAC India, boosting auto interiors presence
IAC India operates five manufacturing plants across India, with two located in Chakan, Pune, and one each in Manesar, Nashik, and Bangalore. It also houses a state-of-the-art engineering centre in P..
Read moreRelated Products
Heavy Industrial Ovens
INDUSTRIAL SUPPLIES
Hansa Enterprises offers a wide range of heavy industrial ovens.
High Quality Industrial Ovens
INDUSTRIAL SUPPLIES
Hansa Enterprises offers a wide range of high quality industrial ovens. Read more
Hydro Extractor
INDUSTRIAL SUPPLIES
Guruson International offers a wide range of cone hydro extractor. Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
