For Q4FY18, Elgi Equipments' consolidated sales increased by 24.1% yoy to Rs462.2cr from Rs372.5cr in Q4FY17. Decline in other expenses and employee cost as a proportion of sales resulted in operating profit growth of 35.6% yoy to Rs51.6cr from Rs38cr in Q4FY17. Profit after tax increased to Rs26.9cr from Rs20.5cr in the corresponding quarter of the previous year registering growth of 31.3% yoy.
• Sales in the air compressors segment increased by 19.5% yoy to Rs410cr (not adjusted for excise duty and inter segment revenue). PBT margin in the segment improved from 8.3% in Q4FY17 to 9.3% in Q4FY18.
• Sales in the automotive equipments grew by 8% yoy to Rs52.3cr driven by growth in sales of passenger vehicles in India. PBT margin in the segment increased from 2.5% in Q4FY17 to 8.4% in Q4FY18.
Elgi Equipments Ltd is currently trading at Rs. 291.70, up by 8.75 points or 3.09% from its previous closing of Rs. 282.95 on the BSE.
The scrip opened at Rs. 291.70 and has touched a high and low of Rs. 291.70 and Rs. 291.70 respectively. So far 3,839 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 100 DMA.
Please use the temporary password sent on your email id or mobile no.
Update Mobile no.
Why you need to update your Mobile number ?
By providing verified mobile number we provide more exclusive information in the website.
Update Mobile no.
Terms & Conditions
By clicking on submit button, you authorize IIFL & its representatives & agents to provide information about various products, offers and services provided by IIFL through any mode including telephone calls, SMS, letters etc. . you confirm that laws in relation to unsolicited communication referred in National Do Not Call Registry as laid down by Telecom Regulatory Authority of India will not be applicable for such information/ communication.