Elgi Equipments Ltd's Q4FY18 consolidated net profit rises 31.31% yoy to Rs26.88cr : In-line with estimates

The company’s consolidated revenue stood at Rs462.21cr, up 24.09% yoy.

May 29, 2018 03:05 IST India Infoline Research Team

Elgi Equipments Ltd Q4FY18

Consolidated Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 462.21 24.1
EBITDA 51.57 35.6
EBITDA Margin (%) 11.16 95
Net Profit (adjusted) 26.88 31.3
***EBITDA margin change is bps


Reco. Price


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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.

Technical View:

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.

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