Elecon Engineering Company Ltd's Q3FY25 Quarter Results
- 23 Jan 2025
Result Summary
- Elecon Engineering Company Ltd reported a 4.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 12.6%.
- Its expenses for the quarter were down by 1.4% QoQ and up 10.3% YoY.
- The net profit increased 22.6% QoQ and increased 19.0% YoY.
- The earnings per share (EPS) of Elecon Engineering Company Ltd stood at 4.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 544.53 | 519.53 | 483.54 | 4.8% | 12.6% |
Total Expenses | 405.31 | 411.16 | 367.30 | -1.4% | 10.3% |
Profit Before Tax | 139.22 | 108.37 | 116.24 | 28.5% | 19.8% |
Tax | 32.70 | 22.82 | 27.09 | 43.3% | 20.7% |
Profit After Tax | 107.54 | 87.72 | 90.40 | 22.6% | 19.0% |
Earnings Per Share | 4.80 | 3.90 | 8.10 | 23.1% | -40.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Elecon Engineering Company Ltd is an established player within the engineering industry, primarily known for its robust portfolio of products and services. The company specializes in the manufacturing of industrial gears and material handling equipment. Elecon Engineering has carved a niche for itself in sectors like power, steel, cement, and sugar industries by providing high-quality engineering solutions. Notably, Elecon has been involved in several key projects globally, enhancing its reputation as a reliable engineering partner. However, specific recent developments or strategic shifts within the company are not detailed in this dataset.
Revenue
In the third quarter of the fiscal year 2025, Elecon Engineering Company Ltd reported a total income of ₹544.53 crores. This marks a notable increase of 4.8% compared to the previous quarter (Q2FY25), where the company earned ₹519.53 crores. Furthermore, the year-over-year performance shows a significant rise of 12.6% from the ₹483.54 crores reported in the third quarter of the fiscal year 2024. This growth trajectory in revenue highlights a positive trend in the company's sales and overall income generation over the observed periods.
Profitability
Elecon Engineering's profitability metrics for Q3FY25 indicate a positive financial performance. The Profit Before Tax (PBT) for this quarter stood at ₹139.22 crores, reflecting an impressive quarter-over-quarter increase of 28.5% from ₹108.37 crores in Q2FY25. On a year-over-year basis, PBT rose by 19.8% from ₹116.24 crores in Q3FY24. The company's Profit After Tax (PAT) also exhibited growth, registering ₹107.54 crores in Q3FY25, a 22.6% increase compared to the prior quarter and a 19.0% rise year-over-year. Tax expenses for Q3FY25 were ₹32.70 crores, which is a substantial increase both QoQ and YoY, at 43.3% and 20.7% respectively.
Operating Metrics
Elecon Engineering's operating metrics highlight its earnings per share (EPS) as an important indicator of shareholder value. The EPS for Q3FY25 was reported at ₹4.80, showing a 23.1% improvement from ₹3.90 in Q2FY25. However, when compared year-over-year, there is a significant decrease of 40.7% from an EPS of ₹8.10 in Q3FY24. This discrepancy may suggest changes in the number of shares outstanding or variations in net income available to shareholders. The total expenses for the company decreased by 1.4% QoQ to ₹405.31 crores in Q3FY25, while on a YoY basis, there was an increase of 10.3% from Q3FY24's ₹367.30 crores. These metrics provide a detailed view of the company’s operational efficiency and cost management over the observed periods.
