Elgi Equipments Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- Elgi Equipments Ltd reported a 2.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 3.4%.
- Its expenses for the quarter were down by 0.3% QoQ and up 4.4% YoY.
- The net profit decreased 14.9% QoQ and decreased 3.9% YoY.
- The earnings per share (EPS) of Elgi Equipments Ltd stood at 2.5 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 860.92 | 883.00 | 833.01 | -2.5% | 3.4% |
Total Expenses | 752.32 | 754.55 | 720.38 | -0.3% | 4.4% |
Profit Before Tax | 108.60 | 128.44 | 112.63 | -15.4% | -3.6% |
Tax | 30.04 | 35.96 | 30.44 | -16.5% | -1.3% |
Profit After Tax | 80.58 | 94.72 | 83.88 | -14.9% | -3.9% |
Earnings Per Share | 2.50 | 3.00 | 2.60 | -16.7% | -3.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Elgi Equipments Ltd is a prominent company in the industrial equipment sector, primarily engaged in the production of air compressors and related equipment. As a significant player in the air compressor manufacturing industry, Elgi Equipments caters to a broad range of sectors, including automotive, textile, pharmaceuticals, and agriculture. The company has a global presence, with a strong emphasis on innovation and customer-centric solutions. Recent developments in the company include strategic expansions and partnerships aimed at enhancing its market reach and technological capabilities. However, detailed insights about recent developments specific to Q3FY25 are not available from the provided data.
Revenue
In Q3FY25, Elgi Equipments Ltd reported a total income of ₹860.92 crores. This represents a sequential decline of 2.5% compared to the previous quarter, Q2FY25, where the total income was ₹883.00 crores. On a year-over-year basis, there was an increase of 3.4% from Q3FY24, when the total income was ₹833.01 crores. This indicates a moderate growth in revenue over the past year, despite a slight dip when compared to the immediate previous quarter. The quarterly and yearly fluctuations suggest variations in revenue streams or changes in market conditions affecting sales or service income.
Profitability
The profitability of Elgi Equipments Ltd in Q3FY25 is reflected in its Profit After Tax (PAT) of ₹80.58 crores, which demonstrates a decrease of 14.9% compared to Q2FY25, where the PAT was ₹94.72 crores. Year-over-year, the PAT also decreased by 3.9% from ₹83.88 crores in Q3FY24. The earnings per share echoed this trend, standing at ₹2.50 in Q3FY25, down from ₹3.00 in Q2FY25 and ₹2.60 in Q3FY24. The Profit Before Tax (PBT) for Q3FY25 was ₹108.60 crores, 15.4% lower than Q2FY25 and 3.6% lower than Q3FY24. The tax expense for Q3FY25 was ₹30.04 crores, which decreased by 16.5% quarter-over-quarter and 1.3% year-over-year.
Operating Metrics
Elgi Equipments Ltd's total expenses for Q3FY25 were reported at ₹752.32 crores, showing a slight decrease of 0.3% from Q2FY25, where expenses were ₹754.55 crores. When compared to Q3FY24, total expenses increased by 4.4%, indicating a potential rise in operational costs or investment in business activities over the year. The data highlights a decrease in both quarter-over-quarter and year-over-year profitability metrics, which may be influenced by the changes in income and expenses. However, the operating metrics themselves do not provide deeper insights into specific operational efficiencies or inefficiencies without additional contextual information.
