Elgi Equipments Limited Reports Earnings Results for the Second Quarter and Half Year Ended September 30, 2023
November 08, 2023 at 06:32 am EST
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Elgi Equipments Limited reported earnings results for the second quarter and half year ended September 30, 2023. For the quarter, the company reported sales was INR 8,061.19 million compared to INR 7,387.22 million a year ago. Revenue was INR 8,178.17 million compared to INR 7,533.91 million a year ago. Net income was INR 912.88 million compared to INR 719.59 million a year ago. Basic earnings per share from continuing operations was INR 2.89 compared to INR 2.27 a year ago. Diluted earnings per share from continuing operations was INR 2.88 compared to INR 2.27 a year ago.
For the half year, the company reported sales was INR 15,299.94 million compared to INR 14,325.17 million a year ago. Revenue was INR 15,592.02 million compared to INR 14,589.37 million a year ago. Net income was INR 1,517.68 million compared to INR 1,206.44 million a year ago. Basic earnings per share from continuing operations was INR 4.8 compared to INR 3.81 a year ago. Diluted earnings per share from continuing operations was INR 4.8 compared to INR 3.81 a year ago.
Elgi Equipments Limited is an India-based company, which is engaged in manufacturing and trading of air compressors. The Companyâs segment includes Air compressors and Automotive equipmentâs. It provides a range of compressors, which includes oil lubricated screw air compressors, oil free piston air compressors, oil free screw air compressors, oil lubricated piston air compressors, diesel portable air compressors, electric portable air compressors, electric portable air compressors, medical air compressors & vacuum pumps, heat recovery systems, and air accessories. Its diesel portable compressor products include trolley mounted compressors 185-1200 cubic feet per minute (CFM) and skid mounted compressors 500-1500 CFM. Its oil lubricated piston air compressors products include 1-2 HP single-stage direct drive reciprocating compressor, 1-3 HP single-stage belt drive reciprocating compressor, 3-10 HP two-stage direct drive reciprocating air compressor.
ELGI EQUIPMENTS LIMITED 
