Elgi Equipments has reported its Q2 FY25 financial results, showing a steady performance across key metrics. The company recorded a revenue from operations of ₹868.86 crore for the quarter ended September 30, 2024, marking a slight increase compared to ₹806.19 crore in the same period last year, translating to a Year-over-Year (YoY) growth of approximately 7.78%. Sequentially, revenue grew by 8.48% from ₹801.06 crore in the previous quarter.
The company’s total income for Q2 FY25, including other income, stood at ₹882.99 crore, up from ₹817.87 crore in Q2 FY24. This reflects the company’s ability to sustain revenue growth despite challenging market conditions.
On the expense side, total expenses for Q2 FY25 amounted to ₹754.55 crore, compared to ₹688.56 crore in the same quarter of the previous year. The largest components of expenses included the cost of materials consumed and employee benefits. These rising expenses affected profitability margins slightly but were managed efficiently.
Elgi Equipments reported a Profit Before Tax (PBT) of ₹130.68 crore, a decrease from ₹130.04 crore in Q2 FY24. The company’s net profit for the period stood at ₹94.72 crore, compared to ₹91.28 crore in the corresponding quarter last year, representing a YoY growth of 3.77%.
In summary, Elgi Equipments has demonstrated a steady quarter with moderate growth in revenue and net profit despite higher expenses. The company continues to show resilience and an ability to navigate rising costs while maintaining profitability.
