Elecon Engineering Q1FY24 Results: Consolidated PAT of Rs. 72.96 Cr

Elecon Engineering Q1FY24 Results Consolidated PAT of Rs. 72.96 Cr

Elecon Engineering Q1 results show revenue fell from 432.35 crores to 422.84 crores, a 2.20% decrease in growth. EPS rise from ₹6.05 to ₹6.50, up by 7.44%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Elecon Engineering shared its Q1 results on Tuesday. They earned 422.84 crores in revenue this quarter, but that’s less than the 432.35 crores they made last quarter. Unfortunately, the company’s growth decreased by 2.20 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 72.96 crores, up from 67.94 crores in the previous quarter. Their quarter-to-quarter growth increased by 7.39 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹6.50, which is an increase of 7.44% from the ₹6.05 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 422.84 crores this year (2023), which is 27.29 percent higher than last year’s total revenue of 332.18 crores.

This year’s PAT (Profit After Tax) is 72.96 crores, which is also 72.44% higher than last year’s PAT of 42.31 crores.

The EPS (Earnings Per Share) for this year is ₹6.50, which is 72.41% more than the EPS of ₹3.77 earned last year.

Elecon Engineering Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Elecon Engineering :

Elecon Engineering Company Limited, headquartered in Anand, Gujarat, is an Indian multinational corporation. The company is renowned for its expertise in manufacturing industrial gears and material handling equipment.

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