Hot Pursuit     17-Oct-23
Eimco Elecon hits the roof after robust Q2 numbers
Eimco Elecon (India) hit an upper limit of 10% to Rs 1524.20 after the company's consolidated net profit soared 77% to Rs 10.80 crore on 38.6% increase in net sales to Rs 51.12 crore in Q2 September 2023 over Q2 September 2022.
Profit before tax rose by 78.1% year on year to Rs 14.09 crore in the Q2FY24.

Total expenses rose 25.1% to Rs 38.31 crore in Q2 FY24 over Q2 FY23. During the quarter, cost of materials consumed stood at Rs 18.51 crore (up 157.8% YoY) while employee benefits expense was at Rs 4.02 crore (up 8.9% YoY).

Net cash flow from operating activities stood at Rs 7.11 crore as on 30 September 2023, lower than Rs 12.04 crore as on 30 September 2022.

Eimco Elecon is a manufacturer and supplier of various mining and construction equipment in India.

Previous News
  Eimco Elecon (India) consolidated net profit rises 1416.00% in the March 2022 quarter
 ( Results - Announcements 29-Apr-22   16:26 )
  Eimco Elecon (India) reports standalone net loss of Rs 1.28 crore in the June 2022 quarter
 ( Results - Announcements 20-Jul-22   13:38 )
  Eimco Elecon (India) fixes record date for dividend
 ( Market Beat - Reports 23-May-22   18:12 )
  Eimco Elecon (India) reports consolidated net loss of Rs 1.30 crore in the June 2022 quarter
 ( Results - Announcements 20-Jul-22   13:38 )
  Eimco Elecon (India) to declare Quarterly Result
 ( Corporate News - 01-Jul-19   16:41 )
  Eimco Elecon (India) to table results
 ( Corporate News - 13-Jan-23   11:42 )
  Eimco Elecon (India) standalone net profit declines 37.30% in the September 2020 quarter
 ( Results - Announcements 30-Oct-20   14:31 )
  Eimco Elecon (India) to declare Quarterly Result
 ( Corporate News - 22-Apr-22   10:41 )
  Eimco Elecon (India) consolidated net profit declines 84.97% in the March 2020 quarter
 ( Results - Announcements 25-Jun-20   14:24 )
  Eimco Elecon (India) announces board meeting date
 ( Corporate News - 27-Jul-20   14:44 )
  Eimco Elecon (India) AGM scheduled
 ( Corporate News - 02-Jul-19   17:21 )
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