“Growth in the Indian market was in line with the overall industrial growth. Middle Eastern market continued to perform well. The Company has been witnessing some momentum in Europe too.”
Elgi Equipments Ltd, manufacturer of air compressors posted a consolidated sales for the quarter of ₹869 Crore as against ₹806 Crore in the corresponding quarter in 2023- 2024, representing a growth of 8%. Standalone sales for the quarter was ₹531 Crore compared to ₹439 Crore for the same quarter in 2023-24, representing a growth of 21%.
The Company, on a consolidated basis posted a PAT of ₹94.7 Crore for the quarter, compared to a PAT of ₹91.3 Crore in the same period in 2023-2024, representing a growth of 4%. The standalone PAT for the quarter was ₹97.9 Crore as compared to a PAT of ₹83.3 Crore in the same period in 2023-24, representing a growth of 17%.
Growth in the Indian market was in line with the overall industrial growth. Middle Eastern market continued to perform well. The Company has been witnessing some momentum in Europe too. Performance in the US, Australian, Brazilian and South-East Asian markets was subdued.
Sales of the Company’s automotive garage equipment business registered strong growth when compared to the corresponding period of 2023-24.
Outlook for the Third Quarter -2024-25: The Company expects to grow its business at the same level as in the second quarter.
