Earnings | Elecon Engineering Company Ltd (NSE: ELECON) | Q1FY24 Results Out; Total Income rises 31% YoY.

Elecon Engineering Company Ltd., established in 1960, specializes in the production and design of Material Handling Equipment and Incraft carriers. The company expanded its capabilities by acquiring the Benzlers-Radicon Group, a subsidiary of David Brown Gear Systems. Elecon Engineering Company is recognized for its expertise in engineering and manufacturing, offering a wide range of innovative solutions for various industries. With over six decades of experience, Elecon has established a strong presence in the market, delivering high-quality equipment and reliable services. The company continues to leverage its expertise and strategic acquisitions to meet the evolving needs of its customers and drive growth in the industry.

• Elecon Engineering Company Ltd Reported Total Income for Q1 FY24 of ₹423 Crore up from ₹322 Crore year on year, a growth of 31%.
• Total Expenses for Q1 FY24 of ₹ 329 Crore up from ₹278 Crore year on year, a growth of 18%.
• Consolidated Net Profit of ₹73 Crore, up 74% from ₹42 Crore in the same quarter of the previous year.
• The Earnings per Share is ₹ 6.50, up 72% from ₹ 3.77 in the same quarter of the previous year.