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Elecon Engineering Company Ltd Q2FY24; 37% rise in Profits

Elecon Engineering Company Ltd., incorporated in 1960, is involved in the design and manufacturing of Material Handling Equipment and Incraft carriers through the acquisition of Benzlers- Radicon Group belonging to the David Brown Gear Systems.

Financial Results:

Elecon Engineering Company Ltd reported Revenues for Q2FY24 of ₹485.00 Crores up from ₹389.00 Crore year on year, a rise of 24.68%.

Total Expenses for Q2FY24 of ₹382.00 Crores up from ₹311.00 Crores year on year, a rise of 22.83%.

Consolidated Net Profit of ₹89.00 Crores up 36.92% from ₹65.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹7.89, up 36.03% from ₹5.80 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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