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Elgi Rubber Company Ltd Q1FY24; 2314% rise in Profits

Elgi Rubber Company Ltd is engaged in manufacturing a comprehensive range of raw materials, equipment, tools and accessories used in the ‘Rubber Industry’, predominantly in the ‘Tyre sector’.

Financial Results:

Elgi Rubber Company Ltd reported Revenues for Q1FY24 of ₹95.33 Crores down from ₹97.54 Crore year on year, a fall of 2.27%.

Total Expenses for Q1FY24 of ₹100.33 Crores down from ₹106.93 Crores year on year, a fall of 6.17%.

Consolidated Net Profit of ₹5.07 Crores up 2314.29% from ₹0.21 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.01, up 2,425.00% from ₹0.04 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.

Tags: rubber
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