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Elin Electronics Ltd Q1FY24; 20% rise in Profits

Incorporated in 1969, Elin Electronics Limited is a leading electronics manufacturing services (“EMS”) provider. The company is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small/ kitchen appliances in India, and is one of the largest fractional horsepower motors manufacturers in India.

Financial Results:

Elin Electronics Ltd reported Revenues for Q1FY24 of ₹253.83 Crores down from ₹294.12 Crore year on year, a fall of 13.7%.

Total Expenses for Q1FY24 of ₹251.63 Crores down from ₹290.53 Crores year on year, a fall of 13.39%.

Consolidated Net Profit of ₹3.77 Crores up 20.45% from ₹3.13 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.76, up 2.70% from ₹0.74 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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