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Hercules Hoists Ltd Q1FY24; 109% rise in Profits

Hercules Hoists Ltd offers a comprehensive range of products and services from manufacturing to the marketing of mechanical hoists, electric chain hoists, and wire rope hoists, stackers and storage and retrieval solutions, and other engineering machinery.


Financial Results:

  • Hercules Hoists Ltd reported Revenues for Q1FY24 of ₹41.05 Crores up from ₹30.96 Crore year on year, a rise of 32.59%.
  • Total Expenses for Q1FY24 of ₹37.71 Crores up from ₹29.11 Crores year on year, a rise of 29.54%.
  • Consolidated Net Profit of ₹4.81 Crores up 109.13% from ₹2.30 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹1.50, up 108.33% from ₹0.72 in the same quarter of the previous year.
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