{"id":128305,"date":"2022-03-18T06:53:27","date_gmt":"2022-03-18T10:53:27","guid":{"rendered":"https:\/\/44.250.171.167\/?p=128305"},"modified":"2022-10-05T06:19:48","modified_gmt":"2022-10-05T10:19:48","slug":"elgi-equipments-limited-q3-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/elgi-equipments-limited-q3-fy22-earnings-conference-call-insights\/","title":{"rendered":"Elgi Equipments Limited Q3 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Elgi Equipments Limited Q3 FY22 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/V0nOKE4HeFU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Elgi Equipments Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/ELGIEQUIP\/\">ELGIEQUIP<\/a>) Q3 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>ELGIEQUIP stated that sales have been positive all around the world, resulting in about 20% growth compared to 3Q21. And added that the company is well within the capex range of INR30-35 crores.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Ravi Swaminathan of Spark Capital asked about the growth seen across sectors in India. Jairam Varadaraj MD replied that large project-based sectors like cement and steel have been muted. Cement, with real estate coming back, there is a strong growth. There is no one sector that has grown disproportionately high. All sectors have grown.<\/li>\n<\/ul>\n<ul>\n<li>Ravi Swaminathan of Spark Capital asked if 11% consolidated margins can be maintained going forward. Jairam Varadaraj MD said that on price realization, the company doesn\u2019t think 3Q takes in all of it. ELGIEQUIP will continue to see marginal improvement in price realization in 4Q22.<\/li>\n<\/ul>\n<ul>\n<li>Ravi Swaminathan of Spark Capital asked if the company would need any price increases going forward. Jairam Varadaraj MD replied that if commodity prices continue to behave the way they are and there are, again, indications that they&#8217;re going to go up, then ELGIEQUIP has to react.<\/li>\n<\/ul>\n<ul>\n<li>Renjith Sivaram from Mahindra Manulife enquired about oil free compressors and the company\u2019s position in the market. Jairam Varadaraj MD replied that it has a good range as any of the manufacturers in the oil-free segment. In electronics, ELGIEQUIP has got some very significant orders from some of the leading semiconductor manufacturers in Southeast Asia. And ELGIEQUIP is well placed.<\/li>\n<\/ul>\n<ul>\n<li>Renjith Sivaram from Mahindra Manulife asked if the Europe strategy is going as per planned. Jairam Varadaraj MD replied that the company\u2019s losses in Europe are lower than the planned losses, and the \u00a0revenue in Europe is higher than the planned revenue. The company is in the third year of a 5 year plan and is doing less loss than planned.<\/li>\n<\/ul>\n<ul>\n<li>Harshit Patel from Equirus Securities asked about the distribution footprint overseas in North America and Europe five years ago vs. today. \u00a0Jairam Varadaraj MD answered that in Europe five years ago to now, probably distribution growth is 100x. Looking at North America, it&#8217;s probably 30x. The company\u2019s strategy in both these countries has been to get into being considered by some of the strong distributors in both these geographies.<\/li>\n<\/ul>\n<ul>\n<li>Manish Goyal from Enam Holdings asked if the company expects further improvement in gross margin and reflecting that at the EBITDA level. Jairam Varadaraj MD said it may not be as significant as what the company has done from 2Q to 3Q or 3Q21 to 3Q22, but 1-1.5% is what the company expects in 4Q22.<\/li>\n<\/ul>\n<ul>\n<li>Manish Goyal from Enam Holdings asked that looking at the growth momentum, does the company expects to look for some capacity enhancement. Jairam Varadaraj MD replied that the company is continuing to invest in increasing capacity wherever relevant.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Elgi Equipments Limited (ELGIEQUIP) Q3 FY22 Earnings Concall Management Update: ELGIEQUIP stated that sales have been positive all around the world, resulting in about 20% growth compared to 3Q21. And added that the company is well within the capex range of INR30-35 crores. Q&amp;A Highlights: Ravi Swaminathan of Spark Capital asked about [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,12],"tags":[8202],"class_list":["post-128305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-other-industries","tag-machinery"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":143440,"url":"https:\/\/alphastreet.com\/india\/elgi-equipments-limited-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128305,"position":0},"title":"Elgi Equipments Limited Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"March 29, 2023","format":false,"excerpt":"Key highlights from Elgi Equipments Limited (ELGIEQUIP) Q3 FY23 Earnings Concall Management Update: [00:07:59] ELGIEQUIP expects 4Q23 to be as strong as 3Q23, and capex is expected to remain within INR50 crores. [00:09:40] ELGIEQUIP said that with the sale of its property, the company has no debt on the books\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":171301,"url":"https:\/\/alphastreet.com\/india\/elgi-equipments-q1-fy26-earnings-results\/","url_meta":{"origin":128305,"position":1},"title":"Elgi Equipments Q1 FY26 Earnings Results","author":"Divyansh_Kasana","date":"September 17, 2025","format":false,"excerpt":"Company Overview: Incorporated in 1960, Elgi Equipments Limited and its subsidiaries manufacture and supply air compressors and automotive equipment. The company also provides related after-sales services. Presenting below its Q1 FY26 Earnings Results. Financial Highlights for Q1 FY26: Revenue: \u20b9867 crore, up 8.24% year-on-year from \u20b9801 crore Total Expenses: \u20b9772\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"ELGIEQUIP Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/ELGIE.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/ELGIE.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/ELGIE.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/ELGIE.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/ELGIE.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/ELGIE.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":140056,"url":"https:\/\/alphastreet.com\/india\/elgi-equipments-limited-q3-fy23-net-profit-surged-by-92\/","url_meta":{"origin":128305,"position":2},"title":"Elgi Equipments Limited Q3 FY23; Net Profit Surged By 92%","author":"Hardik Bhandare","date":"February 3, 2023","format":false,"excerpt":"Elgi Equipments Limited (NSE: ELGIEQUIP) reported Revenue from Operations for Q3 FY23 of \u20b9772.44 Crore up from \u20b9655.61 Crore year on year, a growth of 18%. Consolidated Net Profit of \u20b980.06 Crore, up 92% from \u20b941.73 Crore in the same quarter of the previous year. The Earnings per Share is\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/3c99c110-c21c-4135-bf53-2f6bc41bd33d-1-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/3c99c110-c21c-4135-bf53-2f6bc41bd33d-1-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/3c99c110-c21c-4135-bf53-2f6bc41bd33d-1-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/3c99c110-c21c-4135-bf53-2f6bc41bd33d-1-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/3c99c110-c21c-4135-bf53-2f6bc41bd33d-1-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/3c99c110-c21c-4135-bf53-2f6bc41bd33d-1-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":142966,"url":"https:\/\/alphastreet.com\/india\/earnings-elgi-equipments-ltd-nse-elgiequip-q3fy23-results-out-total-income-rise-18-yoy\/","url_meta":{"origin":128305,"position":3},"title":"Earnings | Elgi Equipments Ltd. (NSE: ELGIEQUIP): Q3FY23 Results Out; Total Income rise 18% YoY","author":"Divyansh_Kasana","date":"February 28, 2023","format":false,"excerpt":"Elgi Equipments Ltd. (NSE: ELGIEQUIP) is a leading air compressor manufacturer based in India. The company offers a range of compressed air solutions to various industries, including automotive, textiles, food and beverage, construction, and healthcare. Elgi Equipments is known for its innovative products, advanced technology, and commitment to sustainability. The\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128210,"url":"https:\/\/alphastreet.com\/india\/cummins-india-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128305,"position":4},"title":"Cummins India Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"March 10, 2022","format":false,"excerpt":"https:\/\/youtu.be\/8q8BsZ_b5zc Key highlights from Cummins India Ltd (CUMMINSIND) Q3 FY22 Earnings Concall Management Update: CUMMINSIND stated that 3Q22 was a record quarter for the company in terms of revenue and EBIT. The company\u2019s distribution, industrial and associate JV companies, that is CGT and VCPL, also recorded their best-ever sales for\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":129474,"url":"https:\/\/alphastreet.com\/india\/polycab-india-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128305,"position":5},"title":"Polycab India Limited Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 12, 2022","format":false,"excerpt":"https:\/\/youtu.be\/kTiL7aOjN6Q Key highlights from Polycab India Limited (POLYCAB) Q4 FY22 Earnings Concall Management Update: POLYCAB stated its overall top-line surpassed INR120 billion clocking 17% CAGAR in the last 5 years. And export is inching towards becoming a sustainable INR10 billion business. POLYCAB invested about INR2 billion to acquire around 55,000\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=128305"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=128305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=128305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=128305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}