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20-Apr-2024

Elecon Engineering Company

Net up 53% on good operating show,


'Consolidated net sales (including other operating income) of Elecon Engineering Company has increased 33% to Rs 564.62 crore.  Sales of Material Handling Equipment segment has gone up 93.34% to Rs 112.29 crore (accounting for 19.89% of total sales).  Sales of Transmission Equipment segment has gone up 23.43% to Rs 452.33 crore (accounting for 80.11% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has jumped 58.31% to Rs 141.53 crore.  PBIT of Material Handling Equipment segment rose 135.43% to Rs 26.25 crore (accounting for 18.55% of total PBIT).  PBIT of Transmission Equipment segment rose 47.32% to Rs 115.28 crore (accounting for 81.45% of total PBIT).  

PBIT margin of Material Handling Equipment segment rose from 19.20% to 23.38%.  PBIT margin of Transmission Equipment segment rose from 21.35% to 25.49%.  Overall PBIT margin rose from 21.06% to 25.07%. &nb...



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