Eimco Elecon (India) Q2 Results Live : Eimco Elecon (India) announced its Q2 results on October 17, 2024, reporting a significant year-on-year increase in both revenue and profit. The company’s topline surged by 30.35%, while profit rose by 20.97% compared to the same quarter last year.
However, when comparing the current quarter to the previous one, Eimco Elecon experienced a decline in revenue by 4.44% and a decrease in profit by 11.64%. This indicates potential challenges in sustaining growth momentum in the short term.
The company reported a reduction in selling, general, and administrative expenses, which declined by 11.72% quarter-on-quarter but rose by 17.96% year-on-year. This mixed performance in expenses reflects strategic cost management amid fluctuating revenue.
Operating income also saw a slight decrease of 0.33% from the previous quarter, although it increased by 20.14% year-on-year, showcasing resilience in the company’s core operations.
Eimco Elecon’s earnings per share (EPS) for Q2 stood at ₹22.64, marking a 20.94% increase year-on-year. This growth indicates strong profitability despite the quarterly declines.
Investors have responded positively to the company’s overall performance, as Eimco Elecon has delivered a 1.36% return in the last week, a remarkable 67.22% return over the past six months, and an impressive 92% year-to-date return.
Currently, Eimco Elecon (India) holds a market capitalization of ₹1771.96 Cr, with a 52-week high of ₹3499 and a low of ₹1268.5, reflecting the stock’s volatility and growth potential in the market.
Eimco Elecon (India) Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 66.63 | 69.72 | -4.44% | 51.12 | +30.35% |
| Selling/ General/ Admin Expenses Total | 12.28 | 13.91 | -11.72% | 10.41 | +17.96% |
| Depreciation/ Amortization | 1.86 | 1.78 | +4.42% | 1.78 | +4.58% |
| Total Operating Expense | 53.39 | 56.44 | -5.4% | 40.1 | +33.15% |
| Operating Income | 13.24 | 13.28 | -0.33% | 11.02 | +20.14% |
| Net Income Before Taxes | 19.21 | 18.36 | +4.62% | 14.09 | +36.31% |
| Net Income | 13.06 | 14.78 | -11.64% | 10.8 | +20.97% |
| Diluted Normalized EPS | 22.64 | 25.63 | -11.67% | 18.72 | +20.94% |
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