Eimco Elecon (India) Q2 Results Live: Profit Rises by 20.97% YoY

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.