Elgi Equipments Q1 FY27 Consolidated Sales Up 23% to ₹1,062 Cr

Elgi Equipments Ltd reported a strong first quarter for FY27, with consolidated sales reaching ₹1,062 Crores, a 23% increase from ₹867 Crores in the corresponding quarter of FY26. Standalone sales also saw significant growth, rising 28% to ₹645 Crores from ₹503 Crores. Consolidated Profit After Tax (PAT) before exceptional items grew by 29% to ₹111 Crores from ₹86 Crores. Standalone PAT increased to ₹90 Crores from ₹82 Crores. The company attributed this double-digit growth to resilient performance in India and American markets, despite subdued performance in Europe and Australia due to economic headwinds. The automotive business also posted double-digit growth. Elgi maintains a positive outlook for the second quarter, expecting to achieve budgeted performance despite geopolitical tensions and rising costs.