ELECON ENGINEERING CO.LTD.
P&L
Quarterly Consolidated
vs Q2 FY25
Elecon Engineering Reports 12% YoY Revenue Growth in Q3FY25; MHE Division Sees 72% Growth
22 Jan 2025 · 22 Jan 2025, 05:57 pm
Summary
Elecon Engineering Company Limited announced its unaudited financial results for the quarter and nine months ended 31st December 2024. The company reported a 12% year-on-year growth in consolidated revenues for Q3FY25, with the Material Handling Equipment (MHE) division seeing a remarkable 72% year-on-year revenue growth. The Gear division experienced a marginal growth in revenues but saw an overall decline over 9MFY25 period due to delay in order inflows. The company remains committed towards new product development and is progressing towards its target of generating 50% of its revenue from overseas markets by FY30.
Key Highlights
- 1
Elecon reported consolidated revenues of Rs. 529 crores in Q3FY25, reflecting a 12% year-on-year growth
- 2
The quarter's EBITDA stood at Rs. 143 crores, with EBITDA margins at 27%
- 3
Profit after Tax (PAT) for Q3FY25 was Rs. 108 crores, with PAT margins at 20%
- 4
MHE division saw a remarkable 72% year-on-year revenue growth in Q3FY25
- 5
The company is progressing towards its target of generating 50% of its revenue from overseas markets by FY30
Management Comments
Shri Prayasvin B. Patel
Chairman & Managing Director of Elecon Engineering Co. Ltd.
For Q3FY25, Elecon reported consolidated revenues of 529 crores, reflecting a 12% year-on-year growth... Our priority remains towards profitable growth and creating long-term value for our shareholders.
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