Elgi Equipments disclosed a sharp rise in consolidated net profit for the quarter ended June 2016. During the quarter, the profit of the company rose 81.46% to Rs 256.06 million from Rs 141.11 million in the same quarter previous year.
Revenues for the quarter rose marginally 4.99% to Rs 3,395.85 million, compared with Rs 3,234 million for the prior year period.
Operating margin for the quarter stood at 114.78 percent as compared to 88.90 percent for the previous year period. Operating Income for the quarter was Rs 3,897.78 million, compared with Rs 2875.46 million in the previous year period.
Earnings per share for the quarter stood at Rs 1.42, registering 86.84% growth over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Jun - 16 | Jun - 15 | %Change |
| Revenues | 3,395.85 | 3,234.39 | 4.99 |
| Net Profit | 256.06 | 141.11 | 81.46 |
| Diluted EPS | 1.42 | 0.76 | 86.84 |
Shares of the company gained Rs 5.25, or 2.96%, to settle at Rs 182.45. The total volume of shares traded was 22,586 at the BSE (Friday).
