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Elecon Engineering Co.Ltd.,’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Key Metrics and Growth Analysis

April 25, 2024April 25, 2024| adminadmin| 0 Comments| 6:35 am
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 32.99% in the past year Substantial increase in net sales/revenue by 19.23%.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 64.13%Marginal increase in other income during this quarter, up by 38.11%.
  • Profit over the Year and quarter: Significant improvement in profitability for Elecon Engineering Co.Ltd.,. Notable increase of 52.55% in net profit Year to YearElecon Engineering Co.Ltd.,’s profitability increased by 14.66% in this quarter.
  • EPS over the Year and quarter: EPS increased by 52.48% Year to Year.EPS increased by 14.64%. Positive impact on shareholders.
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The comprehensive analytics outlining the performance and outlook of Elecon Engineering Co.Ltd.,”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 424.545 Cr Rs. 473.56 Cr Rs. 564.62 Cr + 19.23% + 32.99%
Expenses Rs. 331.69 Cr Rs. 353.17 Cr Rs. 429.26 Cr + 21.54% + 29.42%
Operating Profit Rs. 92.86 Cr Rs. 120.39 Cr Rs. 135.36 Cr + 12.43% + 45.77%
OPM % 21.87 % 25.42 % 23.97 % -1.45% + 2.1%
Other Income Rs. 9.45 Cr Rs. 11.23 Cr Rs. 15.51 Cr + 38.11% + 64.13%
Interest Rs. 4.6 Cr Rs. 1.49 Cr Rs. 2.05 Cr + 37.58% -55.43%
Depreciation Rs. 13.6 Cr Rs. 12.64 Cr Rs. 12.58 Cr -0.47% -7.5%
Profit before tax Rs. 84.11 Cr Rs. 117.49 Cr Rs. 136.24 Cr + 15.96% + 61.98%
Tax % 19.59 % 23.31 % 24.36 % + 1.05% + 4.77%
Net Profit Rs. 67.95 Cr Rs. 90.4 Cr Rs. 103.65 Cr + 14.66% + 52.54%
EPS in Rs Rs. 6.06 Rs. 8.06 Rs. 9.24 + 14.64% + 52.48%


Today, we’re looking at Elecon Engineering Co.Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 32.99%. However, it did see a marginal increase of 19.23% from the previous quarter.Expenses ticked up slightly by 21.54% quarter-on-quarter, aligning with the annual rise of 29.42%. Operating profit, while up 45.77% compared to last year, faced a quarter-on-quarter increase of 12.43%, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.1%, but a shrinkage of -1.45% sequentially. Other income rose by 38.11% compared to the last quarter,despite an annual growth of 64.13%. Interest expenses surged remarkably by 37.58% from the previous quarter, yet the year-over-year decrease remains at a moderate -55.43%. Depreciation costs fell by -0.47% quarter-on-quarter, yet on an annual scale, they experienced a reduction of -7.5%. Profit before tax grew annually by 61.98% but saw an increase from the preceding quarter by 15.96%.
Tax expenses as a percentage of profits increased slightly by 4.77% compared to last year, with a more notable quarter-on-quarter increase of 1.05%. Net profit rose by 52.54% year-on-year but experienced a 14.66% expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 52.48% but a quarterly rise of 14.64%. In summary, Elecon Engineering Co.Ltd.,’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 424.545 Cr Rs. 473.56 Cr Rs. 564.62 Cr + 19.23% + 32.99%
Expenses Rs. 331.69 Cr Rs. 353.17 Cr Rs. 429.26 Cr + 21.54% + 29.42%
Operating Profit Rs. 92.86 Cr Rs. 120.39 Cr Rs. 135.36 Cr + 12.43% + 45.77%
Net Profit Rs. 67.95 Cr Rs. 90.4 Cr Rs. 103.65 Cr + 14.66% + 52.54%
EPS in Rs Rs. 6.06 Rs. 8.06 Rs. 9.24 + 14.64% + 52.48%


In reviewing Elecon Engineering Co.Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 13.62% year-on-year growth, however, there was a minor increase of 19.23% from the previous quarter. Expenses rose by 29.42% compared to the previous year, with a 21.54% increase quarter-on-quarter. Operating Profit surged by 45.77% annually, and saw a 12.43% increase from the last quarter.
Net Profit showed yearly increase of 52.54%, and experienced a 14.66% increase from the previous quarter. Earnings Per Share (EPS) rose by 52.48% annually, however rose by 14.64% compared to the last quarter. In essence, while Elecon Engineering Co.Ltd., exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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