Elgi Equipments turns black in Q1
4th Aug 2021

Elgi Equipments has reported results for first quarter ended June 30, 2021.

The company has reported net profit at Rs 26.01 crore for the quarter under review as compared to net loss of Rs 7.06 crore for the same quarter in the previous year. Total income of the company reported 2- fold jump at Rs 311.24 crore for Q1FY22 as compared Rs 124.97 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit attributed to the owners at Rs 12.02 crore for the quarter under review as compared to net loss of Rs 8.73 crore for the same quarter in the previous year. Total income of the company increased by 71.77% at Rs 501.34 crore for Q1FY22 as compared Rs 291.87 crore for the corresponding quarter previous year.