Elgi Equipments' Q2 Financial Report Shows Mixed Performance, Raw Material Cost Up 7.55%
Raw Material Cost - Quarterly: At Rs 465.57 cr has increased by 7.55% over preceding quarter.The company's raw material cost has increased, which may impact its profitability. Elgi Equipments, a midcap company in the compressors and pumps industry, has recently declared its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Elgi Equipments has shown a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been an improvement in the company's score from -5 to 2 in the last three months.
The company's operating cash flow has been consistently growing over the past three years, with the highest amount of Rs 287.70 crore generated annually. This indicates that the company has been able to generate higher cash revenues from its business operations.
In terms of net sales, Elgi Equipments has shown a positive trend in the last five quarters, with the highest amount of Rs 868.86 crore recorded in the most recent quarter. Similarly, the company's profit after tax (PAT) has also shown a positive trend, with the highest amount of Rs 94.72 crore in the last five quarters. This indicates that the company has been able to increase its profitability and create higher earnings for its shareholders.
On the other hand, the company's interest cost has been on the rise, with a growth of 34.58% over the preceding nine months period. This signifies that the company has increased its borrowings, which may impact its financial performance. Additionally, the raw material cost has also increased by 7.55% in the last quarter, which could potentially affect the company's profitability.
Overall, Elgi Equipments has shown a mixed performance in the recent quarter, with some positive and negative factors affecting its financials. Investors should carefully consider these factors before making any investment decisions.
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