Elgi Equipments Limited – Third Quarter 2021-22 Results
Elgi Equipments Ltd, posts a PAT of Rs. 41.73 Crores for the Third Quarter 2021-22
Elgi Equipments Ltd, manufacturer of air compressors, posted a PAT of Rs. 41.73 Crores for the December 2021 quarter, compared to Rs. 34.61 Crores in the same period in 2020-21, on a consolidated basis. The standalone PAT for the quarter was Rs. 45.78 Crores as compared to Rs. 33.47 Crores in the same period in 2020-21.
Consolidated sales for the quarter was Rs. 656 Crores as against Rs. 547 Crores in the corresponding quarter in 2020-21. Standalone sales for the quarter was Rs. 409 Crores compared to Rs.323 Crores for the same quarter in 2020-21.
Except for the Australia where the impact of COVID was more pronounced, the Company performed well in India and other international markets. The Company’s automotive business also performed well.
Outlook for the fourth quarter -2021-22
The Company expects to deliver moderate growth over the corresponding period of the last financial year.
About ELGi:
Elgi Equipments Limited is a global air compressor manufacturer with a broad line of innovative and technologic ally superior compressed air systems. ELGi has consistently worked towards ensuring that its customers achieve their productivity goals while keeping the cost of ownership low. ELGi offers a complete range of compressed air solutions from oil lubricated and oil free rotary screw compressors, oil lubricated and oil free reciprocating com pressors and centrifugal compressors, to dryers, filters and downstream accessories. The company’s portfolio of over 400 products has found wide application across industries. For further information on the organisation and its products, please visit http://www.elgi.com
