News & Updates » Strong Q2 result lifts up Elgi Equipments

 

Strong Q2 result lifts up Elgi Equipments

17 November 2016

Elgi Equipments Ltd. Board Meeting date fixed

Elgi Equipments surged 5.64% to Rs 177 on BSE after consolidated net profit jumped 235.67% to Rs 18.05 crore on 1.42% rise in sales to Rs 341.60 crore in Q2 September 2016 over Q2 September 2015.


The result was announced after market hours on 15th November 2016.

 

On BSE, so far 3,158 shares were traded in the counter as against average daily volume of 5,093 shares in the past one quarter. The stock hit a high of Rs 184.10 and a low of Rs 173.45 so far during the day. The stock had hit a record high of Rs 204.70 on 10 October 2016. The stock had hit a 52-week low of Rs 118.70 on 11 February 2016. The stock under-performed the market over the past one month till 15 November 2016, dropping 13.14% compared with the Sensex's 4.95% fall. The scrip however outperformed the market in past one quarter, declining 0.27% as against the Sensex's 6.56% decline.


Click here to see the Financial Results & Segment Report for quarter ended 30.09.2016.


Below is the Press Release dated 15th November 2016

Elgi Equipments Press Release Dated 15 November 2016