Elgi Equipments has incorporated a wholly owned subsidiary in Australia on July 12, 2011 under the name and style of ‘ELGI EQUIPMENTS AUSTRALIA’.
The company has reported a jump of 27.20% in its net profit at Rs 14.45 crore for the quarter ended March 31, 2011 against Rs 11.36 crore for the quarter ended March 31, 2010. The company has reported net sales / income from operations of Rs 196.45 crore for the quarter ended March 31, 2011, up by 11.99% against Rs 175.41 crore for the quarter ended March 31, 2010.
Elgi Equipments is engaged in manufacturing of air compressors and automobile service station equipment. Products manufactured by company has wide applications in the area of mining, pharmaceuticals, ship building, power, oil, chemicals, textiles, printing, paper, transport, electronics, telecommunications, defence, medical, railways, food and beverages and plastics.