Elgi Equipments is eyeing its sales to bounce back to normal levels during the second quarter (Q2) of the current financial year. The Tamil Nadu-based company declared its financial results for the April-June 2023 quarter with its profit after tax growing by 24.2 per cent, to Rs 60.5 crore, from Rs 48.7 crore registered in the corresponding quarter of last year. The consolidated sales during the quarter under review rose to Rs 724 crore, from Rs 694 crore registered in the same period of last year.
Elgi Equipments is a holding company and an air compressor manufacturer. The company’s segments include Compressors, Automotive Equipments and Others.
