Elgi Equipments Limited, a premier manufacturer of air compressors, announced robust financial results for the second quarter of the fiscal year 2024-2025, demonstrating significant growth in both domestic and international markets.
For the quarter ending September 30, 2024, Elgi Equipments reported consolidated sales of ₹869 Crores, a substantial increase of 8% over the previous quarter’s ₹806 Crores. This growth was driven by strong performance in diverse markets, with domestic sales soaring to ₹531 Crores, up 21% from the same quarter last year. The company’s profitability also saw an impressive rise, with profit before tax (PBT) reaching ₹594 Crores, marking a 39% increase year-over-year.
The standout performance extends beyond financials, reflecting it’s strategic expansions and operational excellence. “Our growth trajectory in the Indian market aligns with the broader industrial growth trends. We’ve also seen significant momentum in the Middle Eastern and European markets, though performance in South-East Asia was subdued,” commented a company spokesperson.
In addition to financial growth, the company remains committed to innovation and sustainability in its product offerings. The company’s automotive garage equipment sector witnessed strong sales growth, underscoring Elgi’s leadership in providing advanced solutions that meet the evolving needs of the automotive industry.
Looking ahead to the third quarter of 2024-2025, Elgi Equipments is optimistic about maintaining its growth momentum. “With a solid foundation and a clear strategic direction, we are well-positioned to continue our path of profitable growth and innovation,” added the spokesperson.
Elgi Equipments Limited is a global air compressor manufacturer known for its wide range of innovative and advanced compressed air systems. ELGi focuses on maximizing customer productivity and reducing ownership costs. The company offers oil-lubricated and oil-free rotary screw air compressors, reciprocating air compressors, centrifugal air compressors, dryers, filters, downstream accessories, and IoT solutions for 24×7 remote monitoring. With over 400 products, ELGi serves various industries.
