Elgi Equipments Q4 Review - Strong All-Round Performance Continues: ICICI Direct

A compressor seen at a Elgi Equipments Ltd. factory. (Source: Company website)

Elgi Equipments Q4 Review - Strong All-Round Performance Continues: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Elgi Equipments Ltd. reported a strong Q4 FY21 with consolidated revenue up 34.3% YoY to Rs 610.6 crore versus our estimate of Rs 548.8 crore.

Standalone revenue (domestic and direct exports compressor) grew by a robust 57.5% YoY to Rs 392.0 crore (~64% of consolidated topline) amid low base led by better demand in domestic market and robust exports while the international compressor business came in almost flat at Rs 167.5 crore, YoY (contributing ~27% of consolidated topline), the automotive segment revenue rebounded with Rs 34.4% growth to Rs 50.5 crore, YoY (~9% of revenue).

Click on the attachment to read the full report:

ICICI Direct Elgi Equipments Q4FY21 Result Update.pdf

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