This inventory engaged in producing and distributing tools for building and mining purposes jumped upto 12 p.c after the corporate declared its monetary outcomes. It bagged combined sentiments from the market, which precipitated the inventory to appropriate by 8 p.c. On this article, we are going to have a look at their financials.
Value Motion
With a market capitalization of Rs 1,069 crore, the shares of Eimco Elecon (India) Ltd are at the moment buying and selling at Rs 1,853 per share, down by 47 p.c from its 52-week excessive of Rs 3,499 per share. Over the last six months, the inventory has given a damaging return of 26.46 p.c.
The rationale behind this rally
On Wednesday, the corporate introduced its monetary outcomes and made a few bulletins.
The corporate reported a income of Rs 246.47 crores in FY25, up by 8.3 p.c from its FY24 income of Rs 227.50 crores. And decreased by 24 p.c YoY from 84.30 in This fall FY24 crores to 64.28 crores in This fall FY25. Nonetheless, on a QoQ foundation, it rose by 40 p.c from 45.83 crores in Q3 FY25 to 64.28 crores in This fall FY25
It posted a web revenue of Rs 48.90 crores in FY25, up by 21 p.c, from its FY24 web revenue of Rs 40.41 crores. And elevated by 0.26 p.c YoY from 14.83 crores in This fall FY24 to 14.87 crores in This fall FY25. Nonetheless, on a QoQ foundation, it rose by 140 p.c from 6.19 crores in Q3 FY25 to 14.87 crores in This fall FY25.
Moreover, the Board of Administrators of the· Firm has advisable a Remaining Dividend of 50 p.c, i.e, Rs. 5 per fairness share of Rs. 10 every for the monetary yr ended thirty first March, 2025.
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In regards to the firm
Eimco Elecon (India) Restricted was established in 1974 and is positioned in Vallabh Vidyanagar, India. It produces and distributes tools for building and mining purposes. It additionally exports tools. Its product traces encompass air motors, drill machines, loaders, dump vehicles, coal haulers, and steady miner packages.
Inshort
The shares of Eimco Elecon (India) Ltd made an intraday excessive of Rs 1,990.90 per share, reflecting an intraday surge of 12 p.c. This bounce got here after the corporate introduced its monetary outcomes on Wednesday. Nonetheless, the inventory corrected by 8% and is at the moment buying and selling at Rs 1,838.80 per share.
Written by Satyajeet Mukherjee
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