This stock engaged in producing and distributing equipment for construction and mining applications jumped upto 12 percent after the company declared its financial results. It bagged mixed sentiments from the market, which caused the stock to correct by 8 percent. In this article, we will look at their financials.
Price Movement
With a market capitalization of Rs 1,069 crore, the shares of Eimco Elecon (India) Ltd are currently trading at Rs 1,853 per share, down by 47 percent from its 52-week high of Rs 3,499 per share. During the last six months, the stock has given a negative return of 26.46 percent.
The reason behind this rally
On Wednesday, the company announced its financial results and made a couple of announcements.
The company reported a revenue of Rs 246.47 crores in FY25, up by 8.3 percent from its FY24 revenue of Rs 227.50 crores. And decreased by 24 percent YoY from 84.30 in Q4 FY24 crores to 64.28 crores in Q4 FY25. However, on a QoQ basis, it rose by 40 percent from 45.83 crores in Q3 FY25 to 64.28 crores in Q4 FY25
It posted a net profit of Rs 48.90 crores in FY25, up by 21 percent, from its FY24 net profit of Rs 40.41 crores. And increased by 0.26 percent YoY from 14.83 crores in Q4 FY24 to 14.87 crores in Q4 FY25. However, on a QoQ basis, it rose by 140 percent from 6.19 crores in Q3 FY25 to 14.87 crores in Q4 FY25.
Additionally, the Board of Directors of the· Company has recommended a Final Dividend of 50 percent, i.e, Rs. 5 per equity share of Rs. 10 each for the financial year ended 31st March, 2025.
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About the company
Eimco Elecon (India) Limited was established in 1974 and is located in Vallabh Vidyanagar, India. It produces and distributes equipment for construction and mining applications. It also exports equipment. Its product lines consist of air motors, drill machines, loaders, dump trucks, coal haulers, and continuous miner packages.
Inshort
The shares of Eimco Elecon (India) Ltd made an intraday high of Rs 1,990.90 per share, reflecting an intraday surge of 12 percent. This jump came after the company announced its financial results on Wednesday. However, the stock corrected by 8% and is currently trading at Rs 1,838.80 per share.
Written by Satyajeet Mukherjee
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