Skip to main content

Elgi Equipments Limited III Quarter 2018-19 Revenue stands at Rs. 296 Crores

Elgi Equipments Ltd, manufacturer of air compressors, announced today the results for the third quarter ended 31st December, 2018, posting a PAT of Rs. 19.0 Crores on a standalone basis for the quarter, compared to Rs. 19.4 Crores in the same period in 2017-2018. Sales for the quarter was Rs. 296 Crores as against Rs. 268 Crores in the corresponding quarter in 2017-2018.

The consolidated PAT for the group for the quarter ended 31st December, 2018 was Rs.23,4 Crores as compared to Rs. 28.0 Crores during the corresponding period in 2017-2018. Consolidated sales for the group was Rs. 470 Crores for the quarter ended 31st December, 2018 compared to Rs. 415 Crores in the corresponding quarter in 2017-2018

The Company's compressor business in the domestic market grew by 11% over the corresponding quarter in 2017-18. Domestic sales growth has been in line with expectations, though there have been challenges in some segments. The Company continues to grow its share of business in the domestic market. The Company's international business has grown steadily in its key focus markets. The performance in these markets is in line with expectations.

The Company's automotive business though sluggish this quarter is expected to improve in the latter part of this year.

Outlook for the IV Quarter 2018-19

The domestic market is expected to witness moderate growth and international business is expected to grow to expectations. With its market initiatives, the Company is confident of creating opportunities and opening up new avenues of revenue..

Comments

Popular posts from this blog

Snap Tube can download any video in your regional language

Snap Tube is an Internet Company founded in 2016 with the objective in providing services in the mobile related products and services. Within a span of 18 months, Snap Tube gained lead place in the global market by its satisfactory service to its esteemed consumers. Snap Tube started new feature in India where the user can use the app in his mother tongue, where Snap tube is coming up with the introduction of Indian Regional languages. Namely Hindi, Tamil, Telugu, Bengali, Gujarati, Malayalam, Marathi, Urdu and Kannada.
Snap Tube is now operated and available in more than 100 countries and recognized as trust worthy around the globe. Now there are more than 40 million downloads across the world and everyday more than 10 million users are getting the benefits of the application.
Snap Tube is a tool designed to download videos in a simple, fast, and convenient way from YouTube, Facebook, Twitter, and Instagram. It is a user friendly and with this application user can download the video…

Insurtech startup Kruzr raises $1.3 Million from Saama Capital and Better Capital

InsurTech startup Kruzr has raised 1.3 Million USD (Rs. 9.5 Cr) for its seed round led by Saama Capital with participation from Better Capital. Kruzr is a preventive motor insurance technology which helps insurance companies personalize policy premiums & improve their risk model by delivering an engaging preventative driving assistant to their customers. Kruzr is founded by Pallav Singh, Ayan, and Jasmeet Singh Sethi.

Kruzr blends the power of voice technology and artificial intelligence in its personal driving assistant that helps drivers minimize mobile distractions, drowsy driving, speeding and external risks like weather and accident-prone zones. In pilots with insurers, Kruzr managed to cut down distracted driving by 80%. Kruzr is working with motor insurance companies in Europe, UK and India to bring its technology to their customers to prevent accidents & improve claims.

“Road accidents cause over 1.3 million deaths globally every year, and motor insurance companies los…

Going Beyond the Buzz in 2019-Understanding 'Digital'

By: Chris Pope, Global VP of Innovation, ServiceNow

There are college degrees in computer science and software engineering that feature various different programming languages and methodologies. Looking further, there are technical architecture courses and many extended forms of tuition designed to school us in every aspect of technology you can think of. Yet, despite all these channels of teaching and the many books that have been written to explore our world of technology, we appear to largely fail when it comes to formalising a wider approach to simply ‘teaching digital’.

Understanding digital, the subject, the discipline itself, is a prerequisite if firms are going to actually appreciate where new and emerging technology will have an impact on an organisation.

A responsibility to embrace digital
The consequences of not embracing digital and the process of moving fundamental work operations to new cloud-based, services-driven platforms leads to something of a vicious circle. Firms st…

Best Five Apps to Help You to Keep Your New Year’s Resolutions

Millions of people will declare their resolutions for 2017. Whether you're resolving to lose weight, get fit, pay off your debt, or just be more grateful for the life you've got, it can be notoriously difficult to follow through in the long run. But put technology on your side and give it your best shot. Here are best five apps designed to help you stick with your New Year's resolutions and achieve your goals.