Elecon Engineering Co. Reports Strong Q4 Results, Receives 'Buy' Call from MarketsMOJO

Elecon Engineering Company, a midcap industrial equipment company, has recently declared its financial results for the quarter ending March 2024. The company has received a 'Buy' call from MarketsMOJO, indicating a positive outlook for its stock. According to the financial report, Elecon Engg.Co has shown a very positive performance in the last quarter of 2024. The company's operating profit (PBDIT) has reached its highest at Rs 135.36 crore and has grown consistently in the last five quarters. This trend is expected to continue in the near future. Similarly, the company's profit before tax (PBT) has also shown a positive trend, reaching its highest at Rs 123.20 crore and growing each quarter in the last five quarters. The PBT has also shown a significant year-on-year growth of 61.51%, indicating a strong financial performance. The profit after tax (PAT) has also seen a positive trend, reaching its highest at Rs 103.65 crore and growing consistently in the last five quarters. The PAT has also shown a year-on-year growth of 52.6%, highlighting the company's profitability. The net sales for the quarter have reached its highest at Rs 564.62 crore, showing a positive trend and a year-on-year growth of 33.00%. This indicates a strong demand for the company's industrial equipment. The company's earnings per share (EPS) have also shown a positive trend, reaching its highest at Rs 9.24 in the last five quarters. This indicates an increase in profitability and higher earnings for shareholders. However, the non-operating income has shown a slight increase, reaching its highest at Rs 13.04 crore in the last five quarters. This may not be sustainable in the long run and the company should focus on its core business activities. Overall, Elecon Engineering Company has shown a strong financial performance in the last quarter of 2024, with positive trends in key financial indicators. This is a promising sign for the company's future growth and investors can consider buying its stock based on the 'Buy' call from MarketsMOJO.