Elecon Engineering Company Reports Flat Performance in Q2 FY25, Strong Operating Cash Flow Remains a Key Strength
Elecon Engineering Company, a midcap engineering firm specializing in industrial equipment, has recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Elecon Engg.Co has seen a flat performance in the quarter, with a score of 3 out of 4, which is a decrease from the previous quarter. However, there are some positive aspects to the company’s financials.
One of the key strengths of Elecon Engg.Co is its strong operating cash flow, which has been consistently growing over the past three years. In the last year, the company has generated a cash flow of Rs 364.81 crore from its business operations, which is the highest among its peers.
On the other hand, the company’s profit before tax (PBT) has shown a decline of -5.23% year on year, with a quarterly PBT of Rs 99.15 crore. This trend is a cause for concern in the near term.
Despite the mixed financial performance, Elecon Engineering Company remains a strong player in the engineering industry, with a focus on industrial equipment. Investors are advised to hold onto their stocks for now, as the company works towards improving its financials in the coming quarters.
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