Key Events This Week
May 25: Stock opens steady at Rs.8.79 with no price change
May 26: Stock remains unchanged despite Sensex dipping 0.17%
May 27: No price movement as Sensex gains 0.31%
May 29: Q4 FY26 results reveal massive losses; stock closes flat at Rs.8.79
Are Elgi Rubber Company Ltd latest results good or bad?
2026-05-30 19:43:38Elgi Rubber Company Ltd's latest financial results for Q4 FY26 reflect significant operational challenges. The company reported a net loss of ₹204.05 crores, marking a substantial decline compared to the previous year. Net sales also contracted to ₹86.34 crores, which represents a year-on-year decrease of 11.19% and a quarter-on-quarter decline of 13.74%. The operating margin, excluding other income, fell to a negative 47.98%, indicating severe operational distress and the worst performance recorded in the company's history. This deterioration in profitability raises concerns about the company's ability to manage costs effectively and generate positive cash flow from its core operations. Furthermore, the profit before tax plunged to a staggering negative ₹200.53 crores, highlighting the extent of the financial difficulties faced by the company. The return on equity (ROE) also deteriorated to negative 18...
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Elgi Rubber Company Q4 FY26: Massive Loss Deepens as Operating Margins Collapse
2026-05-29 14:47:52Elgi Rubber Company Ltd., a Coimbatore-based rubber products manufacturer, reported catastrophic Q4 FY26 results that sent shockwaves through the investor community. The company posted a staggering net loss of ₹204.05 crores for the March 2026 quarter, representing a devastating 1,098.88% year-on-year deterioration from a ₹17.02 crore loss in Q4 FY25. On a sequential basis, losses ballooned by 611.72% from ₹28.67 crores in Q3 FY26, signalling an alarming acceleration in financial distress.
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