ElGi Equipments Q4 Results: Standalone PAT at Rs 81 crore

Air compressor manufacturer, ELGi Equipments Ltd has posted a profit after tax of Rs 80.63 crore, up 32.9% YoY, for Q1 2023. Total income of the company rose to Rs 476.8 crore for Q1 2023 from Rs 466.3 crore in Q1 2022. For the fiscal year ending March 31, 2023, its profit after tax surged by 43.9% to Rs 272.48 crore from Rs 189.35 crore YoY. The board has also recommended a dividend of Rs 2 per share for 2022-23, pending shareholder approval. ELGi remains cautiously optimistic to achieve its FY24 revenue targets.