Elgi Equipments reports strong Q2 2025-26 results, driven by international growth

Elgi Equipments Limited reported an 11% increase in consolidated sales to INR 968 Crores for the quarter ended September 30, 2025, up from INR 869 Crores in the prior corresponding period. Standalone sales for the quarter reached INR 568 Crores, a 7% increase from INR 531 Crores. The company's consolidated profit after tax grew by 27% to INR 121 Crores, while standalone PAT was INR 91 Crores. This growth was fueled by strong performance in India, Middle Eastern, South American, USA, and Australian markets, though European performance remained subdued due to economic headwinds.

The board of directors approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. Additionally, the nomination and remuneration committee approved the grant of 16,100 stock options to an eligible employee of a subsidiary under the ELGi Equipments Limited Employees Stock Option Plan, 2019. Each option has an exercise price of INR 478.25 per stock option, with a maximum vesting period of three years and an exercise period of three months from vesting.

Elgi Equipments anticipates similar business growth in Q3 2025-26, contingent on the resolution and stabilization of import tariffs between the USA and India.