Elin Electronics (ELIN) Q2 24/25 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2024, on November 12, 2024.

• Results reviewed by the Audit Committee and limited review conducted by statutory auditors with no material misstatements noted.

Financial highlights

• Consolidated revenue from operations for Q2 FY25 was ₹2,964.59 million, up from ₹2,660.89 million in Q2 FY24; half-year revenue was ₹5,823.83 million, up from ₹5,138.70 million year-over-year.

• Consolidated profit after tax for Q2 FY25 was ₹47.81 million, compared to ₹39.18 million in Q2 FY24; half-year profit after tax was ₹107.00 million, up from ₹76.90 million year-over-year.

• Standalone revenue from operations for Q2 FY25 was ₹2,291.21 million, up from ₹2,105.62 million in Q2 FY24; half-year revenue was ₹4,601.98 million, up from ₹4,129.93 million year-over-year.

• Standalone profit after tax for Q2 FY25 was ₹36.41 million, compared to ₹34.20 million in Q2 FY24; half-year profit after tax was ₹85.56 million, up from ₹75.44 million year-over-year.

• Basic and diluted EPS (consolidated) for Q2 FY25 was ₹1.00, up from ₹0.82 in Q2 FY24; half-year EPS was ₹2.23, up from ₹1.60 year-over-year.

Outlook and guidance

• Company continues to focus on upgrading and expanding manufacturing facilities, with ongoing utilization of IPO proceeds for capital expenditure and debt repayment.

• Employee Stock Option Plan 2024 approved and pending stock exchange approval.