Elgi Equipments reported a 20% rise in net profit in the June quarter, buoyed by robust demand in India and the Americas, despite economic pressures in Europe and Australia, signalling resilience amid geopolitical tensions.
Elgi Equipments said consolidated net profit rose 20% in the June quarter as stronger demand in India and the Americas offset softer conditions in Europe and Australia. The Coimbatore-based air compressor maker reported revenue of ₹1,062 crore for the quarter ended June 2026, up 23% from a year earlier, while profit came in at ₹103 crore. The company also booked about ₹7.3 crore of restructuring costs linked to organisational changes as an exceptional item.
On a standalone basis, profit after tax increased to ₹90 crore from ₹82 crore in the same period last year. In a statement, the company said double-digit growth was supported by resilient performance in India and the American markets as well as foreign exchange movements, while its automotive business also expanded at a double-digit pace. It added that Europe and Australia remained under pressure because of broader economic weakness.
Elgi Equipments said it remains constructive on the second quarter and is still on track to meet its budget for the year, even as it contends with geopolitical tensions and rising costs. In recent company commentary, managing director Jairam Varadaraj said demand remained firm and pointed to cost reductions and pricing changes as factors supporting profitability. He also said the group’s growth in the previous financial year was led mainly by India and North America, underscoring how important those markets have become to the business.
The company’s shares ended the session flat at ₹576.40 on the BSE.
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