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Vijay Kedia stock falls 10% despite reporting 18.96% YoY increase in net profits

Vijay Kedia stock posted strong Q3 FY25 results, with an 18.96% profit rise to ₹107.54 crore and 11.68% revenue growth, highlighting demand and operational efficiency.
Vijay Kedia stock reported Q3 profit up 18.96%, revenue grew 11.68%.

Introduction:

Vijay Kedia stock delivered robust Q3 FY25 results, with net profit rising 18.96% YoY to ₹107.54 crore and revenue increasing 11.68%, showcasing operational efficiency, strong demand, and consistent growth in the engineering sector.

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Share Price movement of Elecon Engineering Company:

On January 22, 2025, Elecon Engineering Company Ltd opened at ₹603.95. By 02:35 PM, it traded at ₹542.60, down by 10%. The stock reached a high of ₹605.20 and a low of ₹531.90, with a market cap of ₹12,175.94 crore.

Elecon Engineering Company share price fall:

Elecon Engineering Co Ltd reported a net profit of ₹107.54 crore in Q3 FY25, marking an 18.96% growth compared to ₹90.40 crore in the same period of FY24, reflecting consistent profitability.

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The company’s revenue from operations rose by 11.68% YoY, reaching ₹528.89 crore against ₹473.56 crore in Q3 FY24. This growth signifies robust demand and the company’s strong market presence, contributing to its positive performance.

Elecon Engineering posted an EBITDA of ₹142.7 crore, a 18.5% YoY increase, showcasing improved operational efficiency. The company’s continued focus on enhancing margins underpins its steady financial growth and resilience in the engineering sector.

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Recent news About Elecon Engineering Company :

On January 1, 2025, Elecon Engineering Company announced that its Registrar and Share Transfer Agent, previously “Link Intime India Private Limited,” has been renamed “MUFG Intime India Private Limited” effective December 31, 2024, with unchanged contact details.

Ace investor holding of Elecon Engineering Company:

Ajay Upadhyaya holds 40,00,000 shares of Elecon Engineering Company Ltd, representing a 1.78% stake valued at ₹216.4 crore. This significant holding reflects his confidence in the company’s operational efficiency and growth potential in the engineering sector.

Vijay Kishanlal Kedia owns 24,50,000 shares of Elecon Engineering Company Ltd, amounting to a 1.09% stake worth ₹132.5 crore. His continued investment demonstrates faith in the company’s ability to deliver strong financial performance and sectoral leadership.

Also Read: Stocks To Watch For Budget 2025

Stock performance of Elecon Engineering Company for Period of 1 week, 6 months and 1 year:

Elecon Engineering Company’s stock performance showed a 1-week decline of 8.30% and a 6-month drop of 9.71%, while delivering a 1-year return of 12%, reflecting mixed performance with long-term stability despite short-term fluctuations.

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Shareholding pattern of Elecon Engineering Company:

All values in %Dec-24Sep-24Jun-24
Promoters59.2759.2759.27
FII9.739.849.1
DII3.672.972.55
Retail & others27.3327.9229.07

About Elecon Engineering Company:

Elecon Engineering Company is a leading manufacturer of material handling equipment and industrial gears, catering to diverse industries like power, cement, and mining. With innovative solutions and a global presence, it drives operational excellence and technological advancements.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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