[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-elgi-equipments-posts-inr-806-crore-sales-in-q2-2023-24":3,"$fjnKX72BiLw-CiZZ5MQCs0a0C_bANyAZUVd6PqPzBgJg":30,"$fzgh9HMZBeog6YYmi6_wf9F1_8E0448vNEX9r4SOC_2g":167,"$f-j9YGNBwRSSL7SH4JzUpRZrBt_Eb-enBkRymgC2HvJg":173,"$fx0Dz-WUAXgaGJDFKp5JoFihuourpw4oC0uNO6EDK9Y8":214,"$fBs-3dKXserit54u6K6tjeid5TCkHQqDr9_Bj5KlRb7I":246},{"data":4},{"id":5,"title":6,"slug":7,"excerpt":8,"content":9,"imageUrl":10,"socialImageUrl":11,"publishedAt":12,"author":13,"category":14,"likes":15,"summary":16,"captionLinkedin":17,"captionTwitter":18,"captionInstagram":19,"seo":20,"prevPost":22,"nextPost":26},722,"Elgi Equipments Posts INR 806 Crore Sales in Q2 2023-24","elgi-equipments-posts-inr-806-crore-sales-in-q2-2023-24","Elgi Equipments reports strong Q2 2023-24 financial growth with INR 806 crore in sales. Get the latest insights on their market performance.","\u003Cp>\u003Cimg style=\"float: left;\" src=\"https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FNovember2023\u002Fshutterstock_189540848.jpg\" alt=\"\" width=\"402\" height=\"226\">Elgi Equipments Ltd, manufacturer of air compressors, announced the results for the second quarter ended September 30, 2023. Consolidated PAT for the quarter was INR 91.3 crore compared to INR 72.0 crore in the same period in 2022-23. Consolidated sales for the second quarter were INR 806 crore as against INR 739 crore in the corresponding quarter in 2022-23.\u003C\u002Fp>\r\n\u003Cp>The standalone PAT for the second quarter was INR 83.3 crore compared to INR 72.7 crore in the same period in 2022-23. Overall, there is sluggishness in demand. While enquiries remain healthy, closure is taking longer. Europe is facing challenges on multiple fronts, and it is expected to be subdued.\u003C\u002Fp>\r\n\u003Cp>The automotive business is doing well and registering impressive growth. In its outlook for Q3 and FY 2023-24, the company expects to marginally improve on its Q2 performance, and the impact of the geopolitical war in the Middle East is yet to be assessed, though experts have varied opinions.\u003C\u002Fp>\r\n\r\n\u003Cp>For more information: \u003Cstrong>www.elgiequipments.net\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FNovember2023\u002FMUrWhaJR4cs2w6VxhzMF.jpg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FNovember2023\u002FMUrWhaJR4cs2w6VxhzMF.jpg","2023-11-15T07:32:39+05:30","MWM Desk","News",0,"Elgi Equipments recorded a significant rise in consolidated sales to INR 806 crore for the second quarter.\nThe company reported a consolidated PAT of INR 91.3 crore, up from INR 72.0 crore in the previous year.\nWhile the automotive division shows strong growth, the company noted longer lead times for order closures.","Financial performance in the manufacturing sector remains a key indicator of industrial health. Elgi Equipments Ltd has released its Q2 2023-24 results, showcasing a strong consolidated sales figure of INR 806 crore and a PAT of INR 91.3 crore. Despite global market fluctuations and sluggish demand, the automotive business continues to be a highlight for the company. As industries navigate geopolitical uncertainty and shifting demand, Elgi’s strategy to maintain healthy enquiry levels remains critical for the coming quarters. How is your organization navigating global demand challenges this fiscal year? Read the full breakdown of their performance and outlook. #ManufacturingNews #IndustrialGrowth #ElgiEquipments","Elgi Equipments posts strong Q2 2023-24 results with INR 806 crore in sales and a PAT of INR 91.3 crore. Despite global headwinds, the automotive division continues to drive impressive growth. #Manufacturing #FinancialNews","Big moves from Elgi Equipments this quarter! 📈 The company just reported an impressive INR 806 crore in consolidated sales for Q2 2023-24. While the global market is seeing some sluggishness, their automotive division is absolutely crushing it and showing strong growth potential! 🚗💨 It’s a complex landscape with shifting demand and geopolitical factors at play, but the team is looking toward a steady Q3. Are you tracking the latest trends in the compressor and industrial manufacturing space? Let us know your thoughts in the comments! 👇 #ElgiEquipments #ManufacturingTrends #BusinessGrowth #IndustrialNews #Q2Results #AutomotiveIndustry #TradeNews",{"title":6,"description":8,"keywords":21},"elgi equipments, q2 financial results, air compressor manufacturers, industrial manufacturing news, b2b trade news, automotive sector growth, q2 2023-24 earnings, manufacturing sector",{"title":23,"slug":24,"imageUrl":25},"NORD DRIVESYSTEMS Enhances Parcel Logistics with Sustainable Drive Solutions","nord-drivesystems-enhances-parcel-logistics-with-sustainable-drive-solutions","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FNovember2023\u002FXUk7D6N6BRudpJcpSPEu.jpg",{"title":27,"slug":28,"imageUrl":29},"igus Supports Sailwind 4: Aiming for Green Electricity Revolution from Restored Traditional 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manufacturing veteran G Sivakumar as GM to bolster its semiconductor and advanced manufacturing operations in India.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fkas-group-brings-g-sivakumar-onboard-to-lead-manufacturing-vEi9jn.jpg","2026-07-31T03:43:17+05:30",{"title":63,"slug":64,"excerpt":65,"imageUrl":66,"publishedAt":67,"author":13,"category":14},"NORD Expands Functional Safety of NORDAC ON Drive Electronics","nord-expands-functional-safety-of-nordac-on-drive-electronics","NORD DRIVESYSTEMS upgrades its NORDAC ON frequency inverters with advanced functional safety features for smarter, safer automation.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fnord-expands-functional-safety-of-nordac-on-drive-electronics-EQbpyp.jpg","2026-07-31T03:39:50+05:30",{"title":69,"slug":70,"excerpt":71,"imageUrl":72,"publishedAt":73,"author":13,"category":14},"CII GreenPro Summit 2026 Drives India’s Industrial Decarbonization Agenda","cii-greenpro-summit-2026-drives-indias-industrial-decarbonization-agenda","CII GreenPro Summit 2026 accelerates India's industrial decarbonization with focus on green products and sustainable value chains.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fcii-greenpro-summit-2026-drives-indias-industrial-decarbonization-agenda-dlMTv5.png","2026-07-31T03:24:02+05:30",{"title":75,"slug":76,"excerpt":77,"imageUrl":78,"publishedAt":79,"author":13,"category":14},"BASF Launches Melyra and Inveris Gold Crop Protection Solutions in India","basf-launches-melyra-and-inveris-gold-crop-protection-solutions-in-india","BASF expands its Indian agricultural portfolio with the launch of Melyra and Inveris Gold, delivering advanced crop protection and enhanced productivity.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fbasf-launches-melyra-and-inveris-gold-crop-protection-solutions-in-india-gdMNFU.jpg","2026-07-31T02:38:13+05:30",{"title":81,"slug":82,"excerpt":83,"imageUrl":84,"publishedAt":85,"author":13,"category":14},"L&T Technology Services Launches Ainfonix™ 4.0 to Accelerate AI Adoption","lt-technology-services-launches-ainfonix-40-to-accelerate-ai-adoption","L&T Technology Services unveils Ainfonix™ 4.0 at EI Live, a cutting-edge platform designed to accelerate industrial AI adoption and data utility.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Flt-technology-services-launches-ainfonix-40-to-accelerate-ai-adoption-n5XI9j.webp","2026-07-31T02:17:58+05:30",{"title":87,"slug":88,"excerpt":89,"imageUrl":90,"publishedAt":91,"author":13,"category":14},"Tembo Global Industries Opens New Vasai Facility, Boosts Capacity to 1,00,000 MTPA","tembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa","Tembo Global Industries scales up! Discover how their new 100,000 MTPA Vasai facility drives engineering innovation and infrastructure growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Ftembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa-0tSB5k.png","2026-07-31T02:07:26+05:30",{"title":93,"slug":94,"excerpt":95,"imageUrl":96,"publishedAt":97,"author":13,"category":14},"N.A.N. MagneTech to Invest INR 1,250 Cr in NdFeB Magnet Plant","nan-magnetech-to-invest-inr-1250-cr-in-ndfeb-magnet-plant","N.A.N. 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