Elgi Equipments announced the results for the quarter and half year ended 30 September 2020. PAT for the quarter was Rs 332 million compared to Rs 117 million in the same period in 2019-2020 on a consolidated basis.

Consolidated sales for the quarter was Rs 4.80 billion as against Rs 4.45 billion in the corresponding quarter in 2019-2020. The standalone PAT for the quarter was Rs 298 million compared to Rs 247 million in the same period in 2019-20.

The compressor business’ performance in the domestic market has improved after the lockdown restrictions were lifted. Activity was seen across all industrial segments. The overseas markets have done well across all geographies.

Sales in the automotive business declined more or less in tandem with the de-growth faced by the automotive industry when compared to the corresponding period last year, in spite of steady improvement witnessed from June 2020 onwards.