Elgi Rubber Company's Q1 FY 2025-26 Quarterly Results

Result Summary

• Elgi Rubber Company Ltd reported a 5.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 12.3%.
• Its expenses for the quarter were down by 8.4% QoQ and 7.7% YoY.
• The net profit decreased 11.2% QoQ and decreased 107.4% YoY.
• The earnings per share (EPS) of Elgi Rubber Company Ltd declined at 0.3 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Elgi Rubber Company Ltd is a well-established entity primarily engaged in the manufacturing segment. The company specializes in rubber products, catering to a diverse range of industries. However, specific details about its main products or services and any recent major developments are not available from the provided data. It is important to note that this analysis is based solely on the financial data provided and any assumptions about the company's operations or industry trends are not included.

Revenue

In the first quarter of fiscal year 2026 (Q1FY26), Elgi Rubber Company Ltd reported a total income of ₹94.86 crores. This represents a quarter-over-quarter (QoQ) decline of 5.4% from ₹100.29 crores in the fourth quarter of fiscal year 2025 (Q4FY25). Year-over-year (YoY), the decline is more pronounced at 12.3%, down from ₹108.18 crores in the first quarter of fiscal year 2025 (Q1FY25). These figures highlight the revenue trajectory over the past year and the recent quarter, providing a basis for understanding the company's current revenue performance.

Profitability

The profitability metrics for Elgi Rubber Company Ltd indicate challenging conditions over the recent periods. The company recorded a profit before tax (PBT) of ₹0.05 crores in Q1FY26, contrasting with a loss of ₹0.75 crores in Q4FY25. Compared to the same quarter last year (Q1FY25), where PBT was ₹20.49 crores, this represents a significant year-over-year decline of 99.8%. The tax expense for Q1FY26 was ₹1.57 crores, which is a 65.3% increase from Q4FY25 and a substantial 647.6% increase YoY. Consequently, the profit after tax (PAT) was a loss of ₹1.51 crores in Q1FY26, slightly improving from a loss of ₹1.70 crores in the previous quarter, but a significant decline from a profit of ₹20.28 crores in Q1FY25. The Earnings Per Share (EPS) for Q1FY26 stood at -₹0.30, reflecting a minor improvement from -₹0.34 in Q4FY25 but a significant drop from ₹4.05 in Q1FY25.

Operating Metrics

Analyzing the operating metrics provides further insight into the company's financial health. Total expenses for Q1FY26 were ₹94.81 crores, showing a reduction of 8.4% from ₹103.55 crores in the previous quarter. Year-over-year, the expenses decreased by 7.7% from ₹102.76 crores in Q1FY25. These reductions in expenses are notable given the context of the company's overall financial performance. The slight improvement in profitability from the previous quarter, despite the overall loss, may be attributed to these reduced expenses. However, the substantial decline in profitability compared to the previous year highlights the broader challenges faced by the company.