Elgi Equipments Ltd

Elgi Equipments Limited announced that its wholly-owned subsidiary, ELGI Compressors USA Inc., has divested its entire stake in Gentex Air Solutions LLC to the existing joint venture partner for release of exclusivity in certain counties of Texas, USA, on September 4, 2026. The share of profit of the joint venture for fiscal year 2026 was USD 7,735, representing 0.02% of Elgi’s consolidated profit after tax, while the share of net worth as of March 31, 2026, was USD 1,38,972, accounting for 0.06% of Elgi’s equity. The buyer is James Gery Naico, and none of the buyers are related to Elgi’s promoter group or group companies.

Elgi Equipments Limited announced the appointment of Mr. Vikas Thiruvalluru, President and Head - GPMO, as Senior Management Personnel, effective September 1, 2026, according to a regulatory filing with the National Stock Exchange of India Limited (NSE) and BSE Limited.

Elgi Equipments Ltd announced on August 25, 2026, via filings with the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE), that Crisil ESG Ratings & Analytics Ltd, a SEBI registered Category-1 ESG Ratings Provider, has assigned a Core ESG rating of ‘Crisil Core ESG 58’ to the company; please note that Elgi Equipments Ltd. did not engage Crisil ESG Ratings & Analytics Ltd for ESG ratings, and the report was independently prepared based on publicly available data, with no enhancements, assignments, or withdrawals related to any instruments, including the aforementioned Core ESG rating of ‘Crisil Core ESG 58’.

Elgi Equipments Limited entered into a Share Subscription and Shareholder’s Agreement and Power Purchase Agreement with Constronics Energy Solution Private Limited, an entity incorporated on December 3, 2024, to acquire 18.01% of its share capital for Rs 1,61,70,000, according to a regulatory filing on August 20, 2026. The acquisition, which is expected to be completed on August 20, 2026, will enable Elgi Equipments to comply with minimum shareholding requirements under the Electricity Act, 2003, and secure renewable energy procurement for 25 years.

Elgi Equipments Ltd share price inched up 0.44% to Rs 575.6. The Company's net profit contracted by 19.30% to Rs 103.3 crore, while revenue from operations softened by 4.53% to Rs 1062.2 crore in Q2FY26 over Q1FY26. The market capitalization of Compressors, Pumps & Diesel Engines industry group stocks on BSE stood at Rs 2.64 lakh crore, declining 3.86%. It has slipped by 1.84% over last one week and moved up slightly by 2.23% in last one month while the market capitalization of Elgi Equipments Ltd has eased by 2.34% and 10.12% in the same period respectively. Profit before tax (PBT) of Elgi Equipments Ltd stood at Rs 139.5 crore in Q2 FY26, rallying 18.52% year-on-year, and dropping 14.84% quarter-on-quarter. EBITDA came in at Rs 135 crore, jumping 33.04% YoY and retreating 11.25% sequentially. Total expenses slightly declined by 3.30% to Rs 931.6 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 422.0 crore, easing 2.34% YoY, while employee benefits expense was at Rs 208.5 crore, ticking higher by 3.47% YoY. For the TTM ended FY26, revenue from operations advanced 12.54% to Rs 3950.7 crore, while net profit jumped 22.88% to Rs 430.2 crore, compared to previous TTM. EBITDA soared by 47590% to Rs 461.3 crore, and PBT rose 19.89% to Rs 577.4 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 453.5 crore in FY26, as against Rs 390.9 crore in FY25. Elgi Equipments Ltd surged by 11.08% in last one year, significantly outperforming the benchmark BSE Sensex which has softened by 2.83% during the same period.

Elgi Equipments will hold a meeting of the Board of Directors of the Company on 13 August 2026.

Elgi Equipments announced that ELGI Compressors USA Inc., a wholly owned subsidiary of the Company, has divested its stake in PLA Holding Company, LLC along with its subsidiary, Pattons of California, LLC.

The company said Sen's transition will begin only after the onboarding of a chief financial officer (CFO). An appropriate announcement will be made once the new CFO joins and Sen assumes his new responsibilities. Elgi Equipments is a leading manufacturer of air compressors. On a consolidated basis, the company's net profit jumped 25.5% to Rs 128 crore on 12.1% increase in net sales to Rs 1,112.60 crore in Q4 FY26 over Q4 FY25. Powered by Capital Market - Live

Elgi Equipments Ltd rose 1.98% today to trade at Rs 612.8. The BSE Capital Goods index is up 0.4% to quote at 79672.54. The index is up 1.62 % over last one month. Among the other constituents of the index, GE Vernova T&D India Ltd increased 1.9% and Hitachi Energy India Ltd added 1.61% on the day. The BSE Capital Goods index went up 12.67 % over last one year compared to the 8.72% fall in benchmark SENSEX. Elgi Equipments Ltd has added 12.89% over last one month compared to 1.62% gain in BSE Capital Goods index and 4% drop in the SENSEX. On the BSE, 5459 shares were traded in the counter so far compared with average daily volumes of 50903 shares in the past one month. The stock hit a record high of Rs 634 on 29 May 2026. The stock hit a 52-week low of Rs 408.95 on 21 Jan 2026.Powered by Capital Market - Live

Elgi Equipments announced that the Annual General Meeting(AGM) of the company will be held on 14 August 2026.