Elgi Rubber Company Limited has submitted to the Exchange, the unaudited financial results for the quarter ended June 30, 2025.
ELGIRUBCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Elgi Rubber Company submitted its unaudited results for the quarter ended June 30, 2025. On a standalone basis, revenue from operations was nearly flat at Rs. 53.74 crore versus Rs. 53.63 crore a year ago, while profit after tax fell about 19% to Rs. 6.04 crore from Rs. 7.45 crore, giving EPS of Rs. 1.24 (vs Rs. 1.49). On a consolidated basis, revenue declined roughly 11% to Rs. 85.58 crore from Rs. 96.54 crore, and the company swung to a loss after tax of Rs. 1.51 crore versus a profit of Rs. 20.28 crore in the year-ago quarter, with EPS turning negative at Rs. (0.30). The Board also approved the reversal of Rs. 2.05 crore of interest income booked in Q1 from three overseas subsidiaries (USA, Brazil, Netherlands), citing uncertainty of recoverability and the aim of easing interest burden on those units. The six overseas subsidiaries reviewed by other auditors posted a combined net loss of Rs. 7.55 crore on revenues of Rs. 35.49 crore, driving the group-level weakness. Statutory auditor Arun & Co issued an unmodified (clean) limited review opinion on both sets of results.
Standalone performance is steady, but consolidated numbers are weak — revenue is down and the company has slipped into a loss at the group level because overseas subsidiaries are bleeding. The reversal of interest from subsidiaries signals that those units are under financial stress, which is a negative read-through for the parent's exposure to its global operations. Near-term sentiment on the stock is likely to be cautious, though the clean auditor opinion removes any immediate red flag on accounting quality.