Q2 2026 Elgi Equipments Ltd Earnings Call Transcript
Key Points
- Elgi Equipments Ltd (BOM:522074) reported a sales growth of 11% for the quarter, indicating strong volume contributions.
- The company has implemented strategic initiatives to build foundational capabilities in finance, IT, and HR, which are expected to support long-term growth.
- North America has shown strong growth across all business verticals, with expectations for continued strength in the third quarter.
- The company has improved its cash position through better management of receivables and inventory, indicating strong financial discipline.
- Elgi Equipments Ltd (BOM:522074) is optimistic about the potential reduction in US tariffs, which could positively impact profitability.
- EBITDA remained relatively flat despite sales growth, primarily due to increased employee costs and strategic investments.
- Europe has been a challenging market, with muted growth and the need for cost-cutting measures to align with realistic revenue expectations.
- The company's performance in Southeast Asia remains a challenge, contributing minimally to overall revenue.
- The impact of tariffs on exports from India and Italy to the US could potentially affect profitability if not mitigated.
- The time to convert inquiries into sales in India has been extended, affecting the pace of revenue growth.
Yes, sir, the meeting is on as well as the recording has started. Yeah, we can begin.
Good morning, everyone. On behalf of Asian markets, we welcome you all to the True QF 526 earnings webinar of LG Equipments Limited.
We have with us today Mr. Jairam Utaraj, managing director representing the company.
We'll start with Mr. Jairam giving a presentation on the quarterly and six-monthly performance of the company, followed by QANA session.
I hand it over to Mr. Jay.
Thank you, sir, or to you.
Thank you, Kamlesh.
Thank you, Asian Market Securities for organizing this call, as always. I appreciate it. Ladies and gentlemen, thank you for taking time to be with us this morning. I will follow the same format that I normally do, which is start with an EBITDA reconciliation.
For the quarter compared to last year, same Q2.
So, Moving to that slide, you will notice that IITDA is
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