Elgi Equipments Limited — Investor Meet, 30-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Elgi Equipments grew revenue 15% YoY in Q4 FY25, with EBITDA impacted by higher employee costs and ~₹8 Cr one-time inventory and receivables cleanup. Excluding these, margins stayed healthy. India led with strong industrial/automotive demand; US turned profitable aided by cost-saving measures. Europe broke even but faces tariff uncertainties. Aftermarket revenue is ~27-28% in India vs ~13-14% internationally, with efforts to grow this. Management targets $450M revenue, 16% EBITDA margin, and 30% ROCE by FY26, focusing on new products, railways, cost control, and market diversification.