Elgi Equipments Limited — Investor Meet, 19-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

ELGi Equipments reported flat Q2 EBITDA despite 11% sales growth, primarily impacted by increased employee costs and strategic initiatives. PBT rose 28% aided by a one-off US property sale, with PAT at 94.7 Cr. Cash position improved due to better receivables management. Europe remains challenging, with cost streamlining aiming for a 10 Cr annual saving, while North America showed strong growth. Management is resetting strategy for faster growth in Europe and the US, confident that tariff impacts of $9 million (without mitigation) are offset by cost actions. The new 'Demand = Match' product has launched, and low-cost compressors are targeted for Q1 FY27. Management appears proactive and confident in future profitability and growth strategies.