Results Season: Elecon Engineering Q1 FY24 The results season for the first quarter of the financial year 2024 has begun and we are here to bring you the latest updates on the performance of the companies in our exhaustive list of 103. We will also add new ones as we keep finding gems in the market. The first one to be out today is Elecon Engineering - a leading manufacturer of material handling equipment and industrial gear systems. The stock is 17% up and almost nearing the upper circuit 🚀🚀🚀 Fantastic Results 🔥👍 Elecon Engineering has reported strong results for Q1 FY24, beating market expectations. Here are some of the highlights: The revenues are 26% higher year on year at Rs 414 crore, compared to Rs 329 crore in Q1 FY23. The net profits jumped 73% higher year on year to Rs 73 crore, versus Rs 42 crore in Q1 FY23. The operating profit margin (OPM) and EBITDA margin expanded by 440 basis points year on year to 25.6% and 27.4%, respectively. The company has reduce...