8 months ago
Elitecon International Hits Upper Circuit
Elitecon International's stock price went up to ₹78.20 today, even though the market was down.
The company is thinking about merging with three other companies to get bigger and work better.
They also reported really good results for the last three months, with a lot more money coming in and a big increase in profits.
However, their profit margin went down a bit.
The stock has gone up a lot in the last year, but it has also gone down a bit recently.
The company also announced a small dividend for its shareholders.
Elitecon International's share price hit the 5% upper circuit limit at ₹78.20 despite weak market conditions.
The company is considering a merger with Sunbridge Agro, Landsmill Agro, and Golden Cryo to enhance scale and operational efficiencies.
Q2 FY2026 results showed a 538% increase in revenue to ₹5,049 crore and a 129% increase in net profit to ₹202 crore.
EBITDA grew by 171% but the margin fell to 4.39% from 10.37%.
The stock has seen a 485% return over the past year but declined by 12.16% in the last week and 49.96% in the previous quarter.
- Who
- Elitecon International
- What
- Stock price hit upper circuit, merger announced, Q2 results reported
- Where
- BSE (Bombay Stock Exchange)
- When
- Tuesday's trading session, Q2 FY2026
- Why
- Merger aims to enhance scale, operational efficiencies, and long-term earnings potential
Key facts
- Stock Price
- ₹71.40 - ₹78.20
- Revenue Growth
- 538%
- Net Profit Growth
- 129%
- EBITDA Growth
- 171%
- EBITDA Margin
- 4.39%
- Interim Dividend
- ₹0.05 per share
- Yearly Return
- 485%
- Weekly Decline
- 12.16%
- Quarterly Decline
- 49.96%
Sources
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