The company’s operating profit grew by 15% even though the tractor volume dropped by 3.5% for the December quarter. It suggests that the automotive segment has gained enough heft to deliver growth and bring counter-cyclicality to the company’s earnings. A few years ago, the automotive division contributed two-thirds to the revenue, but only one-third to the operating profit. The gap is narrowing gradually.
Elgi Equipments shares gain 5% after bulk deal by SBI Mutual Fund
Elgi Equipments shares: On July 8, 2025, SBI Mutual Fund purchased 1,812,760 shares of Elgi Equipments via a bulk deal at ₹532 per share, signaling