Elpro International Ltd Share Price – NSE  / BSE

Construction, Small Cap

Elpro International announced that the Board of Directors of the Company at its meeting held on 12 November 2024, inter alia, have recommended the interim dividend of Rs 0.7 per equity Share (i.e. 70%) , subject to the approval of the shareholders.

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Net profit of Elpro International rose 76.74% to Rs 32.22 crore in the quarter ended September 2024 as against Rs 18.23 crore during the previous quarter ended September 2023. Sales rose 488.09% to Rs 207.42 crore in the quarter ended September 2024 as against Rs 35.27 crore during the previous quarter ended September 2023.

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Elpro International will hold a meeting of the Board of Directors of the Company on 12 November 2024

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Sagility India is a technology-enabled, pure-play healthcare focused solutions and services provider that supports US-based payers, providers, and their partners to deliver best-in-class operations, enhance the member and provider experience, and improve the quality of care all while delivering cost effective healthcare financial and clinical outcomes. The company has presence in India, Philippines, U.S., Jamaica and Colombia.

Sagility had recorded a total turnover of Rs 4,753.55 crore for the financial year 2023-24.

Elpro International stated that the shares of Sagility have been acquired for investment purpose.

Elpro International manufactures and distributes power distribution equipments like surge arresters and disconnecting switches (isolators). Over the past years, the company has divested its Isolator set-up in Hyderabad to Siemens Ltd and has scaled down its operations in Pune and has ventured into real estate development of the 40 acres of land in Pimpri-Chinchwad area owned by it, in phases. Currently, 99.56% of the total leasable area (5.62 lakh sqft) is leased out in the OEP and 85% of the total leasable area (3.14 lakh sqft) in the retail mall.

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