Eimco Elecon Shares Soar 14% on Stellar Q3 Results & Expansion Plans

• Eimco Elecon stock surged 14% after strong Q3 results, opening at ₹1,616.70 and hitting ₹1,835 in 3 minutes.
• The small-sized company reported a 102% YoY jump in PAT to ₹12.52 crore and 42% revenue growth to ₹69.01 crore.
• EBITDA increased by 74% YoY to ₹18.46 crore, driven by strong operational control and improved order flow.
• The company approved the purchase of 35,056 sq. meters of land in Kanjari village, Nadiad, Gujarat, for ₹47.33 crore, signaling expansion.
• FII and public holdings significantly increased, indicating growing investor confidence in the engineering firm.

Why It Matters: Eimco Elecon's strong Q3 results and expansion plans fueled a 14% stock surge, attracting investors.