Elecon Engineering Company (EECL) shares had soared 19 per cent to Rs 392, hitting a new high on the Bombay Stock Exchange (BSE). Comparatively, the S&P BSE Sensex was down 0.79 per cent at 55,632 levels.

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As compared with S&P, BSE Sensex has risen by 2.1 per cent in the same period.
For the April-June quarter of FY23 (Q1FY23), EECL reported healthy earnings, with a consolidated net profit jumping 54.9 per cent yearly at Rs 42.30 crore.
Total operating income grew 11.4 per cent YoY at Rs 327.7 crore from Rs 294.2 crore in Q1FY22. Earnings before interest, taxes, depreciation and amortization (EBITDA) margin remained unchanged at 19.8 per cent for Q1FY23 as against 20.0 per cent in Q1FY22.