Elantas Beck India Limited, a leading manufacturer of electrical insulation materials, has reported strong financial results for the second quarter. The company's performance showcases significant growth across key financial metrics, indicating improved operational efficiency and profitability.

Financial Highlights

Revenue and Profitability

Elantas Beck demonstrated robust top-line growth, with revenue increasing to ₹216.00 crore in Q2 FY2024, up from ₹184.00 crore in the same period last year, marking a 17.39% year-over-year growth. This significant increase in revenue reflects the company's strong market position and effective sales strategies.

The company's bottom line also showed impressive growth, with net profit rising to ₹36.25 crore from ₹31.06 crore in the corresponding quarter of the previous year, representing a 16.71% increase. This growth in net profit underscores Elantas Beck's ability to effectively manage costs while expanding its revenue base.

Operational Efficiency

Elantas Beck's operational efficiency saw a marked improvement, as evidenced by the substantial growth in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). The EBITDA for Q2 FY2024 stood at ₹47.18 crore, a significant increase from ₹33.15 crore in Q2 FY2023, reflecting a robust 42.32% year-over-year growth.

The EBITDA margin expanded by 3.73 percentage points, reaching 21.79% compared to 18.06% in the same quarter last year. This expansion in EBITDA margin indicates the company's success in improving its operational efficiency and cost management strategies.

Conclusion

Elantas Beck's Q2 FY2024 results demonstrate the company's ability to drive growth and improve profitability in a competitive market. The significant increases in revenue, net profit, and EBITDA, coupled with margin expansion, reflect the company's strong operational performance and effective business strategies.

Elantas Beck Limited, a leading manufacturer of electrical insulation materials, has announced a significant change in its senior management. Kalim Uddin, the company's Vice President of Manufacturing Operations, has tendered his resignation to pursue opportunities outside the organization.

Resignation Details

The company disclosed this information in a filing to BSE Limited, adhering to the SEBI Listing Regulations. Here are the key details of the resignation:

Regulatory Compliance

ELANTAS Beck India has complied with the regulatory requirements by providing the necessary documentation, including the resignation letter, to BSE Limited. This adherence to transparency norms is in line with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Statement

The company's statement, signed by Ashutosh Kulkarni, Head of Legal & Company Secretary, confirms that Mr. Uddin's decision to leave is to "pursue opportunity outside the Company." This change in senior management personnel was initially intimated to the stock exchange on October 27, 2025, with the final confirmation coming on the last day of Mr. Uddin's tenure.

Impact and Next Steps

The company has not provided information about a successor or the immediate impact of this change on its operations. Shareholders and market observers may keep a close watch on any subsequent announcements regarding the filling of this crucial role in the company's manufacturing operations.

ELANTAS Beck India Limited, headquartered at 147 Mumbai-Pune Road, Pimpri, Pune, continues to operate as a significant player in the electrical insulation materials sector. The company's management of this transition will be crucial in maintaining operational continuity and stakeholder confidence.