Elgi Equipments Reports Strong Q2 Growth

14 Nov 2025 CW Team

Elgi Equipments Ltd, the air-compressor manufacturer, reported consolidated sales of Rs 9.68 billion for the quarter, up from Rs 8.69 billion in the same quarter of 2024–2025, marking growth of 11 per cent. Standalone sales rose to Rs 5.68 billion from Rs 5.31 billion, representing a 7 per cent increase.

On a consolidated basis, profit after tax reached Rs 1.21 billion, compared with Rs 950 million in the corresponding period last year, reflecting growth of 27 per cent. Standalone PAT stood at Rs 910 million, slightly lower than Rs 980 million in the same quarter of 2024–2025.

Growth momentum remained strong across India, the Middle East and South America. The USA and Australia delivered double-digit improvements, showing a positive shift, while Europe continued to face challenges due to economic headwinds. The automotive business achieved its expected growth compared with the previous year.

Overall, the company delivered solid performance led by international markets.

Outlook for Q3 2025–26 Elgi Equipments expects to maintain a similar growth rate in the third quarter, subject to the resolution and stabilisation of import tariff issues between the USA and India.

Real Estate

11 May 2026

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..

Brigade, Marriott Open Courtyard Kochi Infopark

Brigade Hotel Ventures (BHVL) and Marriott International have opened Courtyard by Marriott Kochi Infopark, a rebranded and upgraded hotel formerly operating as Four Points by Sheraton Kochi Infopark.Located in Kakkanad adjoining Infopark Kochi, the 218-room property strengthens Brigade’s hospitality portfolio in one of the city’s key IT and commercial corridors. The hotel is positioned to cater to corporate, MICE and leisure travellers visiting Infopark, SmartCity and other business hubs in Kochi.The property offers flexible workspaces, smart TVs and high-speed WiFi across rooms and suites..

WorkEZ Expands South India Portfolio to 1.7 Mn Sq Ft

Work Easy Space Solutions (WorkEZ) has expanded its managed workspace portfolio to approximately 1.7 million sq. ft. across 12 operational buildings and two upcoming developments, strengthening its footprint across South India.The expansion includes the addition of 65,000 sq. ft. at Phoenix One National Park in Chennai and the company’s entry into Kochi through a partnership with Lulu Developers, adding another 70,000 sq. ft.WorkEZ has also signed a 0.4 million sq. ft. development in Coimbatore with Veeras Infra following the successful leasing of 0.1 million sq. ft. in the first phase. The ..