After the release of its Q1 results, the shares of Elecon Engineering company experienced a significant surge of 14%. I had purchased these shares previously at around Rs. 397, as mentioned in the previous article. During the first quarter, Elecon Engineering Company witnessed a remarkable 72.6% increase in its net profit, reaching Rs. 73 crore compared to Rs. 42 crore in the previous year. Additionally, its revenue grew by 26.4%, amounting to Rs. 414.3 crore as compared to Rs. 327.7 crore in the previous year.

These positive financial results have provided me with impressive returns of 80%.