Elitecon International shares jump 5%, defy stock market crash (Image: Pixabay )AI Quick ReadElitecon International shares surged by 5% on Thursday, April 23, despite the overall weak trends in the stock market today, triggered by brent crude oil prices surpassing $100 per barrel following Iran's seizure of two vessels in the Strait of Hormuz, with no indication of peace negotiations restarting.
Elitecon International shares were in green today after hitting 5% lower circuit, since two trading session. Elitecon International shares has shown modest gains in the short term, reflecting a gradual upward trend. Over the past one week, it has risen by 0.15 points, translating to a gain of 0.36%. The momentum has improved over a slightly longer horizon, with the stock gaining 2.12 points over the last two weeks, up 5.37%.
Recently, Elitecon International, a company specializing in FMCG and tobacco, announced that it has secured a long-term supply agreement with South Africa's Bozza Tobacco (PTY) for the provision of cigarettes and various tobacco products.
The contract is valued at ₹202 crore. The company will deliver its tobacco offerings, including cigarettes under the brands Red and Black, B&W, Cape, Ossum, Golden Flake, and others.
Elitecon International reported a sharp surge in its consolidated financial performance for Q3 FY26, driven by strong topline growth and improved operating efficiency.
Revenue from operations rose to ₹1,741.26 crore in Q3 FY26, compared to ₹94.12 crore in the same quarter last year. For the nine-month period of FY26, revenue stood at ₹5,476.89 crore, nearly 23 times higher than ₹235.60 crore reported in the corresponding period of FY25.
At the operating level, EBITDA increased to ₹139.25 crore in Q3 FY26 from ₹13.38 crore a year ago. For the nine months, EBITDA came in at ₹404.67 crore versus ₹26.69 crore in the previous year.
Profit after tax (PAT) also saw strong growth, rising to ₹103.57 crore in Q3 FY26 from ₹13.34 crore in Q3 FY25. For the nine-month period, PAT stood at ₹311.17 crore, compared to ₹26.68 crore last year, supported by robust revenue growth and effective cost management.
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