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Eaton Fluid Revenue up by 24% in FY22

Eaton Fluid Power Limited has announced its annual report for the financial year ended March 31, 2022. The total revenue of the company increased by 24%, to Rs. 460 crore, as against Rs. 369 crore in the previous financial year. The total expenses of the company increased by 22%, to Rs. 428 crore in FY22 as against Rs. 351 crore in the previous financial year. In FY22, the PBT of the company almost doubled to Rs. 32 crore as against Rs. 17 crore in FY21. The net profit of the company has also almost doubled to Rs. 26 crore in FY22 compared to Rs. 17 crore in the previous financial year. The company has not declared any dividends.

With Covid-19 again at its peak in 2022, the world experienced constrained human activities that led to a shrinkage of the global economy. With increased vaccination drives and a reduction in cases, the lockdown restrictions were eased out in a phased manner and partial normalcy resumed in the second quarter. With the strong support from the local and global Eaton management, the efforts have reinforced customer confidence in the company, and the company continued serving the customers. Although operations of and suppliers are adversely impacted due to this pandemic situation and slowdown in the economic activity, the company performed better compared to the previous and growing fast by gaining the trust of customers.

Eaton Fluid Power Limited is a public company in India. The Company is engaged in the manufacturing and trading of fluid power hydraulic equipment such as pumps, gear pumps, valves, cylinders, packaged systems, and related components. Presently, ETN Holding 2 Limited, Mauritius and Eaton Technologies Private Limited, India hold 52.61 percent and 45.00 percent of share capital, respectively, with the remaining shares held by the public.

Eaton Fluid Power Limited Unlisted Shares

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