Home / Business and Economy / Elcid Investments Swings to Profit Amidst Stock Surge and Correction
Elcid Investments Swings to Profit Amidst Stock Surge and Correction
28 Jan
Summary
- Elcid Investments reports ₹47.37 crore profit in December quarter, recovering from a loss.
- Revenue increased to ₹61.37 crore, despite a significant drop from its record high.
- The company holds a major stake in Asian Paints and is known for its high stock value.
Elcid Investments has announced a strong financial turnaround, posting a net profit of ₹47.37 crore for the December quarter of 2025. This marks a substantial recovery from a loss of ₹7 crore recorded in the same period last year.
Revenue from operations for the quarter stood at ₹61.37 crore, a significant improvement compared to the loss of ₹5.25 crore in the prior year. This performance comes even as revenue has fallen by 65% from its historical peak.
Elcid Investments, a Mumbai-based Core Investment Company, is recognized for its considerable long-term investment in Asian Paints. The company's stock reached unprecedented heights, driven by a special auction mechanism on the BSE that pushed its price to ₹236,250 per share, and later hit a record high of ₹332,399 per share in November 2025.
Despite this peak, the stock has since undergone a sharp correction, currently trading at ₹115,670 per share. While still among the most expensive stocks, it is now priced just below MRF.
