Elecon Engineering Company has reported results for first quarter ended June 30, 2012.
The company has reported a fall of 57.08% in its net profit at Rs 6.40 crore for the quarter under review as compared to Rs 14.91 crore for the same quarter in the previous year. The total income from operation of the company has decreased by 7.30% at Rs 235.77 crore for Q1FY13 as compared Rs 254.34 crore for the corresponding quarter previous year.
Elecon Engineering Company is engaged in delivering power transmission solutions and material handling equipment. The company caters to the needs of various sectors like steel, fertilizers, cement, coal, lignite and iron ore mines, sugar, power stations and port mechanization in India and abroad. It has emerged as the largest gear manufacturing company in Asia.
