Elecon Engineering Company reports 48% rise in Q2 net profit

Elecon Engineering Company has reported results for second quarter ended September 30, 2012.

The company has reported 47.53% rise in its net profit at Rs 22.97 crore for the quarter ended September 30, 2012 as compared to Rs 15.57 crore for the same quarter in the previous year. However, total income of the company has decreased by 1.70% at Rs 329.67 crore for quarter under review as compared to Rs 335.36 crore for the quarter ended September 30, 2011.

Elecon Engineering Company (EECL) is a market leader in the domestic gears segment with around 25% market share in the domestic transmission equipment segment.

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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