Elecon Engineering Company surges on reporting 1.40% rise in Q4 net profit

Elecon Engineering Company is currently trading at Rs. 54.00, up by 0.75 points or 1.41% from its previous closing of Rs. 53.25 on the BSE.

The scrip opened at Rs. 53.00 and has touched a high and low of Rs. 54.10 and Rs. 53.00 respectively. So far 6949 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 86.00 on 27-Jul-2011 and a 52 week low of Rs. 50.00 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 56.90 and Rs. 52.60 respectively. The current market cap of the company is Rs. 500.99 crore.

The promoters holding in the company stood at 45.99% while Institutions and Non-Institutions held 15.10% and 38.91% respectively. Elecon Engineering Company has reported results for fourth quarter ended March 31, 2012

The company has posted a rise of 1.40% in its net profit at Rs 23.89 crore for the quarter ended March 31, 2012 as compared to Rs 23.56 crore for the same quarter in the previous year. Total income has increased by 26.23% at Rs 441.97 crore for quarter under review as compared Rs 350.12 crore for the quarter ended March 31, 2011

For the full year ended March 31, 2012, on the consolidated basis, the company has posted a fall of 32.07% in its net profit at Rs 61.10 crore for the year ended March 31, 2012 as compared to Rs 89.95 crore for the same period in the previous year. However, total income has increased by 25.61% at Rs 1613.21 crore for year under review as compared to Rs 1284.34 crore for the period ended March 31, 2011.