The Board of Directors of Elecon Engineering, one of India's largest material handling equipment and trans?mission products manu?factures, announced its un-audited resu?lts for the second quarter ended on September 30th 2011. The company achieved a turnover of Rs 335 crore as against Rs 278 crore for the corresponding period in the previous year, representing a growth of 20 per cent. Profit before tax increased from Rs 20 crore to Rs 25 crore representing a growth of 24 per cent. Net profit after tax increased from Rs 14 crore to Rs 16 crore, representing a growth of 10 per cent. Commenting on the results,  Prayasvin Patel, Chairman & Managing Director, Elecon Engineering Company, said, "The growth in turnover and net profit has come from increased marketing efforts, better manufacturing efficiencies and rationalisation of costs. The Material Handling Division has achieved a significant growth of 19 per cent with a large order book position and the Gear Division has also shown a remarkable growth of 22 per cent. We look forward to continuing this trend."