Elecon posts net profit
Elecon Engineering Company announced its unaudited consolidated financial results for the first quarter of this financial year 2015-16 that ended on June 30, 2015. The consolidated turnover for the Q1 FY2015-16 was 257.14 crore as against Rs 267.85 crore in the quarter that ended in June 2014.
Elecon Engineering has posted a consolidated net profit of Rs 4.13 crore for Q1 for FY 2015-16. In Q1 of FY 2014-15, the company had posted a loss of Rs 6.70 crore. The profit declared by the company before tax is Rs 2.93 crore. The company also announced the appointment of Rakesh Makhija as an Additional Independent Director with immediate effect.
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