Elecon Engineering Company has appointed Kamlesh Shah as Chief Financial Officer & Key Managerial Personnel (KMP) of the Company with effect from 4th May, 2018.

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Elecon Engineering Co. announced that the Board of Directors of the Company at its meeting held on 04 May 2018, has recommended a dividend of Rs. 0.20 per share (i.e.10%), subject to the approval of the shareholders.

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Net profit of Elecon Engineering Company rose 72.41% to Rs 50.17 crore in the quarter ended March 2018 as against Rs 29.10 crore during the previous quarter ended March 2017. Sales rose 7.15% to Rs 369.75 crore in the quarter ended March 2018 as against Rs 345.07 crore during the previous quarter ended March 2017.

For the full year,net profit declined 61.63% to Rs 8.08 crore in the year ended March 2018 as against Rs 21.06 crore during the previous year ended March 2017. Sales declined 1.31% to Rs 911.27 crore in the year ended March 2018 as against Rs 923.36 crore during the previous year ended March 2017.

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Net profit of Elecon Engineering Company rose 77.64% to Rs 53.38 crore in the quarter ended March 2018 as against Rs 30.05 crore during the previous quarter ended March 2017. Sales rose 3.52% to Rs 437.14 crore in the quarter ended March 2018 as against Rs 422.27 crore during the previous quarter ended March 2017.

For the full year,net profit declined 30.33% to Rs 7.49 crore in the year ended March 2018 as against Rs 10.75 crore during the previous year ended March 2017. Sales declined 1.77% to Rs 1180.23 crore in the year ended March 2018 as against Rs 1201.53 crore during the previous year ended March 2017.

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