Net profit of Elecon Engineering Company declined 81.02% to Rs 10.13 crore in the quarter ended March 2019 as against Rs 53.38 crore during the previous quarter ended March 2018. Sales declined 25.37% to Rs 326.24 crore in the quarter ended March 2019 as against Rs 437.14 crore during the previous quarter ended March 2018.

For the full year,net profit rose 836.05% to Rs 70.11 crore in the year ended March 2019 as against Rs 7.49 crore during the previous year ended March 2018. Sales rose 3.63% to Rs 1223.13 crore in the year ended March 2019 as against Rs 1180.23 crore during the previous year ended March 2018.

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Net profit of Elecon Engineering Company declined 95.26% to Rs 2.38 crore in the quarter ended March 2019 as against Rs 50.17 crore during the previous quarter ended March 2018. Sales declined 32.28% to Rs 250.41 crore in the quarter ended March 2019 as against Rs 369.75 crore during the previous quarter ended March 2018.

For the full year,net profit rose 49.38% to Rs 12.07 crore in the year ended March 2019 as against Rs 8.08 crore during the previous year ended March 2018. Sales rose 4.66% to Rs 953.75 crore in the year ended March 2019 as against Rs 911.27 crore during the previous year ended March 2018.

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Elecon Engineering Company announced that the Board of Directors of the Company at its meeting held on 07 May 2019, has recommended a Final dividend of Rs.0.2 per share (i.e.10%), subject to the approval of the shareholders.

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Elecon Engineering Company will hold a meeting of the Board of Directors of the Company on 7 May 2019.

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