Elecon Engineering Company consolidated net profit rises 592.99% in the March 2020 quarter

Capital Market 

Sales decline 18.13% to Rs 268.49 crore

Net profit of Elecon Engineering Company rose 592.99% to Rs 70.20 crore in the quarter ended March 2020 as against Rs 10.13 crore during the previous quarter ended March 2019. Sales declined 18.13% to Rs 268.49 crore in the quarter ended March 2020 as against Rs 327.95 crore during the previous quarter ended March 2019.

For the full year,net profit rose 27.94% to Rs 89.70 crore in the year ended March 2020 as against Rs 70.11 crore during the previous year ended March 2019. Sales declined 11.13% to Rs 1088.46 crore in the year ended March 2020 as against Rs 1224.84 crore during the previous year ended March 2019. ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales268.49327.95 -18 1088.461224.84 -11 OPM %10.5314.66 -12.9011.41 - PBDT10.2428.33 -64 72.77136.15 -47 PBT-5.7916.58 PL 19.5188.26 -78 NP70.2010.13 593 89.7070.11 28

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First Published: Fri, June 26 2020. 19:11 IST