Elecon Engineering's Consolidated Net Profit Plummets in Fiscal Q4

MT Newswires Live

04/15

Elecon Engineering Company's (NSE:ELECON, BOM:505700) consolidated net profit plunged to 60 million Indian rupees in the fiscal fourth quarter ended March 31, from 1.46 billion rupees a year ago.

Earnings per share contracted to 0.27 rupees from 6.53 rupees a year earlier, the power transmission and material handling equipment manufacturer said in a filing to the Indian stock exchanges on Wednesday.

Revenue from operations in fiscal Q4 also fell to 7.46 billion rupees from 7.98 billion rupees a year ago.

The company's board of directors has recommended a final dividend of 1.50 rupees per equity share of 1 rupee each for the financial year 2025-26.

The company's shares were down nearly 1% inr ecent trade.

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