Brief: India's Elecon Engineering Co June-qtr consol net loss widens

Elecon Engineering

03/08/2017 09:08

Aug 3 (Reuters) - Elecon Engineering Company Ltd  ELCN.NS : 
    * June quarter consol net loss 361.9 million rupees versus 
loss of 20.4 million rupees last year 
    * June quarter consol total income 2.44 billion rupees 
versus 2.65 billion rupees last year 
    * Says "first quarter of the fiscal has been a challenging 
one as we witnessed economic as well as operational headwinds" 
    * Says in the quarter, co saw dip in turnover due to 
customer issues which affected  co's fixed overhead coverage 
costs  
    * Says during the quarter co booked orders worth 1.39 
billion rupees in gear business 
    * Says "started seeing an improvement in our order flow post 
realignment of Elecon and Elecon EPC" 
 
    Source text - http://bit.ly/2hqzZf6 
    Further company coverage:  ELCN.NS  
 
 ((Bangalore.newsroom@thomsonreuters.com;))