Elecon Engineering Company today posted a nearly two-fold jump in its net profit to Rs 36.82 crore for the quarter ended December 31, 2010 over the same period last fiscal.
The Gujarat-based company had a net profit of Rs 19.83 crore in corresponding period last fiscal, Elecon Engineering Company said in a filing to the Bombay Stock Exchange.
During the quarter under review, the firm's net sales stood at Rs 300.93 crore, an increase of 20.4% from Rs 249.88 crore posted in the year-ago period.
Elecon Engineering Company Limited supplies hi-tech equipment to major core sectors such as steel, fertilisers, cement, coal, lignite and iron ore mines, sugar, power stations and port mechanisation in both domestic and overseas market.
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