Elecon Engineering Company Ltd., one of India’s largest Material Handling Equipments and Transmission Products manufacturer, announced its unaudited financial results for the quarter ended 30th June, 2008. The company has recorded a turnover of Rs. 168.65 crores as against Rs. 129.01 crores in the previous year, representing a growth of 31%.

Net profit (PAT) grew by 15% at Rs. 11.94 crores as against Rs. 10.41 crores in the corresponding period last year.

Commenting on the performance, Mr. Prayasvin Patel, Chairman & Managing Director, Elecon Engineering Company Ltd. said, “The growth in Turnover and Net Profit has come from increased marketing efforts, better manufacturing efficiencies and rationalization of costs. The Material Handling Division has achieved a remarkable growth of 58% with a large order book position and aggressive marketing initiatives. We look forward to continuing this trend”.

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About Elecon Engineering Company Ltd.:

Established in 1951, Elecon Engineering Company Ltd of Vallabh Vidyanagar, Gujarat, India, pioneered the manufacture of material handling equipment http://www.elecon.com. During these five decades, Elecon has designed and implemented several landmark projects in India as well as abroad. >From a modest start of design and manufacture of Elevators and Conveyors from which incidentally, the company derives its corporate identity. viz. "Elecon". It has grown over the years to be known as a pioneer of the concept of mechanized way of Bulk Material Handling Equipment in India. During the span of more than 5 decades, Elecon has encompassed all the major core sectors through its supplies of highly sophisticated equipment bearing ample testimony of the symbolic mark of Elecon's unbeatable technology. Elecon has thus, made its presence felt through consistent and satisfactory performance of its equipment in such core sectors as fertilizer, cement, coal/power generation, chemical, steel plant and port mechanization etc., across the country.

Website: www.elecon.com