Press Release
Performance of Elecon Engineering Company Ltd.
QUARTERLY RESULT (Rs in Crores)

Particulars

Q2FY08

Q2FY07

Growth (%)

TURNOVER

183.71

175.46

4.70

PBT

24.74

23.45

5.50

PAT

17.23

16.27

5.90



HALF YEARLY RESULT (Rs in Crores)

Particulars

H1FY08

H1FY07

Growth (%)

TURNOVER

313.34

270.04

16.03

PBT

40.25

32.13

25.27

PAT

27.64

21.67

27.55



HALF YEARLY RESULT (Rs in Crores)

Division

H1FY08

H1FY07

Growth (%)

Material Handling Equipments

143.48

145.91

- 1.67

GEAR

169.86

124.13

36.84

Total

313.34

270.04

16.03



ORDER BOOKED IN THE FIRST HALF (Rs in Crores)

Division

H1FY08

H1FY07

Growth (%)

Material Handling Equipments

788

149

429

GEAR

172

157

10

TOTAL

960

306

214



UNEXECUTED ORDERS AS ON 30TH SEPTEMBER 2007 (Rs in Crores)

Division

Q2FY08

Q2FY07

Growth (%)

Material Handling Equipments

948

427

122

GEAR

213

169

26

Total

1161

596

95



The Company has large number of outstanding orders in Material Handling Segment in which industry, the revenue and margin do not accrue uniformly from quarter to quarter. Hence, the performance of the said segment can be discerned only on the basis of figures for the full year.

We hope to recoup the shortfall by achieving significant growth on main parameters of performance for the third and fourth quarters of the current Financial Year.

Bonus Issue

The Company in its Annual General Meeting held on 13th September 2007 has approved the issue of two bonus shares for every one equity share. The record date and date of allotment for the bonus issue were fixed as 11.10.2007 and 18.10.2007 respectively. The Company has received in-principle listing approvals from BSE and NSE for the said bonus issue. However, the Company is awaiting necessary approvals from BSE, NSE, NSDL and CDSL, which will be received shortly.

Market Capitalization as on October 24, 2007 was Rs. 2786 Crores.

Date 25-10-2007