Financial Daily from THE HINDU group of publications
Sunday, Jan 23, 2005
Financial Daily from THE HINDU group of publications Sunday, Jan 23, 2005 |
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Corporate Results
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Engineering ELGI Q3 net dips Our Bureau
COIMBATORE: ELGI'S net profit (before taking the extra-ordinary expense such as VRS compensation into account) during the third quarter of the current fiscal dipped by more than half to Rs 3.96 crore as against Rs 9.7 crore during the corresponding period of the earlier year. The company ended the third quarter with a turnover (net of excise) of Rs 65.11 crore registering a drop of 16 per cent and 5 per cent over the corresponding quarter of the earlier year (Rs 77.78 crore) and the trailing quarter respectively. The Q3 total expenditure fell marginally to Rs 61.12 crore (Rs 65.63 crore).
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