Hope to get back to normalcy by end of year: Elecon Engg

Elecon Engineering reported a weak quarter which was impacted by customer issues. PB Patel, CMD of the company spoke about the results and his outlook for the company.

Before goods and services tax (GST) was introduced, a lot of private as well as public sector companies had stopped receiving goods which means though the production was done, invoicing could not take place. Customers have taken their time in picking up the goods post GST as well as the impact has also come in because of the product mix that we had in this particular quarter, he said.

Believe to get back to normalcy by end of year and would be able to maintain what we have been doing in the past, he added.

Things are back to normalcy with GST implementation so we are confident that it will start reflecting in our figures shortly, said Patel.