Expect 14-15% FY12 growth, no pricing pressure seen: Elecon

Prashant Amin, executive director of Elecon Engineering spoke to CNBC-TV18 about the new orders the company has bagged from McNally Bharat and what it means for their financials.

Order inflow slowdown to turn post diwali, says Elecon Engg

Due to the slowdown in the economy, Elecon Engineering is experiencing a phase of slowdown in orders. However, chairman and managing director, Prayasvin Patel believes that this is a temporary situation.

Expect FY12 revenue growth of 20-25%: Elecon Engineering

Prashant Amin, Group Director, Elecon Engineering expects the Benzlers-Radicon acquisition to add Rs 120-150 crore to the topline. The company also intends to expand in the international market with this acquisition because these facilities have in US, Sweden and UK.

Elecon Engg expects around 25% growth in turnover in FY12

In an interview with CNBC-TV18, Prashant Amin, Director, Elecon Engineering says, the company’s totalo order book is around Rs 1,700 crore. “At present, we have order book of more than Rs 1,000 crore in the material handling division,” he adds. He expects around 25% growth in turnover in FY12.

Elecon Engg eyes 15-20% revenue growth ahead

Speaking to CNBC-TV18, Hemendra C Shah, CFO of Elecon Engineering said, "The company is aiming to achieve 15-20% growth in its revenue in future and this is apart from the acquistions made till now."