MUMBAI: Elecon Engineering will complete restructuring process by June and the company expects to see financial flexibility once completed.

The company aims to consolidate group companies and that would be completed by March.

Benefits post restructuring:
Will reduce double taxation within the group
To improve the debt/equity ratio currently at 1.8

Order book status:
Current order book at 1360 cr, down 24.8% (YoY)
Material handling equipment accounts for 81% of order book
Order inflow declined 35.9% yoy to Rs193 cr
Slow order inflow led by 58.5% decline in MHE order inflow at Rs81 cr
Order inflow in gearboxes up 5.7% yoy basis at Rs112 cr