Branch² Intelligence
Q1 Results Live Updates: Elecon Engineering Profit Falls 60%; L&T Finance, Justdial In Focus
Key takeaway
Elecon Engineering Q1 profit down 60% — signals margin compression in capital goods sector.
- Step 1Elecon Engineering Q1 profit down 60% — margin compression due to input cost inflation or project delays.
- Step 2SME suppliers to Elecon face delayed payments and reduced orders, straining their working capital.
- Step 3Banks with exposure to engineering SMEs may see higher NPAs, tightening credit availability for the sector.
Source: IN:NDTV Profit
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