Disappointing results for Q2FY17: ELCN has registered a meager turnover growth of 1.5% sequentially and a negative -12.9% YoY growth for Q2FY17 mainly owing to lower than anticipated off-take from key customers. Despite the smooth integration of the merger between transmission & MHE (Material Handling Equipment) business, the company has faced some teething issues which resulted in lower than expected numbers for H1FY17.