Recuperating from the Losses, Recovery Seems Farther Disappointing results for Q3FY17: ECNL has registered a turnover growth of 15.1% sequentially and a negative -12.9% YoY growth for Q3FY17 mainly owing tolower than anticipated off-take from key customers. Despite the smooth integration of the merger between transmission & Materials Handling Equipment (MHE)business, the company has faced some teething issues which resulted in lower than expected numbers for 9MFY17.