Elecon Engineering Company reported a 33% decline in net profit to Rs 72 crore for the December quarter, despite a 4.3% rise in revenue to Rs 552 crore. The company cited order inflow delays and increased employee costs impacting margins. Management expressed confidence in future recovery due to a healthy order book and strong inquiry levels. The company's stock experienced a significant drop following the announcement, with shares falling between 13% and 16%.