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Escorts Q2 profit grows 32.5% at Rs 102.7 crore

Escorts Q2 profit grows 32.5% at Rs 102.7 crore

Published By : Khetigaadi Team   24

 

Company's tractor sales stood at 21,039 units throughout the second quarter of this business.New Delhi: Tractor and construction equipment maker Escorts on wednesday according 32.5 % increase in its standalone profit at Rs 102.7 crore in the second quarter ending september 30, 2018.
The company has posted Rs 77.6 crore for Q2 2017, as per the regulatory filing.
Revenue from operations stood at Rs 1,398.4 large integer in quarter over september 2018 as against Rs 1,211.7 crore within the corresponding amount last business, up 15. 4 per cent. 
Commenting on the monetary performance Chairman and managing director, Nikhil Nanda said,"We arebuilding in strategic technology partnerships to bring in the world best for product potency and performance to supply best client expertise. Our construction instrumentality portfolio with our recent collaborations even have widened and provide product variability across applications. Railways business contains a robust order pipeline and is consistently developing technology for sector comfort and safety. we have a tendency to are completely aligned to the national target farming mechanisation and developing urban good infrastructure." 
Company's tractor sales stood at 21,039 units throughout the second quarter of this business witnessing a growth of 3.3 per cent. EBIT margins for this section grew at 14.7 per cent as compared to 13.7 per cent within the corresponding amount last business. 
Sales of construction instrumentality jumped 36.9 per cent at 1,331 units in quarter ended Sept 2018 as against 972 units in the corresponding quarter.

 

 



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