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Escorts reports 28% yoy growth in tractor sales in December

Escorts reports 28% yoy growth in tractor sales in December

Published By : Khetigaadi Team   960

Escorts limited (Escorts), one of India’s leading agricultural equipment manufacturers, reported strong volume numbers in December 2018. It sold 4,598 tractors in December 2018.

Total volumes for the month were higher 28% yoy and lower 43% mom. The company sold  4,212 tractors in the domestic market in December 2018, up 21% yoy and down 45% mom. Export volume was 386, up 197% yoy and 6 % mom. For the quarter (Q3FY19), The company  sold  25,743 tractors, up 36% yoy and 22% qoq.

Escorts Ltd is currently trading at Rs711.50 up by Rs5.3 or 0.75% from its previous closing of Rs706.20 on the bse. The scrip opened at Rs707.50 and has touched a high and low of Rs715 and Rs696.70 respectively.

So far 18,55,243 (NSE+BSE) shares were traded on the counter. the current market cap of the company is Rs8,656.60cr



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