Escorts: Q1FY18 Result
DSIJ Intelligence / 28 Jul 2017
Total sales for this quarter, Q1FY18, came in at Rs. 1163.15 crore. This represents a 11.42 per cent sequential increase and 10.98 per cent YoY increase.
Escorts reported its results for the quarter ended June 30, 2017 today.
Total sales for this quarter, Q1FY18, came in at Rs. 1163.15 crore. This represents a 11.42 per cent sequential increase and 10.98 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 79.75 crore and the EBIT margin stood at 6.86 per cent.
It reported PAT of Rs. 62.64 crore which represents a sequential QoQ increase of 5.95 per cent and a YoY increase of 23.43 per cent.
The company's stock opened at Rs. 640.50 on the BSE and recorded intra-day high and low of Rs. 679.40 and Rs. 627.10, respectively.
Escorts Limited manufactures and sells agri machinery, construction equipment, railway products and auto products in India and internationally.
It also provides round and flat tubes, heating elements, double acting hydraulic shock absorbers for railways coaches, center buffer couplers, automobile shock absorbers, telescopic front forks, as well as various brakes for use in railway, construction, earth moving and material handling equipment.
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