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Escorts spurts after strong Q3 performance


Escorts rose 4.99% to Rs 1328.05 after the company s consolidated net profit jumped by 85.1% to Rs 286.71 crore on a 23.8% rise in revenue from operations to Rs 2,042.23 crore in Q3 FY21 over Q3 FY20.
Profit before tax in Q3 December 2020 stood at Rs 382.49 crore, up by 81.2% from Rs 211.12 crore in Q3 December 2019. Current tax outgo was higher by 71.2%, at Rs 97.37 crore in Q3 FY21 over Q3 FY20.
On a standalone basis, the company s net profit increased by 83.4% to Rs 280.7 crore on a 23.5% rise in revenue from operations to Rs 2,017.4 crore in Q3 FY21 over Q3 FY20.
Tractor volumes were up by 25.7% at 31,562 units in quarter ended December 2020 as against 25,109 units in the corresponding period last fiscal. ....

Nikhil Nanda , Railway Equipment , Escorts Group , Capital Market , நிகில் நந்தா , ரயில்வே உபகரணங்கள் , எஸ்கார்ட்ஸ் குழு , மூலதனம் சந்தை ,