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Escorts rises after strong sales in June

Escorts rises after strong sales in June
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Railway Equipment Division , Escorts Agri Machinery , Escorts Construction Equipment , Capital Market , ரயில்வே உபகரணங்கள் பிரிவு , எஸ்கார்ட்ஸ் கட்டுமானம் உபகரணங்கள் , மூலதனம் சந்தை ,

Escorts to hike tractor prices from 1 July

Escorts to hike tractor prices from 1 July
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Railway Equipment Division , Agri Machinery Segment , Escorts Agri Machinery , Escorts Construction Equipment , Capital Market , ரயில்வே உபகரணங்கள் பிரிவு , எஸ்கார்ட்ஸ் கட்டுமானம் உபகரணங்கள் , மூலதனம் சந்தை ,

Escorts tractor sales decline 2.6% YoY in May

Escorts Agri Machinery Segment (EAM) in May 2021 sold 6,423 tractors against 6,594 tractors sold in May 2020, a decline of 2.6%.Sequentially, Escorts total tractor sales declined 2.37% in May 2021 compared with 6,979 tractors sold April 2021.
The company s domestic tractor sales declined 4.59% in May 2021 to 6,158 tractors as against 6,454 tractors in May 2020. Escorts said slowdown in demand is seen due to impact of COVID-19 in the rural parts impairing movement of customers and smooth operations of our dealerships. The company further said that the ground situation has somewhat eased in the last few days of the month, and it expects return to normalcy soon. In the medium term, the company expects rural sentiment to be strong, on account of all positive macroeconomic factors viz. prediction of a good monsoon, high crop production and better support by Government on crop prices. Inflation continues unabated and remains a worry, the company said. ....

Railway Equipment Division , Escorts Agri Machinery Segment , Escorts Agri Machinery , Escorts Construction Equipment , Capital Market , Agricultural Machinery , Heavy Equipment , Construction Equipment , Agricultural Machinery , Railway Equipment Division , ரயில்வே உபகரணங்கள் பிரிவு , எஸ்கார்ட்ஸ் கட்டுமானம் உபகரணங்கள் , மூலதனம் சந்தை ,

Escorts Q4 PAT up 93% YoY to Rs 346 cr

Escorts reported 93.2% jump in consolidated net profit to Rs 346.2 crore on 60.8% increase in revenue from operations to Rs 2,228.8 crore in Q4 FY21 over Q4 FY20.
On a standalone basis, the company s net profit increased 93.2% to Rs 271.3 crore in Q4 FY21 from Rs 140.4 crore in Q4 FY20. Revenue from operations jumped 60.1% year-on-year (YoY) to Rs 2,210.5 crore during the quarter.
For the quarter ended March 2021, Tractor sales were at 32,588 units, up 62.06% as against 20,108 units in the corresponding period last year. Segmental revenue came at Rs 1,738.8 crores in Q4 FY21, up by 64.3% as against Rs 1,058.4 crore in Q4 FY20.
Construction equipment sales in the fourth quarter were at 1,604 units, up by 62.7% as against 986 units in the same period last fiscal. Segmental revenue came at Rs 322 crore in the quarter ended March 2021, up by 53.3% as against Rs 210 crore in corresponding period last year. ....

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

Escorts sells 6,979 tractors in April

Escorts sold 6,979 tractors in April 2021 as compared to 705 tractors sold in April 2020.
The company s Agri Machinery Segment (EAM) recorded domestic sales of 6,386 tractors in April 2021 as against 613 tractors in April 2020.
The demand in April last year was drastically impacted by COVID-19 national lockdown; so was it in April 2021 although not to the same extent. This time around supply chain had minimal impact from local restrictions owing to the second wave of COVID-19.
This enabled the company to build some inventory in anticipation of some pent-up demand as the pandemic situation improves. The medium-term macroeconomic factors remain positive on account of record rabi harvest, sustained crop prices, and good prediction of monsoons this year. Inflation continues unabated and remains a worry. ....

Railway Equipment Division , National Infrastructure Pipeline , Agri Machinery Segment , Construction Equipment Segment , Agri Machinery , Escorts Construction Equipment , Capital Market , Province Of Bergamo , Df Group , Economy Of Italy , National Infrastructure Pipeline , Railway Equipment Division , ரயில்வே உபகரணங்கள் பிரிவு , தேசிய உள்கட்டமைப்பு குழாய் , கட்டுமானம் உபகரணங்கள் பிரிவு , எஸ்கார்ட்ஸ் கட்டுமானம் உபகரணங்கள் , மூலதனம் சந்தை , மாகாணம் ஆஃப் பெர்கமோ , டப் குழு ,