Page 2 - Escorts Ltd

Kubota Corp gets CCI nod for acquisition of 9% stake in Escorts

Under the deal, Escorts will allot about 1.23 crore equity shares through a preferential issue to Kubota Corp at Rs 850 per share

Bull spread strategy on Escorts by Nandish Shah of HDFC Securities

Long build-up is seen in the Escorts Futures'

Escorts Q3 net profit up 9% to Rs 153 crore, revenue dips to Rs 1,633 crore

Farm equipment and engineering products maker Escorts Ltd on Wednesday reported a 9.27 per cent increase in its net profit to Rs 153.1 crore for the third quarter ended December 31, 2019. The company had reported a net profit of Rs 140.1 crore for the same period of the previous financial year. Revenue from operations, however, declined to Rs 1,633.4 crore during the October-December quarter as against Rs 1,655.1 crore in the corresponding period last fiscal, Escorts Ltd said in a statement. "We are continuing our journey of providing unique and innovative technology solutions for maximising agriculture yield, bring in efficiency in the construction equipment space and make rail transport safer," Escorts Chairman and Managing Director Nikhil Nanda said. The company's investment in new product development, R&D and wider distribution is in line with the enhanced customer experience that it has committed to offer to create value for customers across domestic and export geographies, ..

Rajan Nanda: The man who fast-tracked Escorts' tractor business

It is interesting that Nanda tried his hands over multiple businesses but in his lifetime realised the need to focus on the core, which is, tractor beside construction and railway equipment

Escorts Group Chairman Rajan Nanda passes away; condolences pour in

Shweta Bachchan Nanda's father-in-law and Chairman of Escorts Group, Rajan Nanda, passed away.He was the husband of late superstar Raj Kapoor's daughter Ritu Nanda.Actor Ranbir Kapoor's sister Riddhima Kapoor Sahani took to Instagram to confirm the news of the demise of her 'uncle Rajan.'"You were are & will always be a legend! Thank you for all the love always - will miss you so much uncle - until we meet again RIP uncle Rajan," she wrote.Amitabh Bachchan too took to Twitter to thank his fans, who offered their condolences to the loss in the family.Late Rajan Nanda is survived by wife and two children, Nikhil and Natasha Nanda and their family.Sweta's husband Nikhil Nanda is the Managing Director of Escorts Limited.Escorts Group is an Indian engineering company that operates in the sectors of agri-machinery, construction and material handling equipment, and railway equipment.

Volumes, price hike aid Escorts's Q3 performance; growth outlook strong

Growth outlook for its three segments remains strong in the coming quarters

Escorts tractor sales up 6.5% to 5,119 units in Nov; exports nearly double

The company has sold 53,243 units in 2017-18 so far

Escorts: Strong volume growth guidance for Q2

On a day when the broader markets closed marginally lower, the Escorts stock was up a sharp 4.2 per cent on the back of a steady performance and strong outlook for its key divisions. Net profit for the quarter which came in at Rs 63 crore was up 34 per cent over the year ago quarter and was boosted by higher other income. The reported number beat consensus estimates of Rs 61 crore. Aided by 7 per cent increase in tractor volumes in the June quarter and a price hike in March, overall revenues were up by 11 per cent. There was however pressure on tractor sales in June due to uncertainty in the run up to the implementation of goods and services tax. Tractor sales in June were down by 18 per cent year on year as there was destocking by dealers to minimize the impact on inventories. The other segments of the company are construction equipment and railway equipment division which grew in the 10-20 per cent range. Though the performance of other segments helped in the topline growth, the ...

Escorts Q1 net up 33% to Rs 63 cr

Govt's focus on farm mechanisation, smart city infrastructure has been credited for positive growth

Escorts Q2 net profit jumps over three-fold to Rs 31 crore in second quarter

The company psts a net profit of Rs 9.78 crore during the July-September quarter of the previous fiscal