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Escorts’ Q3 Profit at Rs. 35.7 crore

Escorts Limited today reported a net profit of Rs. 35.7 crore in the third quarter ended December 31, 2014. The third quarter saw an increase of 5.4% in turnover to Rs. 1,046 crore against Rs. 992.6 crore in the preceding quarter. EBIDTA was sequentially up by 46.1% at Rs. 49.0 Cr. in the quarter ended December 2014 as against Rs. 33.5 Cr. in the quarter ended September 2014.

Domestic tractor industry remains flat sequentially, company posted an increase of 9.5% in domestic tractor volumes to 15,455 against 14,117 tractor in preceding quarter ended September 2014. Total volume up by 5.8% to 15,881 tractor against 15,013 tractor in quarter ended September 2014. Construction Equipment posted an increase of 7.2% sequentially in volume to 801 units against 747 units in quarter ended September 2014 and correspondingly up by 8.7% from 737 units in quarter ended December 2013.