Escorts Quarter Profit Up 49.04 Per Cent At Rs 9.30 Crore
Escorts Limited has registered a 5.3 per cent increase in sales and a 49 per cent increase in net profit in the third quarter of fiscal 2007-08, ending June 30, 2008. Despite tight market conditions, Escorts Limited improved its performance over the corresponding quarter. The Profit After Tax stood at Rs 9.30 crore as against a loss of Rs 6.24 crore in the corresponding quarter.
Escorts Quarter Profit Up 44.26 Per Cent At Rs 9.68 Crore
Escorts Limited today reported a higher profit of 44.26 per cent for the quarter ended 31st March 2008, riding on the back of improved operational efficiencies. The Profit After Tax stood at Rs 9.68 crore as against Rs 6.71 crore in the corresponding quarter. The profit for six months was up to Rs 3.75 crore from Rs 3.67 crore in the corresponding period.
Escorts Construction Equipment Limited Ties up with Construction Industry - Development Council to Provide Accredited Training Programs
Escorts Construction equipment Limited (ECEL), has recently collaborated with Construction Industry Development Council (CIDC), established by the Planning Commission, to roll out skill upgrading programs for construction equipment operators and technicians.
Escorts Construction Equipment Limited (ECEL) Expands Portfolio - Launches Fully Hydraulic Crawler Cranes
Escorts Construction Equipment Limited (ECEL), the Construction Equipment and Material Handling Equipment manufacturing arm of Escorts, has expanded its product portfolio and launched Crawler cranes in India. Escorts Construction Equipment Limited has signed up with IHI Construction Machinery Limited of Japan which is part of IHI Limited, a USD 12 billion company, for marketing its entire range of crawler cranes in India.
Escorts Construction Equipment Ltd. Ties up with Singapore Technology Kinetics
ECEL to market the world renowned 'LeeBoy' brand of equipment for road construction and maintenance purposes, complementing its existing range
Escorts announces appointment of Rohtash Mal as Executive Director and CEO of Agri Machinery Group (AMG)
Escorts today announced the appointment of Mr. Rohtash Mal as the Executive Director & Chief Executive Officer of its Agri Machinery Group.
Escorts Construction Equipment Ltd (ECEL) Launches TRX Series of Pick-n-Carry Cranes in the 23T, 17T and 16T Category
ECEL, a subsidiary of Escorts Limited and a leader in the Indian Construction and Material handling Equipment Industry, today launched TRX Series of Pick-n-Carry Cranes in the 23T (TRX 2319), 17T (TRX 1713) and 16T (TRX 1614) category in EXCON 2007.
Nikhil Nanda takes charge as Joint Managing Director
At the Board Meeting of Escorts Limited held today, Mr. Nikhil Nanda, Director and Chief Operating Officer has been elevated to the position of Joint Managing Director of the company. In his new role, he will lead the operations of the company and will drive the business growth initiatives of Escorts.
Escorts Signs up with IHI of Japan and Huata of China for Marketing of their Range of Crawler and Tower Cranes
Faridabad: Escorts Construction Equipment Limited (ECEL) has signed up with IHI Construction Machinery Limited of Japan, the US$ 8 billion manufacturer of crawler cranes, for marketing of its crawler cranes in India.
Escorts continues to surge ahead on firmly chalked out growth plans
New Delhi, April 26, 2007: Escorts continues its unabated growth with strong performances in the second consecutive quarter ended March 2007 (FY October 2006 - September 2007). Moving ahead as per its chalked out resurgence program, the company's production and sales volumes have gone up considerably (sales volume of tractors up 24% at 14,795 from 11,970 in the corresponding quarter of previous year).
Escorts Board Approves Raising of US$ 100 Million Equity Linked Instrument through QIP
Escorts Ltd. today announced the Board of Director’s approval for raising US$ 100 million Equity Linked Instrument through Qualified Institutional Placement (QIP).
Escorts Announces Senior Appointments in Group Companies
Kamal Bali joins as CEO, Escorts Construction Equipment Limited (ECEL) and Inderjit Singh as Head-Knowledge Management Center of Agri Machinery Group (AMG)
Darby’s Second Asia Mezzanine Fund makes Investment in Escorts Construction Equipment Ltd.
New Delhi, March 26, 2007: Darby Overseas Investments, Ltd. ("Darby"), the private equity arm of Franklin Templeton Investments and a leading provider of private equity and mezzanine capital in emerging markets has committed an investment of Rs 750 million through an affiliate of its Darby Asia Mezzanine Fund II ("DAMF II") in Escorts Construction Equipment Ltd. ("ECEL"), the wholly owned subsidiary of Escorts and a leading manufacturer of construction and material handling equipment.
Escorts Re-Energising Gains Further Momentum
New Delhi, January 16, 2007: The re- energising story of Escorts continued unabated in Q1 with a remarkable turnaround in financial performance for the first quarter ended (FY October 06- September 2007) with a sharp rise in Sales volumes and the attendant positive EBIDTA.
Resurgence at Escorts Ltd
Tractor sales volumes at 47,612 up 83% on previous year annualised basis