Escorts Limited flags off ‘Jai Kisan Utsav’, a pan-India Initiative for the Indian Farming Community
Escorts Limited, India’s leading tractor manufacturer, today flagged off ‘Jai Kisan Utsav’, a first-of-its-kind, customer-focused initiative for the Indian farming community. The two-month long initiative from Escorts offers host of benefits, ranging from insurance schemes, exchange programs, free service camps to special discounts, to farmers across the country.
For the Editor
Escorts Limited pioneered farm mechanization in the country by launching Escorts Agricultural Machines Limited in 1948, with a franchise of the U.S.-based Minneapolis Moline, for marketing tractors, implements, engines & other farm equipments. In 1960, the company set up the strategic Agri Machinery Group (AMG) to venture into production and marketing of tractors and rolled out its first batch of tractors in 1965 under the ‘Escorts’ brand name. In 1969, a separate company, Escorts Tractors Ltd.
Escorts Q3 net profit surges by 139% to Rs. 22 Crore
Escorts Limited today reported a Net Profit of Rs.22 crore for the third quarter of the fiscal ending June 30, 2009, a 139% increase over Rs 9 crore registered for the corresponding period of last fiscal. Quarter sales grew 10% to Rs 582 crore as against Rs. 527 crore registered in corresponding period in last fiscal. Escorts Limited follows an October-September fiscal year.
Escorts Half Year Net Profit Up At Rs 7.48 Crore
Escorts Limited today reported a higher profit of Rs.7.48 crore for the half year ended 31st March 2009. The Profit Before Tax stood at Rs.16.46 crore for the half year, as against a profit of Rs.6.77 crore in the corresponding period. The rise in profit was as a result of focused efforts by the company in regulating and controlling cost and expenses and improving product technology and quality.
Escorts Quarter Sales Up By 16.7% At Rs.495 Crore
Escorts Limited has registered a 16.7% increase in sales in the first quarter of fiscal 2008-09 ending December 31, 2008. Despite tight market conditions, Escorts Limited grew its sales for the quarter to Rs. 495 crore as against Rs.424 crore in corresponding period. Continuing its focus on improved earnings, the company recorded a 44% increase in EBIDTA at Rs.29.69 crore as against an EBIDTA of Rs. 20.64 crore in corresponding period.
Escorts Profits Surge To Rs 11.87 Crore In Fy 08
Escorts Limited profits rose to Rs 11.87 crore in financial year 2007-08 ending 30th September 2008 on the back of a slew of strategies that has delivered higher domestic market share, improved earnings from a lower market base, structural reorganisation and greater cost and operational efficiencies. This is against a loss in the previous fiscal of Rs 6.44 crore.
Escorts Limited Showcases its Versatile 4 - Cylinder Tractor : Powertrac 4455
Escorts Limited, India's leading tractor manufacturer, showcased its recently launched four-cylinder offering POWERTRAC 4455 (also PT 4455) at India's largest agricultural show KISAN'08 (Agri Fair) - being held at International Exhibition Centre, Moshi, Pune.
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.