Escorts FY12-14 Profit Up 81% AT Rs. 245 Crore
New Delhi, May 28, 2014 Escorts Limited today reported a 81.2% growth in profit to Rs. 244.9 crore for the 18 months ended March 2014 as compared to Rs. 135.2 crore in the 18 months ended March 2013. The total tractor volume sales went up by 8.9% at 1,00,833 in current period as compared to 92,543 in the 18 months ended March 2013. EBITDA was up by 117 bps from 4.9 % in the 18 months ended March 2013 to 6.1 % in current fiscal.
Escorts brings Farmtrac Heritage Series to South Africa
New Delhi, May 14, 2014: Escorts Limited, India’s leading tractor manufacturer, today announced the launch of its most effective Farmtrac Heritage range at South Africa’s biggest agriculture show, NAMPO 2014. The Heritage range, after receiving tremendous response in last year’s “Agritechnica” at Hanover (Europe), is now being introduced in South Africa.
Escorts' Q5 Profit up over 62% at Rs. 45.6 Crore
New Delhi, January 27, 2014: Escorts Limited today reported an increase in net profit of 62% from Rs 28.1 crore last year to Rs. 45.6 crore in the fifth quarter of its extended financial year. The company reported a 118% growth in profit to Rs. 213.1 crore for the 15-month ended 31st December 2013 as against Rs. 97.7 crore in the same period last year.
Escorts adds Glamour & Comfort to its new Farmtrac Executive Series
Chandigarh, December 17, 2013: Escorts Limited, India’s leading tractor manufacturer, today announced the launch of its new premium tractor series - The All-New FARMTRAC ‘Executive’ Series, country’s most stylish looking tractors. With best-in-class combination of impressive features, modern design, stunning looks, and world-class technologies – this new series is set to revolutionize the high end premium Indian tractor market.
Escorts revolutionizes the Popular Tractor Segment
Bhopal, December 5, 2013: POWERTRAC, a popular tractor brand from the stable of Escorts Limited, known for its excellent fuel economy, today announced the launch of its new ‘EURO SERIES’ – offering European comfort and stylish features for the new age Indian farmers. The new POWERTRAC DS – PLUS EURO SERIES offer increased comfort & pleasant environment for more work and more earning opportunity.
Farmtrac Ambitions Became Clear at Agritechnica
The ‘new kid on the block’ in European tractors - Farmtrac will use this year’s Agritechnica event to posi>on the brand as a reliable and financially astute alternative to the established badges.
Escorts Targets 10% Market Share in European Market
New Delhi, November 11, 2013: Escorts Limited, India’s leading tractor manufacturer, today announced its plans to create a new 80 HP in European tractor market. At AGRITECHNICA 2013, Escorts will launch its new range of products aptly designed and competitively priced that will redefine the European Tractor Market.
Escorts 12 Month Profit Soars to Rs. 167.6 Crore
12 Month closes with a 141% profit jump
Escorts launches Steeltrac – The Row Crop Specialist
Ahmedabad, October 7, 2013 : Escorts Limited, India’s leading tractor manufacturer, today announced the launch of India’s first row-crop special tractor - Steeltrac, specially designed for row-crop farming. Escorts has entered into a strategic alliance with Rajkot-based Adico Group for manufacturing of this sub-20 HP tractor.
Nikhil Nanda appointed Managing Director of Escorts Ltd
New Delhi, September 18, 2013: The Board of Directors of Escorts Limited today announced the appointment of Mr. Nikhil Nanda as its Managing Director. He is currently the Joint Managing Director.
Escorts enters Cambodia, strengthens position in South East Asia
Phnom Penh, Cambodia, September 11, 2013: Escorts Limited, India’s leading tractor manufacturer, today announced its entry into Cambodia with the launch of its premium tractor range - Farmtrac. For the launch, Escorts has collaborated with TATA International which will operate as the distributor (TATA South East Asia (Cambodia) Ltd.) of the brand. With world-class technologies, impressive features, and stunning looks – these new tractors are set to revolutionize the Cambodian tractor market.
Escorts Union Sign Agreement on Employee Welfare
New Delhi, 2 September, 2013: Continuing with the spirit and tradition of Company-Employee harmonious collaboration that have been maintained over the years, Escorts Limited, India’s leading tractor manufacturer, today signed a long term agreement on for the period 2013-16.
Escorts Records 216 % Growth in Third Quarter
ESCORTS RECORDS 216 % GROWTH IN THIRD QUARTER
Escorts Launches Crop Solutions, signs MoU with SBI
Faridabad, June 4, 2013: Escorts Limited, India’s leading tractor manufacturer, today signed a Memorandum of Understanding (MoU) with State Bank of India (SBI) for providing financial assistance to its newly launched agri service infrastructure called ‘Escorts Crop Solutions’.The signing ceremony was presided over by Mr. Ashish Kumar Roy, Chief General Manager, State Bank of India and Mr.Rajan Aggarwal
Escorts Limited Announces Financial Results for Q2 & H1 FY13
Faridabad, May 9, 2013:Escorts Ltd one of India's leading engineering conglomerates, announced its reviewed financial results for second quarter and half year ended March, 31st 2013 at its Financial Result Committee meeting held today.