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Escorts Group News

Escorts FY11 net profit at 120.1 Crore

New Delhi, November 28, 2011: Escorts Limited today reported a rise in Net Sales by 17% at Rs 3,210 crore in the financial year 2010-11as against Rs 2,745 crore in the previous year. The company reported a Net Profit of Rs120.1 crore for the financial year 2010-11 ending September 30, 2011. This is against a net profit of Rs 137.5 crore in the previous fiscal. EBIDTA stood at Rs 174.5 crore in the current fiscal.

Escorts Third Quarter Net Profit AT 13.2 Crore

New Delhi, August 5, 2011: Escorts Limited today reported a Net Profit of Rs 13.2 crore for the third quarter of the 2010-11 financial year ending June 30, 2011. Net sales stood at Rs 728.9 crore. Escorts Limited follows an October-September fiscal year and the reported quarter is the third quarter of fiscal 2010-11.

Escorts Enters Niche Domain of Rail Traction Systems

Escorts has signed an exclusive agreement with Ingeteam Traction to provide world class traction systems to Indian Railways.

Escorts Knowledge Management Center Wins the "Greenteck Gold Award" for Excellence in Environment Management

The Escorts Group is among India's leading engineering conglomerates has been committed to environment conservation and management. From focusing on producing Agri Machinery to implementing eco friendly technologies, waste management and from reducing its carbon footprint to driving energy conservation, Escorts Limited – Agri Machinery Group has been leading the agenda of growth with responsibility.

Escorts Construction Equipment Limited to have a Significant Presence at Southeast Asia's Largest Construction Equipment Fair EXCON 2011

New Delhi, November 1, 2011: Escorts Construction Equipment Limited (ECEL), the Construction and Material Handling Equipment manufacturing arm of Escorts Limited, today confirmed its participation in the 6th International Exhibition on Construction Equipment & Construction Technology Trade Fair - EXCON 2011.

Escorts Ties up with Ingeteam, Spain for Railway Traction Systems

New Delhi, October 13 2011: Escorts Limited, a leading manufacturer of critical railway components for over 40 years, has signed an exclusive agreement with Ingeteam Traction to provide world class traction systems to Indian Railways. The product has large scale application on Electric Locomotives, Diesel-Electric Locomotives, Diesel Electrical Multiple Units (DEMU) and Electric Multiple Units (EMU) of Indian Railways. The Product can also be used on metro rail coaches.

Escorts Limited Appoints S.Sridhar as Chief Executive Officer of Agri Machinery Group

New Delhi, October 10, 2011: Escorts Limited today announced the appointment of S. Sridhar as the Chief Executive Officer of Agri Machinery Business. S. Sridhar brings to the Agri Machinery Group 26 years of experience in Engineering, Automotive Industry and Manufacturing. An Agriculture Engineer, Sridhar's domain experience will be important for driving the Group's strategic thrust in expansion of markets, diversification of product portfolio and creation and leadership in new categories. Mr. R

Escorts Limited Signs Exclusive Agreement with European firm for Disc Brake System for Railway Coaches

Escorts Limited, a leading manufacturer of critical railway components since the last over 40 years, has signed an exclusive agreement for the supply of disc brake system for railway coaches with DAKO-CZ a.s. of Czech Republic, a world renowned company in railway braking equipment systems. Through this partnership, Escorts will be able to offer cutting edge technology and world-class disc braking systems for LHB design ‘High Speed Passenger Coaches’ of the Indian Railways.

Escorts Second Quarter net Profit to 73.2 Crore

Construction equipment business shows half yearly net sales of 380.8 crore ending March 2011 as against full year sales of 575 crore in FY2010

CNBC Awaaz interviews CMD Mr. Rajan Nanda on Q3 results Escorts Knowledge Management Center wins the the Greentech Gold Award

Escorts Ltd. unveiled its 'Jai Kisan Series' of tractors in Punjab, Haryana, Rajasthan and Uttar Pradesh. The new 'Escorts Jai Kisan Series' is a path breaking initiative that recognizes the new market order for varied needs of the Indian farmer, changing tractor uses for specialized applications and usage of modern and heavy-duty implements & attachments, thereby offering wider options for agricultural, infrastructure as well as specialized applications for land development activities.

Escorts First Quarter net Profit at 25.4 Crore

Escorts Limited today reported a Net Profit of 25.4 crore for the first quarter of the 2010-11 financial year ending December 31, 2010, registering an increase of 9 per cent from 23.4 crore for the corresponding quarter last fiscal. The company’s Profit Before Tax (PBT) stood at 30.7 crore. Net Sales grew by 38% to 827.7 crore as against 600.2 crore registered in the corresponding quarter.

Escorts Signs MoU woth IFFCO

Escorts has signed a Memorandum of Understanding (MoU) with IFFCO, a multi-state Co-operative Society, which will work towards empowering farmers with agriculture equipments further helping enhance agri productivity leading to overall economic development of the country.

Escorts FY10 net Profit up 53 % At 137.5 Crore

Escorts Limited today reported a Net Profit of Rs.137.5 crore for the financial year 2009-10 ending September 30, 2010, registering an increase of 53.3 per cent from Rs.89.7 crore for the financial year of 2008-09. The company increased its Profit Before Tax (PBT) by 69.3% Year on Year (YoY) to Rs.188 crore from Rs.111 crore. Net Sales grew 27% to Rs.2745.7 crore as against Rs.2157.7 crore registered in the last fiscal.

Escorts Limited Joins Hands with the Government of the United Republic of Tanzania

Escorts Limited, India's leading tractor manufacturer, today delivered the first batch of 100 tractors to the Government of the United Republic of Tanzania under the national "Food Sufficiency Program" aimed towards imparting a major thrust to farm mechanization and enhance agricultural productivity thereby making Tanzania a food surplus country. Escorts has been chosen to supply 2000 units of its premium range of powerful Farmtrac tractors to Tanzania over a period of 5 months.

Escorts conferred 'Industry Leadership Award' at the Agriculture Leadership Summit 2010

Escorts Limited, India's leading tractor manufacturer, was honoured with the 'Industry Leadership Award' at the Agriculture Leadership Summit 2010. Organized by the magazine 'Agriculture Today', the award is recognition of Escorts' outstanding contribution in the field of agriculture. Escorts Limited was chosen by the National Awards Committee of Agriculture Leadership Awards headed by A R Kidwai, former Governor of Haryana and Prof M S Swaminathan, eminent agriculture scientist.

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