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.
Dare to Imagine, Dare to Dream, Dare to think Differently
New Delhi, April 8, 2014: Escorts Limited, India’s leading tractor manufacturer, yesterday hosted Bharat Ratna Dr. APJ Abdul Kalam, former President of India, at its corporate office in Faridabad. Dr. Kalam addressed and interacted with the employees and also visited the Engine Test Laboratory at the Escorts’ Knowledge Management Centre.
EEPC Excellence Award for Auto Exports
For the third year in a row, Escorts has been chosen for the prestigious EEPC India National Awards for Export Excellence. The company has been lauded as the Star Performer for the year 2012-13 in the Product Group of Two/Three Wheeler and Parts, Large Enterprise.
Rural Marketing honours for Crop Solutions
Mr. Rajan Aggarwal, Head – Crop Solutions & Applications, Escorts Agri Machinery, has been adjudged amongst “25 Most Talented Rural Marketing Professionals of India” by the Chief Marketing Officer Council, Asia.
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 167.6 crore
Escorts Limited reported a 141% growth in profit to Rs. 167.6 crore for the 12-month ended 30th Sept. 2013 as against Rs. 69.6 crore in the fiscal 2011-12. Profits for the fourth quarter stood at Rs. 43.6 crore as against Rs. 18.9 crore in the corresponding period in the last fiscal, an increase of 131%.
Escorts 12 Month Profit Soars to Rs. 167.6 Crore
12 Month closes with a 141% profit jump
World Premiere of new Farmtrac Series at Agritechnica
Escorts Agri Machinery will be launching the Farmtrac World Series of tractors at Agritechnica, Hannover, Germany. Considered to be one of the biggest agriculture exhibitions in the world, Agritechnica will be held between 10th and 16th of November, 2013.
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.
The Board of Directors of Escorts Limited announced the appointment of Mr. Nikhil Nanda as its Managing Director. He is currently the Joint Managing Director.