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Escorts Group News

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.

Escorts Limited consolidates its market in Uttar Pradesh

Escorts Limited, India's leading tractor manufacturer, is upbeat about its sales in the market of Uttar Pradesh. The company registered a growth of 22% in tractor deliveries for the quarter ended June 30, 2010 as compared to the corresponding quarter last year. The turnaround has been made possible with the launch of a new tractor variant Powertrac 429 (PT429), customer support programmes, increasing points of sale, revamping dealer distribution network and customer focused initiatives.

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 Q3 net Profit up 106% to Rs45.84 Crore

Escorts Limited today reported a profit of Rs. 45.84 crore for the quarter ended June 30, 2010, a 106 per cent increase over Rs 22.2 crore registered for the corresponding period of last fiscal. The Profit Before Tax (PBT) stands at Rs.68.4 crore for the quarter, as against a profit of Rs.41.4 crore in the corresponding period. Net sales rose to Rs 806 crore, a 38.5 per cent increase from Rs.582 crore in the previous year. EBITDA before exceptional items went up by 24 per cent from Rs 63.1 crore

Escorts wins Indian Tractor Industry’s Largest ever order, Awarded US$40 Million Order by Tanzania

Escorts Limited, India’s leading tractor manufacturer, today set a new benchmark by winning Indian tractor industry’s largest ever order for tractors. Valued at US $ 40 million (about Rs. 185 Cr) the prestigious order has been awarded to Escorts by the Government of the United Republic of Tanzania.

Escorts Half Year net Profit up 767% to Rs 64.87 Crore

Escorts Limited today reported a higher profit of Rs. 64.87 crore for the half year ended March 31, 2010, a 767% increase over Rs 7.48 crore registered for the corresponding period of last fiscal. The Profit Before Tax (PBT) stood at Rs. 87.14 crore for the half year, as against a profit of Rs.16.46 crore in the corresponding period. Total half yearly sales and income from operations rose to Rs. 1272 crore from Rs. 977 crore in the previous year.

Global Tractor Major eyes Morocco for its high-end Premium Tractor Range Escorts Limited, a $600mn Enterprise, Launches Farmtrac

Escorts Limited, India’s leading tractor manufacturer, today announced its foray into Morocco by launching its high-end premium tractor range - FARMTRAC. The company unveiled its four-cylinder offerings FARMTRAC 80 and FARMTRAC 80DT, at SIAM (the 5th International Agricultural Fair) being held in Meknes, Morocco.

Escorts Limited Launches FT-60 X-TRA Torque in Punjab and Haryana

An upgraded version of the Escorts FT-60 variant, the new model best suited for specialized applications offers higher power, improved breaking system and power steering

Escorts Launches Backhoe Loaders

Escorts Construction Equipment Limited (ECEL), the Construction Equipment and Material Handling Equipment manufacturing arm of Escorts Limited, today announced the launch of its backhoe loader - DIG MAX, a best-in-class 76HP, 8 tonne operating weight backhoe loader with an array of superior features especially designed for Indian conditions.

Escorts Sets New Milestone, Crosses 11 Lakh Unit Mark

Escorts Limited, India’s leading tractor manufacturer, which is celebrating its 65 glorious years of existence, is on a roll. The company recently crossed the 11 lakh unit mark in tractor sales. This significant milestone is a reflection of Escorts commitment to provide customer-focused solutions, sound engineering and technological excellence.

Escorts Quarter Sales up 21.2% at 600.22 Crore Net Profit at 23.40 Crore

Escorts Limited has registered a 21.2% increase in sales in the first quarter of fiscal 2009-10 ending December 31, 2009. Net Sales for the quarter rose to Rs.600.22 crore as against Rs. 495.26 crore in corresponding period. Escorts Limited turned in a net profit of Rs 23.40 crore for the quarter against a loss of Rs 0.34 crore in the corresponding period. The company sold 13,561 tractors in the quarter as against 10,135 nos.

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