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Escorts Group News

Escorts FY09 net profit at Rs. 89.74 Crore

Escorts Limited today reported a Net Profit of Rs.89.74 crore for the financial year 2008-09 ending September 30, 2009, an eight fold increase in profit from the Rs 11.87 crore registered for the last financial year of 2007-08. Net Sales grew 8% to Rs 2157.78 crore as against Rs 1992.93 crore registered in last fiscal. Escorts Limited follows an October-September fiscal year.

Escorts has Signed a Memorandum of Understanding (MoU) with IFFCO, a Multi-state Co-operative Society, which will Work Towards Empowering farmers with

Escorts Limited today reported a Net Profit of Rs.89.74 crore for the financial year 2008-09 ending September 30, 2009, an eight fold increase in profit from the Rs 11.87 crore registered for the last financial year of 2007-08. Net Sales grew 8% to Rs 2157.78 crore as against Rs 1992.93 crore registered in last fiscal. Escorts Limited follows an October-September fiscal year.

About Escorts Construction Equipment Limited (ECEL)

Escorts Construction Equipment Ltd. (ECEL), a subsidiary of Escorts Limited, is India’s leading material handling and construction equipment company. ECEL has defined the evolution of India’s Earthmoving and Construction Equipment (ECE) space over the past 37 years.

Escorts consolidates its position in the construction equipment space, launches three new products for the Indian market

Escorts Construction Equipment Limited (ECEL), the Construction Equipment and Material Handling Equipment manufacturing arm of Escorts Limited, today launched three new products in the construction equipment space. The company recently signed a distribution agreement with M/S Manitou BF, SA Corporation of France for its Maniscopic range of telescopic handlers and range of access platforms.

Escorts Limited appoints O.K. Balraj as Group Chief Financial Officer

Escorts Limited today appointed O.K. Balraj as Group Chief Financial Officer.

Escorts Construction Equipment Ltd. ties up with Zoomlion, China

Escorts Construction Equipment Limited (ECEL), the Construction Equipment and Material Handling Equipment manufacturing arm of Escorts, has signed an agreement with, Hunan Zoomlion International Trade Co. Ltd., China, the world’s top 10 mobile crane manufacturer and part of the US $ 4 Billion Zoomlion Group, for marketing a wide range of Truck cranes and All-Terrain truck cranes in India.

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.

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