Escorts has reported results for the fourth quarter and year ended March 31, 2016.
The company has registered a growth of 28.66% in its net profit at Rs 16.43 crore for the quarter ended March 31, 2016 as compared to Rs 12.77 crore for the same quarter in the previous year. However, total income of the company has decreased by 2.33% at Rs 823.48 crore for quarter under review as compared to Rs 843.11 crore for the quarter ended March 31, 2015.
For the year ended March 31, 2016, the company has posted a surge of 19.64% in its net profit after tax at Rs 89.38 crore as compared to Rs 74.71 crore for the same period in the previous year. However, total income of company declined 12.76% at Rs 3530.01 crore for year under review as compared to Rs 4046.48 crore for the period ended March 31, 2015.
For the year ended March 31, 2016, on the consolidated basis, the company has posted a marginal gain of 0.98% in its net profit after taxes and minority interest at Rs 77.06 crore as compared to Rs 76.31 crore for the same period in the previous year. However, total income of company has slipped 13.88% at Rs 3598.23 crore for year under review as compared to Rs 4177.92 crore for the period ended March 31, 2015.
