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Escorts reports 32% rise in Q2 net profit

31 Oct 2018 Evaluate

Escorts has reported results for second quarter ended September 30, 2018.

The company has reported 32.47% rise in its net profit at Rs 102.74 crore for the quarter under review as compared to Rs 77.56 crore for the same quarter in the previous year. Total income of the company increased by 16.45% at Rs 1,420.48 crore for Q2FY19 as compared Rs 1,219.83 crore for the corresponding quarter previous year.

Escorts offer a comprehensive range of tractors with more than 45 variants starting from 25 to 80 HP. The company also manufactures and markets a diverse range of equipments like cranes, loaders, vibratory rollers and forklifts.

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