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Escorts reports rise of 10% in Q4 consolidated net profit

14 May 2020 Evaluate

Escorts has reported results for the fourth quarter and year ended March 31, 2020.

The Company has reported a rise of 15.70% in its net profit at Rs 140.40 crore for the quarter under review as compared to Rs 121.35 crore for the same quarter in the previous year. However, total income of the company decreased by 14.58% at Rs 1408.45 crore for Q4FY20 as compared Rs 1649.00 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 9.60% in its net profit for the period attributable to owners of the company at Rs 127.90 crore for the quarter under review as compared to Rs 116.70 crore for the same quarter in the previous year. However, total income of the company decreased by 15.15% at Rs 1415.95 crore for Q4FY20 as compared Rs 1668.72 crore for the corresponding quarter previous year.

For the year ended March 31, 2020, the company has reported a rise of 0.13% in its net profit at Rs 485.54 crore as compared to Rs 484.91 crore for the previous year. However, total income of the company decreased by 6.75% at Rs 5853.20 crore for year under review as compared to Rs 6277.21 crore for year ended March 31, 2019.

For the year ended March 31, 2020, on the consolidated basis, the company has reported a fall of 1.39% in its net profit for the period attributable to owners of the company at Rs 472.25 crore as compared to Rs 478.93 crore for the previous year. Total income of the company decreased by 7.03% at Rs 5907.69 crore for year under review as compared to Rs 6354.42 crore for year ended March 31, 2019.

Escorts Kubota Share Price

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