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Escorts catches speed on reporing 85% rise in Q3 consolidated net profit

03 Feb 2021 Evaluate

Escorts is currently trading at Rs. 1410.50, up by 80.10 points or 6.02% from its previous closing of Rs. 1330.40 on the BSE.

The scrip opened at Rs. 1346.00 and has touched a high and low of Rs. 1411.70 and Rs. 1308.00 respectively. So far 125358 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1452.85 on 04-Dec-2020 and a 52 week low of Rs. 527.10 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1411.70 and Rs. 1185.65 respectively. The current market cap of the company is Rs. 18702.90 crore.

The promoters holding in the company stood at 36.59%, while Institutions and Non-Institutions held 30.92% and 32.49% respectively.

Escorts has reported 83.37% rise in its net profit of Rs 280.65 crore for the quarter ended December 31, 2020 as compared to net profit of Rs 153.05 crore for the same quarter in the previous year. Total income of the company increased by 24.36% at Rs 2064.65 crore for Q3FY21 as compared Rs 1660.17 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 85.13% rise in its net profit attributable to owners at Rs 286.71 crore for the quarter ended December 31, 2020 as compared to net profit at Rs 154.87 crore for the same quarter in the previous year. Total income of the company increased by 24.60% at Rs 2090.93 crore for Q3FY21 as compared Rs 1678.15 crore for the corresponding quarter previous year.

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