Escorts has reported results for fourth quarter and year ended March 31, 2021.
The company has reported a rise of 93.26% in its net profit at Rs 271.34 crore for the quarter under review as compared to Rs 140.40 crore for the same quarter in the previous year. Total income of the company increased by 59.78% at Rs 2250.47 crore for Q4FY21 as compared Rs 1408.45 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 2- fold jump in its net profit attributed to the owners at Rs 265.42 crore for the quarter under review as compared to Rs 127.90 crore for the same quarter in the previous year. Total income of the company increased by 60.36% at Rs 2270.65 crore for Q4FY21 as compared Rs 1415.95 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported a rise of 80.02% in its net profit at Rs 874.08 crore as compared to Rs 485.54 crore for the previous year. Total income of the company increased by 21.03% at Rs 7083.85 crore for year under review as compared to Rs 5853.20 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the company has reported a rise of 84.53% in its net profit attributed to the owners at Rs 871.46 crore as compared to Rs 472.25 crore for the previous year. Total income of the company increased by 21.45% at Rs 7174.80 crore for year under review as compared to Rs 5907.69 crore for year ended March 31, 2020.
