Escorts reports 33% jump in Q1 net profit

Escorts has reported results for first quarter ended June 30, 2016.

The company has reported 33.47% rise in its net profit at Rs 46.96 crore for the quarter ended June 30, 2016 as compared to Rs 35.18 crore for the same quarter in the previous year. The company’s total income increased by 9.10% to Rs 1061.84 crore for the quarter under review from Rs 973.24 crore for the corresponding quarter of the 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.