Escorts trades jubilantly on reporting stellar Q1 numbers

Escorts is currently trading at Rs. 62.95, up by 3.80 points or 6.42% from its previous closing of Rs. 59.15 on the BSE.

The scrip opened at Rs. 61.50 and has touched a high and low of Rs. 63.90 and Rs. 60.60 respectively. So far 489436 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 93.30 on 17-Feb-2012 and a 52 week low of Rs. 55.45 on 27-Jul-2012.

Last one week high and low of the scrip stood at Rs. 63.90 and Rs. 57.55 respectively. The current market cap of the company is Rs. 659.58 crore.

The promoters holding in the company stood at 32.52% while Institutions and Non-Institutions held 24.50% and 42.98% respectively. 

Escorts has reported results for first quarter ended June 30, 2012.

The company has reported a growth of 103.40% in its net profit at Rs 26.89 crore for the quarter under review as compared to Rs 13.22 crore for the same quarter in the previous year. The total income from operation of the company has increased by 17.22% at Rs 862.36 crore for Q1FY13 as compared Rs 735.66 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. It also manufactures and markets a diverse range of equipments like cranes, loaders, vibratory rollers and forklifts.