Escorts Limited today reported a profit of Rs. 153.1 crore in the quarter ending December 31, 2019 up by 9.2 percent as against a profit of Rs. 140.1 crore in the corresponding period last fiscal. Revenue from operations at Rs. 1,633.4 crore in quarter ended December 2019 as against Rs. 1,655.1 crore in the corresponding period last fiscal.
Net profit for the nine months ending December 2019 at Rs. 345.1 as against a profit of Rs. 363.6 crore in the corresponding period last fiscal. Revenue from operations at Rs. 4,380.3 crore in nine months ended December 2019 as against Rs. 4,564.7 crore in the corresponding period last fiscal.
Speaking on the results, Chairman and managing Director Mr. Nikhil Nanda said, "We are continuing our journey of providing unique and innovative technology solutions for maximizing agriculture yield, bring in efficiency in the construction equipment space and make rail transport safer. Our investment in new product development, R&D and wider distribution is in line with the enhanced customer experience that we commit to offer to create value for our customers across domestic and export geographies. As the nation is inching towards a new budget focus, we are sure with enhanced central focus on agriculture and infrastructure, we will be able to play a larger role in national growth and development."
Shares of ESCORTS LTD. was last trading in BSE at Rs.732.35 as compared to the previous close of Rs. 734.3. The total number of shares traded during the day was 83135 in over 1936 trades.
The stock hit an intraday high of Rs. 744.65 and intraday low of 720.3. The net turnover during the day was Rs. 60894273.