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Escorts - First Cut - Microsec
Posted On : 2014-02-23 19:42:18( TIMEZONE : IST )
Escorts Limited announced its results on 27th January 2014. The company's Net sales increased by 22.81% and 12.78% on QoQ and YoY basis respectively. EBITDA increased by 34.01% on YoY basis. EBITDA Margin of the company increased from 5.15% to 6.12% on YoY basis. PAT increased by 4.42% and 62% on QoQ and YoY basis respectively.
Increase in volumes, better product mix, product enrichment and cost savings across all verticals have been the pillars of success for the last 15 months. Escorts is strengthening its product portfolio to meet the aspirations of its customer base with higher dependency on mechanisation and technology.
Escorts Limited has extended its financial year by 6 months i.e. up to 31st March 2014 as approved by the Board of Directors in their meeting held on 2nd October 2013. The results reported are for 15 months ended 31st December 2013.
