Q4FY21 Result Update - Escorts - ICICI Direct

Escorts reported a steady operational performance in Q4FY21. Total operating income was at Rs. 2,211 crore, up 60.1% YoY. Within its segments, gross revenue from tractors was at Rs. 1,739 crore (volumes up 62.1% YoY to 32,588 units, ASPs up 1.9% QoQ to Rs. 5.33 lakh/unit). Gross revenue from construction equipment (CE) grew 53.3% YoY to Rs. 322 crore while railway equipment division (RED) posted revenue growth of 35.6% YoY to Rs. 146 crore. EBITDA margins at 15.6% were down 245 bps QoQ amid gross margin deterioration of 280 bps. Tractor division EBIT margins fell 310 bps on to 17%. Consequent standalone PAT came in at Rs. 266 crore, up 89.6% YoY. Escorts declared a dividend of Rs. 7.5/share for FY21.

For details, click on the link below: Link to the report

Shares of ESCORTS LTD. was last trading in BSE at Rs.1141.4 as compared to the previous close of Rs. 1164.75. The total number of shares traded during the day was 186318 in over 11944 trades.

The stock hit an intraday high of Rs. 1171.15 and intraday low of 1113.05. The net turnover during the day was Rs. 210757684.

Source : Equity Bulls

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