Escorts' Agri Machinery Segment (EAM) sold a total of 6,594 tractors in May 2020, a decline of 3.4% as against 6,827 tractors sold in May 2019.
The company's domestic tractor sales in May 2020 stood at 6,454 tractors, registering a minor decline of 0.5% as against 6,488 units in May 2019. Exports in May 2020 stood at 140 tractors as against 339 tractors sold in May 2019, down 58.7% YoY.Shares of Escorts were up 2.39% at Rs 925.65 on BSE, rising for fourth consecutive trading session. The stock has surged 6.5% in four days from its previous closing low of Rs 869.15 posted on 26 May 2020.
Escorts reported 9.71% rise in consolidated net profit to Rs 127.73 crore on a 15.97% fall in net sales to Rs 1385.65 crore in Q4 March 2020 over Q4 March 2019
The Escorts Group is an Indian engineering company that operates in the sectors of agri-machinery, construction and material handling equipment, and railway equipment.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app