Escorts re-rating hinges on tractor volume recovery, tie-up with Kobuta

The company isThe company is banking on pent up demand to reflect in June-October period banking on pent up demand to reflect in June-October period

Despite a drop in volumes across key segments, Escorts reported better-than-expected numbers in the March quarter (Q4). 

Even as volumes in the tractor segment — which account for three -quarters of revenues — were down 20 per cent over the year-ago period, higher realisations in the segment helped restrict the fall in revenues to 15 per cent. 

The volume fall in the construction equipment business, which accounts for 15 per cent of revenues, was a steeper 32 per cent.

The firm indicated that better product mix,