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Escorts: Strong volume growth across its three segments aid Q4 show

Growth and margin profile are expected to be strong in FY19 on rising rural demand, product mix and cost efficiencies

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Escorts  |  Tractors  |  Railways

Ram Prasad Sahu 

Volumes, price hike aid Escorts's Q3 performance

Helped by strong volume growth across its segments of tractors, and construction equipment, reported a 40 per cent year-on-year (y-o-y) jump in revenues for the March quarter (Q4). The performance, marginally lower than estimates, was led by the tractor segment, which accounts for three-quarters of the firm’s revenues and over 86 per cent of the segment’s profits.

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First Published: Fri, May 18 2018. 07:00 IST
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