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Escorts Q4FY20 revenue declines by 16 per cent YoY

Nidhi Jani
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Escorts Q4FY20 revenue declines by 16 per cent YoY

Escorts, a leader in the agricultural machinery segment, have announced its financial result for the quarter ended March 31, 2020.

The consolidated revenue for the quarter Q4FY20 came in at Rs 1,385.65 crore as against Rs 1,649.08 crore in the corresponding quarter last year, registering 16 per cent YoY decline.

EBITDA for the quarter fell by 1.5 per cent YoY to Rs 182.07 crore as against Rs 184.91 crore in the corresponding quarter last year, with a corresponding margin expansion of 193 bps. EBITDA margin for the quarter stood at 13.1 per cent.

PAT for the quarter came in at Rs 127.73 crore as against Rs 116.42 crore in the corresponding quarter last year, with YoY increase of 9.7 per cent.

Looking at the full year numbers i.e. for FY20, the revenue slid by seven per cent YoY to Rs 5,810.09 crore while, EBITDA fell by nine per cent YoY to Rs 662.4 crore. Further, the company reported net profit of Rs 471.72 crore, down by one per cent YoY.

Under agri machinery products, the volume stood at 20,108 units, down by 20 per cent YoY. Under construction equipments, the volume stood at 986 units, down by 32.2 per cent YoY.

Under railway equipments, the revenue grew by 4.3 per cent YoY. Order book at the end of March 2020 stood at Rs 500 crore is likely to be executed in the next 12-15 months.

In today’s trading session, the stock has made an intraday high of Rs 807.45 and finally, settled for Rs 794 at the end of the day.

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