Escorts Q3FY19 tractor sales show growth of 36 per cent
Escorts Ltd. reported its results for the quarter ended December 31, 2018 after market hours yesterday . The standalone numbers were largely positive with strong top line growth and stable sales volume.
Escorts standalone revenue for Q3FY19 came in at Rs. 1655.06 crore as against Rs. 1205.03 crore for the same period last fiscal , registering 37.3 per cent yoy increase. EBITDA for the quarter rose by 38.2 per cent yoy to Rs. 200.47 crore from Rs. 145.03 crore for same quarter last fiscal, with a corresponding margin expansion of 8 bps. EBITDA margin for the quarter stood at 12.1 per cent . The net profit for the quarter came in at Rs. 140.11 crore as compared to Rs. 91.98 crore, an increase of 52.3 per cent yoy . The PAT margin stood at 8.46 per cent, which saw margin expansion of 83 bps.
The tractor volumes were up by 36 per cent to reach the level of 25,743 units. The construction equipment business sold 1,413 units, up by 30 per cent over the same period last year.
On Tuesday, at 10.25 am the stock traded at Rs. 636.35, down by almost 6 per cent on the BSE.