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Escorts profit grows

Escorts reported a profit of Rs 22.7 crore in the quarter ending December 31, 2016, up by 11.2 per cent as against a profit of Rs 20.4 crore in the corresponding quarter in the previous fiscal. The profit reported is after one time loss from discontinued operations in respect of its Auto Products business of Rs 30.8 crore.

Escorts profits grow

Escorts Ltd reported a profit of Rs 22.7 crore in the quarter ending December 31, 2016, up by 11.2 per cent as against a profit of Rs 20.4 crore in the corresponding quarter in the previous fiscal. The profit reported is after one time loss from discontinued operations in respect of its Auto Products business of Rs 30.8 crore. The net profit for the nine months ending December 2016 was up by 54.4 percent at Rs 101 crore as against Rs 65.4 crore in the corresponding period last year.

Escorts Ltd divests auto products business

Escorts Ltd announced the divestment of its OEM and export business of auto product division to Badve Engineering Ltd

Escorts Ltd divests auto products business

Escorts Ltd announced the divestment of its OEM and export business of auto product division to Badve Engineering Ltd, Pune in an all cash deal as a part of the planned strategic reorientation of the business to focus on core verticals in the agri machinery, construction equipment and railway equipment.

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