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Escorts Limited
Sector:Automobiles Automobiles - Tractors
Market Lot: 1Face Value: 10ISIN Demat: INE042A01014
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Business Profile
Escorts (ESCORTS), formed in 1944, manufactures farm equipment, automotive components, railway ancillaries, construction machinery, shock absorbers and telecom equipment.

Escorts is one of the country`s biggest tractor makers. It has a joint venture with Long Manufacturing of North Carolina for the manufacture, assembly and sale of tractors. EL has an exclusive distributorship agreement with Traksan for the sale of the company`s Farmtrac-60 tractors in Turkey. The Escorts group is investing Rs 3,000 million in the agri-machinery business. Of this, Rs 2,000 million will be invested in the tractor plant in Pune. It has set up a joint venture with the Carraro group of Italy.

In the year 1996, is subsidiary Escorts Tractors formally merged with the company. The subsidiary manufactures several brands of tractors; viz. Escort, Farmtrac and Powertrac, Paddy Transplanters, Sugarcane Harvesters, transmissions and axles, shock absorbers, telescopic front, forks and McPherson struts, railway equipments.

The company plans to launch a new tractor every six months to expand its portfolio.

The company announced rise of 52.33% in standalone net profit on y-o-y basis to Rs 1.40 billion, while total income climbed 38.43% y-o-y basis to Rs 16.79 billion for the quarter ended December 2018.

Recent Developments
Escorts Agri Machinery Segment (EAM) in January 2019 sold 5,991 tractors registering a growth of 12.7 percent against 5,316 tractors sold in January 2018.

Escorts Agri Machinery Segment (EAM) in October 2018 sold 13,140 tractors registering a growth of 28.8 percent against 10,205 tractors sold in October 2017.

Escorts, India's leading engineering conglomerate and Tadano Group, Japan's biggest and world's leading mobile crane manufacturer, today announced their joint venture to manufacture rough terrain cranes and truck mounted cranes.

Escorts Agri Machinery Segment sold 5,610 tractors in July 2018 compared to 5,418 tractors in July 2017, recording a growth of 3.5%.

Escorts Agri Machinery Segment (EAM) in June 2018 sold 9,983 tractors registering a growth of 72.8% against 5,776 tractors sold in June 2017.

Escorts Agri Machinery Segment (EAM) in May 2018 sold 8,325 tractors registering a growth of 20.9 percent against 6,886 tractors sold in May 2017.

Escorts, India's leading engineering conglomerate today launched India???s first Electric & Hydrostatic concept tractor and an expanded global portfolio of tractors for the export and domestic market in 22HP to 90 HP

Escorts disclosed a substantial rise in standalone net profit for the quarter ended June 2017. During the quarter, the profit of the company rose 33.40% to Rs 626.44 million from Rs 469.58 million in the same quarter last year.

In Brief

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