Companies

Escorts net up on strong volumes

Our Bureau Mumbai | Updated on March 12, 2018 Published on August 13, 2013

Engineering company Escorts Ltd’s net profit more than tripled to Rs 58.3 crore in the third quarter ended June 30, compared with Rs 18.5 crore recorded during the same period a year ago.

The company, which follows the October-September fiscal, posted a 16.2 per cent rise in net sales Rs 1,172.9 crore (from Rs 1,009.1 crore) during the same quarter a year ago.

“The rise is due to increase in volumes, better product mix and better price realisation along with cost saving across all verticals,” said Joint Managing Director Nikhil Nanda.

Published on August 13, 2013
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