Net profit of Escorts rose 0.23% to Rs 101.74 crore in the quarter ended September 2019 as against Rs 101.51 crore during the previous quarter ended September 2018. Sales declined 5.57% to Rs 1333.77 crore in the quarter ended September 2019 as against Rs 1412.51 crore during the previous quarter ended September 2018.

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Net profit of Escorts rose 1.81% to Rs 104.60 crore in the quarter ended September 2019 as against Rs 102.74 crore during the previous quarter ended September 2018. Sales declined 5.33% to Rs 1323.86 crore in the quarter ended September 2019 as against Rs 1398.36 crore during the previous quarter ended September 2018.

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The Board of Escorts at its meeting held on 02 November 2019 has accepted the resignation of Ajay Sharma, Group General Counsel & Company Secretary and Compliance Officer with effect from 30 November 2019. The Board approved the appointment of Satyendra Chauhan, Chief General Manager as the Compliance Officer w.e.f. 01 December 2019.

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Sequentially, total tractor sales rose 23.01% in October 2019 compared with 10,855 units in September 2019.

Domestic tractor sales grew 1.3% to 13,034 units in October 2019 as against 12,867 units in October 2018. Total tractor exports surged 16.8% in October 2019 to 319 tractors as against 273 tractors sold in October 2018.

Meanwhile, S&P BSE Sensex was up 88.23 points or 0.22% at 40,217.28. The S&P BSE Auto index was 0.25% at 18,992.22.

Escorts is an engineering company, which offers agricultural tractors and construction equipment. The automobile firm's segments include agri machinery, auto ancillary products, railway equipment, construction equipments and others.

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