Escorts will hold a meeting of the Board of Directors of the Company on 29 January 2020.

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Escorts Agri Machinery Segment (EAM) in December 2019 sold 4,114 tractors against 4,598 tractors sold in December 2018, recording a decline of 10.5%.

Domestic tractor sales in December 2019 were at 3,806 tractors against 4,212 tractors in December 2018. Exports for the month of December 2019 stood at 308 tractors against 386 tractors sold in December 2018.

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Sequentially, total tractor sales slumped 46.17% last month from 7,642 units in November 2019.

Domestic tractor sales fell 9.6% to 3,806 units in December 2019 as against 4,212 units in December 2018. Total tractor exports tumbled 20.2% to 308 tractors in December 2019 as against 386 units in December 2018.

On consolidated basis, Escorts' net profit rose 7.7% to Rs 109.34 crore on a 5.6% decline in net sales to Rs 1,333.77 crore in Q2 September 2019 over Q2 September 2018.

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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Escorts has received reaffirmation in credit ratings from CRISIL as under -

Long term rating - CRISIL AA- with Stable outlook
Short term rating - CRISIL A1+
Commercial paper rating - CRISIL A1+

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