Net profit of Escorts rose 7.83% to Rs 121.35 crore in the quarter ended March 2019 as against Rs 112.54 crore during the previous quarter ended March 2018. Sales rose 13.62% to Rs 1631.66 crore in the quarter ended March 2019 as against Rs 1436.10 crore during the previous quarter ended March 2018.

For the full year,net profit rose 40.31% to Rs 483.68 crore in the year ended March 2019 as against Rs 344.72 crore during the previous year ended March 2018. Sales rose 24.05% to Rs 6196.36 crore in the year ended March 2019 as against Rs 4995.12 crore during the previous year ended March 2018.

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Escorts announced that the Board of Directors of the Company at its meeting held on 07 May 2019, has recommended a Final dividend of Rs.2.5 per share (i.e.25%), subject to the approval of the shareholders.

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Escorts will hold a meeting of the Board of Directors of the Company on 7 May 2019.

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Escorts Agri Machinery Segment (EAM) in February 2019 sold 7,240 tractors registering a growth of 12% against 6,462 tractors sold in February 2018.

Domestic tractor sales in February 2019 stood at 6,918 tractors registering a growth of 9.9% against 6,295 tractors in February 2018.

Export for the month of February 2019 were 322 tractors registering a growth of 92.8% as against 167 tractors sold in February 2018.

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