Escorts Results for Jun 2016 are out. The leading engineering conglomerates with presence across agri- machinery, construction, materials handling equipment etc. registered a 10% growth in vehicle sales for the quarter ended Jun 2016 with major hit from international sales which fell by 50%.
Mr. Rajan Nanda – Chairman of the company said: “The last quarter has shown a welcome upward trend in the market demand. The construction industry is showing signs of improvement and railways are on a healthy track.”
The company registered de-growth in Auto Ancillary business with revenues falling by a third to Rs. 20 crore with Construction equipment business witnessed a massive growth of 32% at Rs. 125 crore.
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