- Wealth PMS
Escorts reported its third quarter performance in the month of February. The company closed Q3 with a Net Profit of Rs. 22.7 crore as the Net Income from Operations jumped to Rs. 1,093 crore.
Here is what the Chairman Rajan Nanda and Managing Director Nikhil Nanda had to say;
We are on a growth trajectory. Escorts today is prepared for a continued momentum and growth across sectors. Agricultural and highways focus in the union budget will also have a positive impact on farm income, rural economy and infrastructure development fostering further investments and opportunities.
Escorts today is a leaner company with smart, integrated & efficient processes and infusing cost optimization across the board. Strategic focus on investments in expanding our product portfolio, appointing new dealers for an expanded coverage and wider service reach have resulted in better customer connect and demand. We will continue to innovate, add new product features and achieve cost efficiencies.
Escorts reported sales of 4,247 units in February, 2017 against 3,280 units during the same time last year resulting in a growth of 29.5%.
Note: Sales numbers presented here are manufacturer reported sales numbers i.e. factory dispatches to dealerships. They are NOT retail sales figures to end customers.
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