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Escorts Limited Appoints S.Sridhar as Chief Executive Officer of Agri Machinery Group

New Delhi, October 10, 2011: Escorts Limited today announced the appointment of S. Sridhar as the Chief Executive Officer of Agri Machinery Business. S. Sridhar brings to the Agri Machinery Group 26 years of experience in Engineering, Automotive Industry and Manufacturing. An Agriculture Engineer, Sridhar's domain experience will be important for driving the Group's strategic thrust in expansion of markets, diversification of product portfolio and creation and leadership in new categories. Mr. R

Escorts Limited Signs Exclusive Agreement with European firm for Disc Brake System for Railway Coaches

Escorts Limited, a leading manufacturer of critical railway components since the last over 40 years, has signed an exclusive agreement for the supply of disc brake system for railway coaches with DAKO-CZ a.s. of Czech Republic, a world renowned company in railway braking equipment systems. Through this partnership, Escorts will be able to offer cutting edge technology and world-class disc braking systems for LHB design ‘High Speed Passenger Coaches’ of the Indian Railways.

Escorts Second Quarter net Profit to 73.2 Crore

Construction equipment business shows half yearly net sales of 380.8 crore ending March 2011 as against full year sales of 575 crore in FY2010

CNBC Awaaz interviews CMD Mr. Rajan Nanda on Q3 results Escorts Knowledge Management Center wins the the Greentech Gold Award

Escorts Ltd. unveiled its 'Jai Kisan Series' of tractors in Punjab, Haryana, Rajasthan and Uttar Pradesh. The new 'Escorts Jai Kisan Series' is a path breaking initiative that recognizes the new market order for varied needs of the Indian farmer, changing tractor uses for specialized applications and usage of modern and heavy-duty implements & attachments, thereby offering wider options for agricultural, infrastructure as well as specialized applications for land development activities.

Escorts First Quarter net Profit at 25.4 Crore

Escorts Limited today reported a Net Profit of 25.4 crore for the first quarter of the 2010-11 financial year ending December 31, 2010, registering an increase of 9 per cent from 23.4 crore for the corresponding quarter last fiscal. The company’s Profit Before Tax (PBT) stood at 30.7 crore. Net Sales grew by 38% to 827.7 crore as against 600.2 crore registered in the corresponding quarter.

Escorts Signs MoU woth IFFCO

Escorts has signed a Memorandum of Understanding (MoU) with IFFCO, a multi-state Co-operative Society, which will work towards empowering farmers with agriculture equipments further helping enhance agri productivity leading to overall economic development of the country.

Escorts FY10 net Profit up 53 % At 137.5 Crore

Escorts Limited today reported a Net Profit of Rs.137.5 crore for the financial year 2009-10 ending September 30, 2010, registering an increase of 53.3 per cent from Rs.89.7 crore for the financial year of 2008-09. The company increased its Profit Before Tax (PBT) by 69.3% Year on Year (YoY) to Rs.188 crore from Rs.111 crore. Net Sales grew 27% to Rs.2745.7 crore as against Rs.2157.7 crore registered in the last fiscal.

Escorts Limited Joins Hands with the Government of the United Republic of Tanzania

Escorts Limited, India's leading tractor manufacturer, today delivered the first batch of 100 tractors to the Government of the United Republic of Tanzania under the national "Food Sufficiency Program" aimed towards imparting a major thrust to farm mechanization and enhance agricultural productivity thereby making Tanzania a food surplus country. Escorts has been chosen to supply 2000 units of its premium range of powerful Farmtrac tractors to Tanzania over a period of 5 months.

Escorts conferred 'Industry Leadership Award' at the Agriculture Leadership Summit 2010

Escorts Limited, India's leading tractor manufacturer, was honoured with the 'Industry Leadership Award' at the Agriculture Leadership Summit 2010. Organized by the magazine 'Agriculture Today', the award is recognition of Escorts' outstanding contribution in the field of agriculture. Escorts Limited was chosen by the National Awards Committee of Agriculture Leadership Awards headed by A R Kidwai, former Governor of Haryana and Prof M S Swaminathan, eminent agriculture scientist.

Escorts Limited consolidates its market in Uttar Pradesh

Escorts Limited, India's leading tractor manufacturer, is upbeat about its sales in the market of Uttar Pradesh. The company registered a growth of 22% in tractor deliveries for the quarter ended June 30, 2010 as compared to the corresponding quarter last year. The turnaround has been made possible with the launch of a new tractor variant Powertrac 429 (PT429), customer support programmes, increasing points of sale, revamping dealer distribution network and customer focused initiatives.

Escorts signs MoU woth IFFCO

Escorts has signed a Memorandum of Understanding (MoU) with IFFCO, a multi-state Co-operative Society, which will work towards empowering farmers with agriculture equipments further helping enhance agri productivity leading to overall economic development of the country.

Escorts Q3 net Profit up 106% to Rs45.84 Crore

Escorts Limited today reported a profit of Rs. 45.84 crore for the quarter ended June 30, 2010, a 106 per cent increase over Rs 22.2 crore registered for the corresponding period of last fiscal. The Profit Before Tax (PBT) stands at Rs.68.4 crore for the quarter, as against a profit of Rs.41.4 crore in the corresponding period. Net sales rose to Rs 806 crore, a 38.5 per cent increase from Rs.582 crore in the previous year. EBITDA before exceptional items went up by 24 per cent from Rs 63.1 crore

Escorts wins Indian Tractor Industry’s Largest ever order, Awarded US$40 Million Order by Tanzania

Escorts Limited, India’s leading tractor manufacturer, today set a new benchmark by winning Indian tractor industry’s largest ever order for tractors. Valued at US $ 40 million (about Rs. 185 Cr) the prestigious order has been awarded to Escorts by the Government of the United Republic of Tanzania.

Escorts Half Year net Profit up 767% to Rs 64.87 Crore

Escorts Limited today reported a higher profit of Rs. 64.87 crore for the half year ended March 31, 2010, a 767% increase over Rs 7.48 crore registered for the corresponding period of last fiscal. The Profit Before Tax (PBT) stood at Rs. 87.14 crore for the half year, as against a profit of Rs.16.46 crore in the corresponding period. Total half yearly sales and income from operations rose to Rs. 1272 crore from Rs. 977 crore in the previous year.

Global Tractor Major eyes Morocco for its high-end Premium Tractor Range Escorts Limited, a $600mn Enterprise, Launches Farmtrac

Escorts Limited, India’s leading tractor manufacturer, today announced its foray into Morocco by launching its high-end premium tractor range - FARMTRAC. The company unveiled its four-cylinder offerings FARMTRAC 80 and FARMTRAC 80DT, at SIAM (the 5th International Agricultural Fair) being held in Meknes, Morocco.

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