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Escorts Group News

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.

Escorts Limited Launches FT-60 X-TRA Torque in Punjab and Haryana

An upgraded version of the Escorts FT-60 variant, the new model best suited for specialized applications offers higher power, improved breaking system and power steering

Escorts Launches Backhoe Loaders

Escorts Construction Equipment Limited (ECEL), the Construction Equipment and Material Handling Equipment manufacturing arm of Escorts Limited, today announced the launch of its backhoe loader - DIG MAX, a best-in-class 76HP, 8 tonne operating weight backhoe loader with an array of superior features especially designed for Indian conditions.

Escorts Sets New Milestone, Crosses 11 Lakh Unit Mark

Escorts Limited, India’s leading tractor manufacturer, which is celebrating its 65 glorious years of existence, is on a roll. The company recently crossed the 11 lakh unit mark in tractor sales. This significant milestone is a reflection of Escorts commitment to provide customer-focused solutions, sound engineering and technological excellence.

Escorts Quarter Sales up 21.2% at 600.22 Crore Net Profit at 23.40 Crore

Escorts Limited has registered a 21.2% increase in sales in the first quarter of fiscal 2009-10 ending December 31, 2009. Net Sales for the quarter rose to Rs.600.22 crore as against Rs. 495.26 crore in corresponding period. Escorts Limited turned in a net profit of Rs 23.40 crore for the quarter against a loss of Rs 0.34 crore in the corresponding period. The company sold 13,561 tractors in the quarter as against 10,135 nos.

Escorts FY09 net profit at Rs. 89.74 Crore

Escorts Limited today reported a Net Profit of Rs.89.74 crore for the financial year 2008-09 ending September 30, 2009, an eight fold increase in profit from the Rs 11.87 crore registered for the last financial year of 2007-08. Net Sales grew 8% to Rs 2157.78 crore as against Rs 1992.93 crore registered in last fiscal. Escorts Limited follows an October-September fiscal year.

Escorts has Signed a Memorandum of Understanding (MoU) with IFFCO, a Multi-state Co-operative Society, which will Work Towards Empowering farmers with

Escorts Limited today reported a Net Profit of Rs.89.74 crore for the financial year 2008-09 ending September 30, 2009, an eight fold increase in profit from the Rs 11.87 crore registered for the last financial year of 2007-08. Net Sales grew 8% to Rs 2157.78 crore as against Rs 1992.93 crore registered in last fiscal. Escorts Limited follows an October-September fiscal year.

About Escorts Construction Equipment Limited (ECEL)

Escorts Construction Equipment Ltd. (ECEL), a subsidiary of Escorts Limited, is India’s leading material handling and construction equipment company. ECEL has defined the evolution of India’s Earthmoving and Construction Equipment (ECE) space over the past 37 years.

Escorts consolidates its position in the construction equipment space, launches three new products for the Indian market

Escorts Construction Equipment Limited (ECEL), the Construction Equipment and Material Handling Equipment manufacturing arm of Escorts Limited, today launched three new products in the construction equipment space. The company recently signed a distribution agreement with M/S Manitou BF, SA Corporation of France for its Maniscopic range of telescopic handlers and range of access platforms.

Escorts Limited appoints O.K. Balraj as Group Chief Financial Officer

Escorts Limited today appointed O.K. Balraj as Group Chief Financial Officer.

Escorts Construction Equipment Ltd. ties up with Zoomlion, China

Escorts Construction Equipment Limited (ECEL), the Construction Equipment and Material Handling Equipment manufacturing arm of Escorts, has signed an agreement with, Hunan Zoomlion International Trade Co. Ltd., China, the world’s top 10 mobile crane manufacturer and part of the US $ 4 Billion Zoomlion Group, for marketing a wide range of Truck cranes and All-Terrain truck cranes in India.

Escorts Limited flags off ‘Jai Kisan Utsav’, a pan-India Initiative for the Indian Farming Community

Escorts Limited, India’s leading tractor manufacturer, today flagged off ‘Jai Kisan Utsav’, a first-of-its-kind, customer-focused initiative for the Indian farming community. The two-month long initiative from Escorts offers host of benefits, ranging from insurance schemes, exchange programs, free service camps to special discounts, to farmers across the country.

For the Editor

Escorts Limited pioneered farm mechanization in the country by launching Escorts Agricultural Machines Limited in 1948, with a franchise of the U.S.-based Minneapolis Moline, for marketing tractors, implements, engines & other farm equipments. In 1960, the company set up the strategic Agri Machinery Group (AMG) to venture into production and marketing of tractors and rolled out its first batch of tractors in 1965 under the ‘Escorts’ brand name. In 1969, a separate company, Escorts Tractors Ltd.

Escorts Q3 net profit surges by 139% to Rs. 22 Crore

Escorts Limited today reported a Net Profit of Rs.22 crore for the third quarter of the fiscal ending June 30, 2009, a 139% increase over Rs 9 crore registered for the corresponding period of last fiscal. Quarter sales grew 10% to Rs 582 crore as against Rs. 527 crore registered in corresponding period in last fiscal. Escorts Limited follows an October-September fiscal year.

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