Several decades ago, even before partition,
Late WN Talwar, along with his brothers, owned the dealership of Studebaker cars in Peshawar (now in Pakistan). Post-independence in 1947, they decided to shift base, and moved to India to begin their journey from scratch.
With experience in the automobile industry, Talwar decided to start an auto components business, and set up a gasket manufacturing company in 1956 in collaboration with
UK-based Coopers Payen. He founded
Talbros Automotives Components Ltd to cater to the automobile sector, and set up the first manufacturing unit in
Faridabad,
Haryana.
At that time, little did he know that over a period of six decades, Talbros would become one of the leading suppliers of automobile parts in India, raking in
richardFebruary 10, 2021 9
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sagarFebruary 5, 2021 13
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Escorts rose 4.99% to Rs 1328.05 after the company s consolidated net profit jumped by 85.1% to Rs 286.71 crore on a 23.8% rise in revenue from operations to Rs 2,042.23 crore in Q3 FY21 over Q3 FY20.
Profit before tax in Q3 December 2020 stood at Rs 382.49 crore, up by 81.2% from Rs 211.12 crore in Q3 December 2019. Current tax outgo was higher by 71.2%, at Rs 97.37 crore in Q3 FY21 over Q3 FY20.
On a standalone basis, the company s net profit increased by 83.4% to Rs 280.7 crore on a 23.5% rise in revenue from operations to Rs 2,017.4 crore in Q3 FY21 over Q3 FY20.
Tractor volumes were up by 25.7% at 31,562 units in quarter ended December 2020 as against 25,109 units in the corresponding period last fiscal.