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Escorts posts nearly two-fold jump in Q1 net profit at Rs 178 45 cr

Escorts posts nearly two-fold jump in Q1 net profit at Rs 178 45 cr
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Covid hit in the hinterland threatens to spoil it for Jhunjhunwala s top agri bet

Covid hit in the hinterland threatens to spoil it for Jhunjhunwala’s top agri bet SECTIONS Share Synopsis If good monsoon predictions could have added buoyancy to the stocks linked to the rural sector and agriculture, Covid 2.0 is playing spoiler. ETMarkets.com Ace investor Rakesh Jhunjhunwala held 6,400,000 shares, or 4.8%, stake in the company as of March end. INSIGHTS NSE Explore Now NEW DELHI: The second wave of Covid-19 pandemic is hitting India’s hinterland very hard, not something seen during the first wave. That has altered the equations for Dalal Street. So, if good monsoon predictions could have added buoyancy to the stocks linked to the rural sector and agriculture, Covid 2.0 is playing spoiler.

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Escorts Q4 net profit jumps two-fold to Rs 285 41 crore on robust sales

Farm equipment and engineering major Escorts Ltd on Friday reported over two-fold jump in consolidated net profit to Rs 285.41 crore in the fourth quarter ended March 2021, mainly driven by robust sales. The company had posted a consolidated net profit of Rs 127.73 crore in the same period previous fiscal, Escorts Ltd said in a regulatory filing. Its consolidated revenue from operations during the period under review stood at Rs 2,228.75 crore as against Rs 1,385.65 crore a year ago, it added. Tractor sales were up by 62.1 per cent at 32,588 units during the fourth quarter, Escorts said. For the fiscal ended March 31, Escorts Ltd said its consolidated net profit was at Rs 871.63 crore as compared to Rs 471.72 crore in FY20, a growth of 85 per cent.

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Escorts Q3 results: Net profit up 83% to Rs 281 crore

Escorts Q3 results: Net profit up 83% to Rs 281 crore SECTIONS Last Updated: Feb 02, 2021, 04:36 PM IST Share Synopsis Revenue from operations rose to Rs 2,017.4 crore during the period under review as compared with Rs 1,633.4 crore in the corresponding period last year, Escorts Ltd said in a statement. Getty Images Related NSE Farm equipment and engineering major Escorts Ltd on Tuesday posted 83.4 per cent increase in its net profit at Rs 280.7 crore for the third quarter ended December 31, 2020, riding on the back of robust sales across business segments. The company had reported a net profit of Rs 153.1 crore during the October-December period of the previous fiscal.

Nikhil nandaEscorts ltdLtd chairmanManaging director nikhil nandaநிகில் நந்தாஎஸ்கார்ட்ஸ் லிமிடெட்லிமிடெட் தலைவர்நிர்வகித்தல் இயக்குனர் நிகில் நந்தா