/ Escorts Q4FY17 Standalone Net Profit Rises 149.6% Yoy ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 29 May 2017

Escorts Limited standalone revenue for the quarter came in at Rs. 1022.31 crore, registering 29.7% yoy increase. This was primarily driven by 28% yoy increase in revenues from agri machinery products.

EBITDA for the quarter rose by 236.4% yoy to Rs. 191.1 crore with a corresponding margin expansion of 1149 bps. EBITDA margin for the quarter stood at 18.7%. This margin expansion was aided by favourable movements in inventories.

The PAT for the quarter came in at Rs. 55.4 crore, yoy increase of 149.6%.

Looking at the full year numbers, we see that revenue jumped by 22% to reach Rs.4093.3 crore while EBITDA rose by 65% to 386.9 crore.

Company reported net profit of Rs.200.1 crore, up 96% yoy. Company has recommended dividend of Rs.1.5 per equity share of Rs.10

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