Escorts Ltd. Q4 reports standalone profit up by 15.7 per cent
Escorts Limited, an Indian multinational conglomerate and automotive engineering company, announced that the profit for quarter ended on March 2020 showed an increase in the consolidated profits of around 10 per cent.
Escorts Limited, an Indian multinational conglomerate and automotive engineering company, announced that the profit for quarter ended on March 2020 showed an increase in the consolidated profits of around 10 per cent. The railway equipment business of the company has shown promising growth in the last fiscal.
The company’s standalone profit of Rs 485.5 crore in year ended March 31, 2020. as against a profit of Rs 484.9 crore in the previous fiscal and consolidated profit of Rs 471.7 crore in year ended March 31, 2020 as against a profit of Rs 477.9 crore in the previous fiscal. Profit for quarter ended March 2020 was up by 15.7 percent at Rs 140.4 crore as against Rs 121.4 crore in the corresponding quarter last year.
