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Escorts Ltd reports consolidated PAT of Rs. 265.42 crores in Q4 FY2020-21

Posted On: 2021-05-14 09:46:41 (Time Zone: UTC)


ESCORTS LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.2270.65 crores during the period ended March 31, 2021 as compared to Rs.2090.83 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.265.42 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.286.71 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.26.96 for the period ended March 31, 2021 as compared to Rs.29.17 for the period ended December 31, 2020.

FinancialsQ4 FY20-21Q3 FY20-21% Change
Total Income₹ 2270.65 crs₹ 2090.83 crsUp Tick 8.6%
Net Profit₹ 265.42 crs₹ 286.71 crsDown Tick -7.43%
EPS₹ 26.96₹ 29.17Down Tick -7.58%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.2270.65 crores during the period ended March 31, 2021 as compared to Rs.1415.95 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.265.42 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.127.90 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.26.96 for the period ended March 31, 2021 as compared to Rs.14.91 for the period ended March 31, 2020.

FinancialsQ4 FY20-21Q4 FY19-20% Change
Total Income₹ 2270.65 crs₹ 1415.95 crsUp Tick 60.36%
Net Profit₹ 265.42 crs₹ 127.90 crsUp Tick 107.52%
EPS₹ 26.96₹ 14.91Up Tick 80.82%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.7174.80 crores during the 12 months period ended March 31, 2021 as compared to Rs.5907.69 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.871.46 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.472.25 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.91.96 for the 12 months period ended March 31, 2021 as compared to Rs.55.04 for the 12 months period ended March 31, 2020.

FinancialsYear Ended FY20-21Year Ended FY19-20% Change
Total Income₹ 7174.80 crs₹ 5907.69 crsUp Tick 21.45%
Net Profit₹ 871.46 crs₹ 472.25 crsUp Tick 84.53%
EPS₹ 91.96₹55.04Up Tick 67.08%

Speaking on the results, Chairman and Managing Director Mr. Nikhil Nanda said, "The entire country is under a severe impact of second wave of pandemic. This time it has impacted the rural geographies as well affecting our core customer base. Escorts topmost priority at this time is safety and well-being of our customers, dealers, suppliers and our employees. We are taking all possible measures to support all our stakeholders to sail through these challenging times. Escorts, and the sectors we operate in, proved their resilience during the first wave. We are sure we will overcome this wave too with collective strength and safeguards.

Agri machinery industry remained buoyant in Q4 of FY21 owing to positive macro-economic factors and pent-up demand from first and second quarters of the year. Escorts did well in this space by registering higher share of market in Q4 than our average market share of the year. While currently the demand is subdued and various state lockdowns are impacting supply chain, we believe this is a temporary phase which shall soon be over. Following all government guidelines, we are making all efforts to ensure that farming communities are well served in the upcoming sowing season.

While we witnessed some positive developments in the construction equipment & railway equipment space too in Q4, we might see an impact of the current environment on these businesses going ahead. While the nation is fighting the pandemic, we are sure that with ongoing government initiatives, vaccination drive and other supportive measures, safety will prevail for all & the economy will be back on strength."

Shares of ESCORTS LTD. was last trading in BSE at Rs.1169.25 as compared to the previous close of Rs. 1176.5. The total number of shares traded during the day was 98579 in over 5445 trades.

The stock hit an intraday high of Rs. 1192.2 and intraday low of 1161.6. The net turnover during the day was Rs. 115956472.


Source: Equity Bulls

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